US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 weekBullish92%
Weekly Upside probability 92%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 64.4, MACD 4.198

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $16.56 (9.78%)

Weekly

EMA Structure

Bullish
EMA 8$155.93Bullish
EMA 21$142.49Bullish
EMA 50$134.09Bullish

Signals

CategoryReadStrength
Momentum
RSI 64.4 · MACD 4.198

Momentum is strong

Strength
Bullish
Volatility
ATR $16.56 · BB 59.23%

High volatility

Strength
Bearish
Volume
MFI 67.3 · OBV 43.72%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$94 - $180.41

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+16.36% · 1.7 ATR above latest close

$196.97
Nearest resistance

+6.58% · 0.7 ATR above · 34-bar high

$180.41
Current price

Price shown is delayed

$169.27
Nearest support

-44.47% · 4.5 ATR below · 34-bar low

$94
Deeper support zone

-54.25% · 5.5 ATR below latest close

$77.44
ATR zone

Latest close ± ATR14

$152.71 - $185.83

Indicators

Trend

Dow Theory Structure

Confirmation $158.87, invalidation $124.03

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

Trend strength is active

31.6 / 36.2 / 15.7Bullish
Supertrend (10,3)

Price is above Supertrend

$126.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$144.71 / $138.1Bullish
Donchian Channel (20)

20-period breakout channel position

85%Bullish

Volatility

ATR (14)

High volatility

$16.56 (9.78%)Bearish
Bollinger Bands (20,2)

Width 59.23%

89%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$173.11 / $113.08Bearish
ATR channel lower / upper

Current Volatility Envelope

$152.71 / $185.83Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$180.41Range
Support

Nearest Downside Decision Level

$94Range

Momentum

RSI (14)

Momentum is strong

64.4Bullish
MACD (12,26,9)

Histogram is positive

4.198Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

83.9 / 89.3Bearish
Williams %R (14)

Overbought zone

-16.1Bearish
CCI (20)

Strong expansion

135.8Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

67.3Bullish
OBV slope

20-period OBV slope

43.72%Bullish
Volume ratio

Relative to 20-period average volume

0.68xBearish

Trend

Dow Theory Structure

Confirmation $158.87, invalidation $124.03

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

Trend strength is active

31.6 / 36.2 / 15.7Bullish
Supertrend (10,3)

Price is above Supertrend

$126.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$144.71 / $138.1Bullish
Donchian Channel (20)

20-period breakout channel position

85%Bullish

Momentum

RSI (14)

Momentum is strong

64.4Bullish
MACD (12,26,9)

Histogram is positive

4.198Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

83.9 / 89.3Bearish
Williams %R (14)

Overbought zone

-16.1Bearish
CCI (20)

Strong expansion

135.8Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

High volatility

$16.56 (9.78%)Bearish
Bollinger Bands (20,2)

Width 59.23%

89%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$173.11 / $113.08Bearish
ATR channel lower / upper

Current Volatility Envelope

$152.71 / $185.83Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

67.3Bullish
OBV slope

20-period OBV slope

43.72%Bullish
Volume ratio

Relative to 20-period average volume

0.68xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$180.41Range
Support

Nearest Downside Decision Level

$94Range

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