US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

3 monthsBullish73%
3M Upside probability 73%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 58.5, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $36.64 (30.66%)

3M

EMA Structure

Range
EMA 8$116.5Bullish
EMA 21$100.95Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 58.5 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $36.64 · BB 175.88%

High volatility

Strength
Bearish
Volume
MFI 63.1 · OBV -35.35%

Relative to 20-period average volume

Strength
Range
Price Levels
$23.63 - $182.19

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+83.11% · 2.7 ATR above latest close

$218.83
Nearest resistance

+52.45% · 1.7 ATR above · 29-bar high

$182.19
Current price

Price shown is delayed

$119.51
Nearest support

-80.23% · 2.6 ATR below · 29-bar low

$23.63
Deeper support zone

-110.89% · 3.6 ATR below latest close

-$13.01
ATR zone

Latest close ± ATR14

$82.87 - $156.15

Indicators

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is moderate

21.6 / 29.2 / 16.3Bullish
Supertrend (10,3)

Price is above Supertrend

-$1.34Bullish
Ichimoku Cloud

Cloud Span A / Span B

$109.14 / --Bullish
Donchian Channel (20)

20-period breakout channel position

60%Range

Volatility

ATR (14)

High volatility

$36.64 (30.66%)Bearish
Bollinger Bands (20,2)

Width 175.88%

71%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$184.49 / $19.34Bearish
ATR channel lower / upper

Current Volatility Envelope

$82.87 / $156.15Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$23.63Range

Momentum

RSI (14)

Momentum is strong

58.5Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

54.8 / 56.2Bearish
Williams %R (14)

Neutral zone

-45.2Range
CCI (20)

Balanced zone

67.7Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

63.1Bullish
OBV slope

20-period OBV slope

-35.35%Bearish
Volume ratio

Relative to 20-period average volume

0.16xBearish

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is moderate

21.6 / 29.2 / 16.3Bullish
Supertrend (10,3)

Price is above Supertrend

-$1.34Bullish
Ichimoku Cloud

Cloud Span A / Span B

$109.14 / --Bullish
Donchian Channel (20)

20-period breakout channel position

60%Range

Momentum

RSI (14)

Momentum is strong

58.5Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

54.8 / 56.2Bearish
Williams %R (14)

Neutral zone

-45.2Range
CCI (20)

Balanced zone

67.7Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$36.64 (30.66%)Bearish
Bollinger Bands (20,2)

Width 175.88%

71%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$184.49 / $19.34Bearish
ATR channel lower / upper

Current Volatility Envelope

$82.87 / $156.15Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

63.1Bullish
OBV slope

20-period OBV slope

-35.35%Bearish
Volume ratio

Relative to 20-period average volume

0.16xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$23.63Range

Related Forecasts