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 $170.9.

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 60.6, MACD 5.301

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $14.57 (9.76%)

Weekly

EMA Structure

Bullish
EMA 8$135.22Bullish
EMA 21$127.25Bullish
EMA 50$126.3Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.6 · MACD 5.301

Momentum is strong

Strength
Bullish
Volatility
ATR $14.57 · BB 49.67%

High volatility

Strength
Bearish
Volume
MFI 82.9 · OBV 17.14%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$94 - $170.9

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+24.27% · 2.5 ATR above latest close

$185.47
Nearest resistance

+14.51% · 1.5 ATR above · 34-bar high

$170.9
Current price

Price shown is delayed

$149.25
Nearest support

-37.02% · 3.8 ATR below · 34-bar low

$94
Deeper support zone

-46.78% · 4.8 ATR below latest close

$79.43
ATR zone

Latest close ± ATR14

$134.68 - $163.82

Indicators

Trend

Dow Theory Structure

Confirmation $130.75, invalidation $111.06

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

Trend strength is moderate

16.8 / 32.1 / 8.7Bullish
Supertrend (10,3)

Price is above Supertrend

$104.13Bullish
Ichimoku Cloud

Cloud Span A / Span B

$129.44 / $138.1Bullish
Donchian Channel (20)

20-period breakout channel position

85%Bullish

Volatility

ATR (14)

High volatility

$14.57 (9.76%)Bearish
Bollinger Bands (20,2)

Width 49.67%

97%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$157 / $97.73Bearish
ATR channel lower / upper

Current Volatility Envelope

$134.68 / $163.82Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$170.9Range
Support

Nearest Downside Decision Level

$94Range

Momentum

RSI (14)

Momentum is strong

60.6Bullish
MACD (12,26,9)

Histogram is positive

5.301Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

84.0 / 91.0Bearish
Williams %R (14)

Overbought zone

-16.0Bearish
CCI (20)

Strong expansion

183.8Bullish
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

82.9Bullish
OBV slope

20-period OBV slope

17.14%Bullish
Volume ratio

Relative to 20-period average volume

0.56xBearish

Trend

Dow Theory Structure

Confirmation $130.75, invalidation $111.06

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

Trend strength is moderate

16.8 / 32.1 / 8.7Bullish
Supertrend (10,3)

Price is above Supertrend

$104.13Bullish
Ichimoku Cloud

Cloud Span A / Span B

$129.44 / $138.1Bullish
Donchian Channel (20)

20-period breakout channel position

85%Bullish

Momentum

RSI (14)

Momentum is strong

60.6Bullish
MACD (12,26,9)

Histogram is positive

5.301Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

84.0 / 91.0Bearish
Williams %R (14)

Overbought zone

-16.0Bearish
CCI (20)

Strong expansion

183.8Bullish
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$14.57 (9.76%)Bearish
Bollinger Bands (20,2)

Width 49.67%

97%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$157 / $97.73Bearish
ATR channel lower / upper

Current Volatility Envelope

$134.68 / $163.82Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

82.9Bullish
OBV slope

20-period OBV slope

17.14%Bullish
Volume ratio

Relative to 20-period average volume

0.56xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$170.9Range
Support

Nearest Downside Decision Level

$94Range

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