US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 weekBullish85%
Weekly Upside probability 85%Bullish

SHOP 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $94 and reclaim $180.41.

Invalidation Trigger

Lose $94 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 52.4, MACD 0.653

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $15.02 (10.23%)

Weekly

EMA Structure

Bullish
EMA 8$152.83Bearish
EMA 21$144.5Bullish
EMA 50$135.97Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.4 · MACD 0.653

Neutral zone

Strength
Bullish
Volatility
ATR $15.02 · BB 48.80%

High volatility

Strength
Bearish
Volume
MFI 46.8 · OBV 5.13%

Relative to 20-period average volume

Strength
Range
Price Levels
$94 - $180.41

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+33.15% · 3.2 ATR above latest close

$195.43
Nearest resistance

+22.91% · 2.2 ATR above · 34-bar high

$180.41
Current price

Price shown is delayed

$146.78
Nearest support

-35.96% · 3.5 ATR below · 34-bar low

$94
Deeper support zone

-46.19% · 4.5 ATR below latest close

$78.98
ATR zone

Latest close ± ATR14

$131.76 - $161.8

Indicators

Trend

Dow Theory Structure

Confirmation $180.41, invalidation $124.03

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

Trend strength is active

33.2 / 26.4 / 27.1Bearish
Supertrend (10,3)

Price is above Supertrend

$96.78Bullish
Ichimoku Cloud

Cloud Span A / Span B

$146.59 / $137.2Bullish
Donchian Channel (20)

20-period breakout channel position

52%Range

Volatility

ATR (14)

High volatility

$15.02 (10.23%)Bearish
Bollinger Bands (20,2)

Width 48.80%

55%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$178.28 / $111.78Bearish
ATR channel lower / upper

Current Volatility Envelope

$131.76 / $161.8Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$180.41Range
Support

Nearest Downside Decision Level

$94Range

Momentum

RSI (14)

Neutral zone

52.4Range
MACD (12,26,9)

Histogram is positive

0.653Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

40.4 / 51.7Bearish
Williams %R (14)

Neutral zone

-59.6Range
CCI (20)

Balanced zone

18.8Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.8Range
OBV slope

20-period OBV slope

5.13%Bullish
Volume ratio

Relative to 20-period average volume

0.52xBearish

Trend

Dow Theory Structure

Confirmation $180.41, invalidation $124.03

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

Trend strength is active

33.2 / 26.4 / 27.1Bearish
Supertrend (10,3)

Price is above Supertrend

$96.78Bullish
Ichimoku Cloud

Cloud Span A / Span B

$146.59 / $137.2Bullish
Donchian Channel (20)

20-period breakout channel position

52%Range

Momentum

RSI (14)

Neutral zone

52.4Range
MACD (12,26,9)

Histogram is positive

0.653Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

40.4 / 51.7Bearish
Williams %R (14)

Neutral zone

-59.6Range
CCI (20)

Balanced zone

18.8Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$15.02 (10.23%)Bearish
Bollinger Bands (20,2)

Width 48.80%

55%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$178.28 / $111.78Bearish
ATR channel lower / upper

Current Volatility Envelope

$131.76 / $161.8Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.8Range
OBV slope

20-period OBV slope

5.13%Bullish
Volume ratio

Relative to 20-period average volume

0.52xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$180.41Range
Support

Nearest Downside Decision Level

$94Range

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