US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

3 monthsBullish84%
3M Upside probability 84%Bullish

SHOP 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

3M: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $23.63 and reclaim $182.19.

Invalidation Trigger

Lose $23.63 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

3M
Momentum StateBullish
Momentum improving

RSI 63.0, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $38.42 (25.74%)

3M

EMA Structure

Range
EMA 8$123.11Bullish
EMA 21$103.65Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 63.0 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $38.42 · BB 180.84%

High volatility

Strength
Bearish
Volume
MFI 64.1 · OBV -33.54%

Relative to 20-period average volume

Strength
Range
Price Levels
$23.63 - $182.19

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+47.81% · 1.9 ATR above latest close

$220.61
Nearest resistance

+22.07% · 0.9 ATR above · 29-bar high

$182.19
Current price

Price shown is delayed

$149.25
Nearest support

-84.17% · 3.3 ATR below · 29-bar low

$23.63
Deeper support zone

-109.91% · 4.3 ATR below latest close

-$14.79
ATR zone

Latest close ± ATR14

$110.83 - $187.67

Indicators

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is active

22.0 / 31.9 / 15.5Bullish
Supertrend (10,3)

Price is above Supertrend

$3.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$109.14 / --Bullish
Donchian Channel (20)

20-period breakout channel position

79%Bullish

Volatility

ATR (14)

High volatility

$38.42 (25.74%)Bearish
Bollinger Bands (20,2)

Width 180.84%

88%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$192.3 / $17.2Bearish
ATR channel lower / upper

Current Volatility Envelope

$110.83 / $187.67Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$23.63Range

Momentum

RSI (14)

Momentum is strong

63.0Bullish
MACD (12,26,9)

Histogram is negative

--Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

76.2 / 63.4Bullish
Williams %R (14)

Neutral zone

-23.8Range
CCI (20)

Strong expansion

100.0Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

64.1Bullish
OBV slope

20-period OBV slope

-33.54%Bearish
Volume ratio

Relative to 20-period average volume

0.32xBearish

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is active

22.0 / 31.9 / 15.5Bullish
Supertrend (10,3)

Price is above Supertrend

$3.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$109.14 / --Bullish
Donchian Channel (20)

20-period breakout channel position

79%Bullish

Momentum

RSI (14)

Momentum is strong

63.0Bullish
MACD (12,26,9)

Histogram is negative

--Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

76.2 / 63.4Bullish
Williams %R (14)

Neutral zone

-23.8Range
CCI (20)

Strong expansion

100.0Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$38.42 (25.74%)Bearish
Bollinger Bands (20,2)

Width 180.84%

88%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$192.3 / $17.2Bearish
ATR channel lower / upper

Current Volatility Envelope

$110.83 / $187.67Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

64.1Bullish
OBV slope

20-period OBV slope

-33.54%Bearish
Volume ratio

Relative to 20-period average volume

0.32xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$23.63Range

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