US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 monthRange50%
Monthly Range probability 100%Range

SHOP 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Break either side of $45.54 - $182.18 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

Monthly
Momentum StateBearish
Momentum soft

RSI 47.9, MACD -4.442

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $29.23 (27.16%)

Monthly

EMA Structure

Bullish
EMA 8$123.14Bearish
EMA 21$117.85Bearish
EMA 50$105.49Bullish

Signals

CategoryReadStrength
Momentum
RSI 47.9 · MACD -4.442

Neutral zone

Strength
Bearish
Volatility
ATR $29.23 · BB 68.04%

High volatility

Strength
Bearish
Volume
MFI 55.6 · OBV -24.98%

Relative to 20-period average volume

Strength
Range
Price Levels
$45.54 - $182.18

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+96.4% · 3.5 ATR above latest close

$211.41
Nearest resistance

+69.24% · 2.5 ATR above · 34-bar high

$182.18
Current price

Price shown is delayed

$107.64
Nearest support

-57.69% · 2.1 ATR below · 34-bar low

$45.54
Deeper support zone

-84.85% · 3.1 ATR below latest close

$16.31
ATR zone

Latest close ± ATR14

$78.41 - $136.87

Indicators

Trend

Dow Theory Structure

Confirmation $182.18, invalidation $104.93

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

19.4 / 20.1 / 16.6Bullish
Supertrend (10,3)

Price is above Supertrend

$20.78Bullish
Ichimoku Cloud

Cloud Span A / Span B

$126.83 / $102.91Bearish
Donchian Channel (20)

20-period breakout channel position

34%Range

Volatility

ATR (14)

High volatility

$29.23 (27.16%)Bearish
Bollinger Bands (20,2)

Width 68.04%

30%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$181.01 / $56.21Bearish
ATR channel lower / upper

Current Volatility Envelope

$78.41 / $136.87Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.18Range
Support

Nearest Downside Decision Level

$45.54Range

Momentum

RSI (14)

Neutral zone

47.9Range
MACD (12,26,9)

Histogram is negative

-4.442Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

20.6 / 36.6Bearish
Williams %R (14)

Neutral zone

-79.4Range
CCI (20)

Balanced zone

-44.4Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

55.6Bullish
OBV slope

20-period OBV slope

-24.98%Bearish
Volume ratio

Relative to 20-period average volume

0.68xBearish

Trend

Dow Theory Structure

Confirmation $182.18, invalidation $104.93

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

19.4 / 20.1 / 16.6Bullish
Supertrend (10,3)

Price is above Supertrend

$20.78Bullish
Ichimoku Cloud

Cloud Span A / Span B

$126.83 / $102.91Bearish
Donchian Channel (20)

20-period breakout channel position

34%Range

Momentum

RSI (14)

Neutral zone

47.9Range
MACD (12,26,9)

Histogram is negative

-4.442Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

20.6 / 36.6Bearish
Williams %R (14)

Neutral zone

-79.4Range
CCI (20)

Balanced zone

-44.4Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

High volatility

$29.23 (27.16%)Bearish
Bollinger Bands (20,2)

Width 68.04%

30%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$181.01 / $56.21Bearish
ATR channel lower / upper

Current Volatility Envelope

$78.41 / $136.87Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

55.6Bullish
OBV slope

20-period OBV slope

-24.98%Bearish
Volume ratio

Relative to 20-period average volume

0.68xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.18Range
Support

Nearest Downside Decision Level

$45.54Range

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