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 62.5, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $39.91 (27.19%)

3M

EMA Structure

Range
EMA 8$128.21Bullish
EMA 21$107.49Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 62.5 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $39.91 · BB 182.38%

High volatility

Strength
Bearish
Volume
MFI 64.3 · OBV -15.59%

Relative to 20-period average volume

Strength
Range
Price Levels
$23.63 - $182.19

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+51.32% · 1.9 ATR above latest close

$222.1
Nearest resistance

+24.12% · 0.9 ATR above · 30-bar high

$182.19
Current price

Price shown is delayed

$146.78
Nearest support

-83.9% · 3.1 ATR below · 30-bar low

$23.63
Deeper support zone

-111.09% · 4.1 ATR below latest close

-$16.28
ATR zone

Latest close ± ATR14

$106.87 - $186.69

Indicators

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is active

23.2 / 32.3 / 14.9Bullish
Supertrend (10,3)

Price is above Supertrend

$20.17Bullish
Ichimoku Cloud

Cloud Span A / Span B

$114.46 / --Bullish
Donchian Channel (20)

20-period breakout channel position

78%Bullish

Volatility

ATR (14)

High volatility

$39.91 (27.19%)Bearish
Bollinger Bands (20,2)

Width 182.38%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$200.58 / $16.76Bearish
ATR channel lower / upper

Current Volatility Envelope

$106.87 / $186.69Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$23.63Range

Momentum

RSI (14)

Momentum is strong

62.5Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

74.1 / 67.9Bullish
Williams %R (14)

Neutral zone

-25.9Range
CCI (20)

Strong expansion

126.8Bullish
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

64.3Bullish
OBV slope

20-period OBV slope

-15.59%Bearish
Volume ratio

Relative to 20-period average volume

0.24xBearish

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is active

23.2 / 32.3 / 14.9Bullish
Supertrend (10,3)

Price is above Supertrend

$20.17Bullish
Ichimoku Cloud

Cloud Span A / Span B

$114.46 / --Bullish
Donchian Channel (20)

20-period breakout channel position

78%Bullish

Momentum

RSI (14)

Momentum is strong

62.5Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

74.1 / 67.9Bullish
Williams %R (14)

Neutral zone

-25.9Range
CCI (20)

Strong expansion

126.8Bullish
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$39.91 (27.19%)Bearish
Bollinger Bands (20,2)

Width 182.38%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$200.58 / $16.76Bearish
ATR channel lower / upper

Current Volatility Envelope

$106.87 / $186.69Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

64.3Bullish
OBV slope

20-period OBV slope

-15.59%Bearish
Volume ratio

Relative to 20-period average volume

0.24xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$23.63Range

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