US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 monthBullish57%
Monthly Upside probability 57%Bullish

SHOP 1M chart

EMA21EMA50Bollinger
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Market View

Market Shift

Monthly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $45.5 and reclaim $182.19.

Invalidation Trigger

Lose $45.5 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Monthly
Momentum StateBearish
Momentum soft

RSI 54.3, MACD -4.102

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $28.81 (23.05%)

Monthly

EMA Structure

Bullish
EMA 8$124.68Bullish
EMA 21$118.94Bullish
EMA 50$103.4Bullish

Signals

CategoryReadStrength
Momentum
RSI 54.3 · MACD -4.102

Neutral zone

Strength
Bearish
Volatility
ATR $28.81 · BB 66.57%

High volatility

Strength
Bearish
Volume
MFI 61.4 · OBV -24.45%

Relative to 20-period average volume

Strength
Range
Price Levels
$45.5 - $182.19

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+68.8% · 3.0 ATR above latest close

$211
Nearest resistance

+45.75% · 2.0 ATR above · 34-bar high

$182.19
Current price

Price shown is delayed

$125
Nearest support

-63.6% · 2.8 ATR below · 34-bar low

$45.5
Deeper support zone

-86.65% · 3.8 ATR below latest close

$16.69
ATR zone

Latest close ± ATR14

$96.19 - $153.81

Indicators

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

19.5 / 19.2 / 16.9Bullish
Supertrend (10,3)

Price is above Supertrend

$31.65Bullish
Ichimoku Cloud

Cloud Span A / Span B

$125.78 / $102.91Bearish
Donchian Channel (20)

20-period breakout channel position

49%Range

Volatility

ATR (14)

High volatility

$28.81 (23.05%)Bearish
Bollinger Bands (20,2)

Width 66.57%

50%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$180.6 / $58.85Bearish
ATR channel lower / upper

Current Volatility Envelope

$96.19 / $153.81Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$45.5Range

Momentum

RSI (14)

Neutral zone

54.3Range
MACD (12,26,9)

Histogram is negative

-4.102Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.2 / 35.4Bearish
Williams %R (14)

Neutral zone

-64.8Range
CCI (20)

Balanced zone

-4.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

61.4Bullish
OBV slope

20-period OBV slope

-24.45%Bearish
Volume ratio

Relative to 20-period average volume

0.24xBearish

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

19.5 / 19.2 / 16.9Bullish
Supertrend (10,3)

Price is above Supertrend

$31.65Bullish
Ichimoku Cloud

Cloud Span A / Span B

$125.78 / $102.91Bearish
Donchian Channel (20)

20-period breakout channel position

49%Range

Momentum

RSI (14)

Neutral zone

54.3Range
MACD (12,26,9)

Histogram is negative

-4.102Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.2 / 35.4Bearish
Williams %R (14)

Neutral zone

-64.8Range
CCI (20)

Balanced zone

-4.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$28.81 (23.05%)Bearish
Bollinger Bands (20,2)

Width 66.57%

50%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$180.6 / $58.85Bearish
ATR channel lower / upper

Current Volatility Envelope

$96.19 / $153.81Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

61.4Bullish
OBV slope

20-period OBV slope

-24.45%Bearish
Volume ratio

Relative to 20-period average volume

0.24xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$45.5Range

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