US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 weekBullish61%
Weekly Upside probability 61%Bullish

SHOP 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Hold above $94 and reclaim $172.98.

Invalidation Trigger

Lose $94 and MACD turns lower again.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 51.8, MACD 2.083

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $14.36 (11.49%)

Weekly

EMA Structure

Bearish
EMA 8$118.05Bullish
EMA 21$120.07Bullish
EMA 50$123.75Bullish

Signals

CategoryReadStrength
Momentum
RSI 51.8 · MACD 2.083

Neutral zone

Strength
Bullish
Volatility
ATR $14.36 · BB 29.53%

High volatility

Strength
Bearish
Volume
MFI 58.8 · OBV -14.32%

Relative to 20-period average volume

Strength
Range
Price Levels
$94 - $172.98

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+49.87% · 4.3 ATR above latest close

$187.34
Nearest resistance

+38.38% · 3.3 ATR above · 34-bar high

$172.98
Current price

Price shown is delayed

$125
Nearest support

-24.8% · 2.2 ATR below · 34-bar low

$94
Deeper support zone

-36.29% · 3.2 ATR below latest close

$79.64
ATR zone

Latest close ± ATR14

$110.64 - $139.36

Indicators

Trend

Dow Theory Structure

Confirmation $94, invalidation $124.63

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

19.4 / 21.4 / 15.8Bullish
Supertrend (10,3)

Price is above Supertrend

$85.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$118.79 / $138.1Bearish
Donchian Channel (20)

20-period breakout channel position

72%Range

Volatility

ATR (14)

High volatility

$14.36 (11.49%)Bearish
Bollinger Bands (20,2)

Width 29.53%

73%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$145.1 / $94.4Bearish
ATR channel lower / upper

Current Volatility Envelope

$110.64 / $139.36Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$172.98Range
Support

Nearest Downside Decision Level

$94Range

Momentum

RSI (14)

Neutral zone

51.8Range
MACD (12,26,9)

Histogram is positive

2.083Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

71.6 / 65.4Bullish
Williams %R (14)

Neutral zone

-28.4Range
CCI (20)

Balanced zone

70.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

58.8Bullish
OBV slope

20-period OBV slope

-14.32%Bearish
Volume ratio

Relative to 20-period average volume

0.06xBearish

Trend

Dow Theory Structure

Confirmation $94, invalidation $124.63

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

19.4 / 21.4 / 15.8Bullish
Supertrend (10,3)

Price is above Supertrend

$85.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$118.79 / $138.1Bearish
Donchian Channel (20)

20-period breakout channel position

72%Range

Momentum

RSI (14)

Neutral zone

51.8Range
MACD (12,26,9)

Histogram is positive

2.083Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

71.6 / 65.4Bullish
Williams %R (14)

Neutral zone

-28.4Range
CCI (20)

Balanced zone

70.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$14.36 (11.49%)Bearish
Bollinger Bands (20,2)

Width 29.53%

73%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$145.1 / $94.4Bearish
ATR channel lower / upper

Current Volatility Envelope

$110.64 / $139.36Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

58.8Bullish
OBV slope

20-period OBV slope

-14.32%Bearish
Volume ratio

Relative to 20-period average volume

0.06xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$172.98Range
Support

Nearest Downside Decision Level

$94Range

Related Forecasts