US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 weekBullish80%
Weekly Upside probability 80%Bullish

SHOP 1W chart

EMA21EMA50Bollinger
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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 49.2, MACD 1.610

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $13.85 (11.59%)

Weekly

EMA Structure

Bearish
EMA 8$117.49Bullish
EMA 21$119.21Bullish
EMA 50$122.92Bearish

Signals

CategoryReadStrength
Momentum
RSI 49.2 · MACD 1.610

Neutral zone

Strength
Bullish
Volatility
ATR $13.85 · BB 27.30%

High volatility

Strength
Bearish
Volume
MFI 57.1 · OBV 3.95%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$94 - $172.98

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+56.33% · 4.9 ATR above latest close

$186.83
Nearest resistance

+44.74% · 3.9 ATR above · 34-bar high

$172.98
Current price

Price shown is delayed

$119.51
Nearest support

-21.35% · 1.8 ATR below · 34-bar low

$94
Deeper support zone

-32.93% · 2.8 ATR below latest close

$80.15
ATR zone

Latest close ± ATR14

$105.66 - $133.36

Indicators

Trend

Dow Theory Structure

Confirmation $130.75, invalidation $111.06

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

Trend strength is moderate

12.1 / 20.9 / 19.3Bullish
Supertrend (10,3)

Price is above Supertrend

$81.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$117.8 / $138.1Bearish
Donchian Channel (20)

20-period breakout channel position

59%Range

Volatility

ATR (14)

High volatility

$13.85 (11.59%)Bearish
Bollinger Bands (20,2)

Width 27.30%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$144.06 / $93.8Bearish
ATR channel lower / upper

Current Volatility Envelope

$105.66 / $133.36Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$172.98Range
Support

Nearest Downside Decision Level

$94Range

Momentum

RSI (14)

Neutral zone

49.2Range
MACD (12,26,9)

Histogram is positive

1.610Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

63.8 / 55.8Bullish
Williams %R (14)

Neutral zone

-36.2Range
CCI (20)

Balanced zone

37.4Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

57.1Bullish
OBV slope

20-period OBV slope

3.95%Bullish
Volume ratio

Relative to 20-period average volume

0.10xBearish

Trend

Dow Theory Structure

Confirmation $130.75, invalidation $111.06

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

Trend strength is moderate

12.1 / 20.9 / 19.3Bullish
Supertrend (10,3)

Price is above Supertrend

$81.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$117.8 / $138.1Bearish
Donchian Channel (20)

20-period breakout channel position

59%Range

Momentum

RSI (14)

Neutral zone

49.2Range
MACD (12,26,9)

Histogram is positive

1.610Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

63.8 / 55.8Bullish
Williams %R (14)

Neutral zone

-36.2Range
CCI (20)

Balanced zone

37.4Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$13.85 (11.59%)Bearish
Bollinger Bands (20,2)

Width 27.30%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$144.06 / $93.8Bearish
ATR channel lower / upper

Current Volatility Envelope

$105.66 / $133.36Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

57.1Bullish
OBV slope

20-period OBV slope

3.95%Bullish
Volume ratio

Relative to 20-period average volume

0.10xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$172.98Range
Support

Nearest Downside Decision Level

$94Range

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