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 $158.87.

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 58.9, MACD 2.185

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $15.52 (10.25%)

Weekly

EMA Structure

Bullish
EMA 8$140.37Bullish
EMA 21$133.44Bullish
EMA 50$129.53Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.9 · MACD 2.185

Momentum is strong

Strength
Bullish
Volatility
ATR $15.52 · BB 52.81%

High volatility

Strength
Bearish
Volume
MFI 71.0 · OBV 40.81%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$94 - $158.87

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+15.19% · 1.5 ATR above latest close

$174.39
Nearest resistance

+4.94% · 0.5 ATR above · 34-bar high

$158.87
Current price

Price shown is delayed

$151.39
Nearest support

-37.91% · 3.7 ATR below · 34-bar low

$94
Deeper support zone

-48.16% · 4.7 ATR below latest close

$78.48
ATR zone

Latest close ± ATR14

$135.87 - $166.91

Indicators

Trend

Dow Theory Structure

Confirmation $158.87, invalidation $124.03

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

Trend strength is active

26.7 / 31.9 / 16.7Bullish
Supertrend (10,3)

Price is above Supertrend

$94.79Bullish
Ichimoku Cloud

Cloud Span A / Span B

$132.33 / $138.1Bullish
Donchian Channel (20)

20-period breakout channel position

88%Bullish

Volatility

ATR (14)

High volatility

$15.52 (10.25%)Bearish
Bollinger Bands (20,2)

Width 52.81%

84%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$167.24 / $100.23Bearish
ATR channel lower / upper

Current Volatility Envelope

$135.87 / $166.91Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$158.87Range
Support

Nearest Downside Decision Level

$94Range

Momentum

RSI (14)

Momentum is strong

58.9Bullish
MACD (12,26,9)

Histogram is positive

2.185Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

84.4 / 65.2Bullish
Williams %R (14)

Overbought zone

-15.6Bearish
CCI (20)

Balanced zone

92.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

71.0Bullish
OBV slope

20-period OBV slope

40.81%Bullish
Volume ratio

Relative to 20-period average volume

0.75xBearish

Trend

Dow Theory Structure

Confirmation $158.87, invalidation $124.03

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

Trend strength is active

26.7 / 31.9 / 16.7Bullish
Supertrend (10,3)

Price is above Supertrend

$94.79Bullish
Ichimoku Cloud

Cloud Span A / Span B

$132.33 / $138.1Bullish
Donchian Channel (20)

20-period breakout channel position

88%Bullish

Momentum

RSI (14)

Momentum is strong

58.9Bullish
MACD (12,26,9)

Histogram is positive

2.185Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

84.4 / 65.2Bullish
Williams %R (14)

Overbought zone

-15.6Bearish
CCI (20)

Balanced zone

92.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$15.52 (10.25%)Bearish
Bollinger Bands (20,2)

Width 52.81%

84%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$167.24 / $100.23Bearish
ATR channel lower / upper

Current Volatility Envelope

$135.87 / $166.91Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

71.0Bullish
OBV slope

20-period OBV slope

40.81%Bullish
Volume ratio

Relative to 20-period average volume

0.75xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$158.87Range
Support

Nearest Downside Decision Level

$94Range

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