US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

3 monthsBullish67%
3M Upside probability 67%Bullish

SHOP 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Hold above $23.64 and reclaim $182.18.

Invalidation Trigger

Lose $23.64 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

3M
Momentum StateBullish
Momentum improving

RSI 50.1, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $36.34 (33.76%)

3M

EMA Structure

Range
EMA 8$114.6Bearish
EMA 21$97.52Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 50.1 · MACD --

Neutral zone

Strength
Bullish
Volatility
ATR $36.34 · BB 177.78%

High volatility

Strength
Bearish
Volume
MFI 60.7 · OBV -4545.75%

Relative to 20-period average volume

Strength
Range
Price Levels
$23.64 - $182.18

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+103% · 3.1 ATR above latest close

$218.51
Nearest resistance

+69.24% · 2.1 ATR above · 24-bar high

$182.18
Current price

Price shown is delayed

$107.64
Nearest support

-78.04% · 2.3 ATR below · 24-bar low

$23.64
Deeper support zone

-111.8% · 3.3 ATR below latest close

-$12.7
ATR zone

Latest close ± ATR14

$71.3 - $143.98

Indicators

Trend

Dow Theory Structure

Confirmation $182.18, invalidation $69.91

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

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

-$7.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

53%Range

Volatility

ATR (14)

High volatility

$36.34 (33.76%)Bearish
Bollinger Bands (20,2)

Width 177.78%

63%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$182.12 / $18.25Bearish
ATR channel lower / upper

Current Volatility Envelope

$71.3 / $143.98Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.18Range
Support

Nearest Downside Decision Level

$23.64Range

Momentum

RSI (14)

Neutral zone

50.1Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

49.5 / 65.3Bearish
Williams %R (14)

Neutral zone

-50.5Range
CCI (20)

Balanced zone

46.4Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

60.7Bullish
OBV slope

20-period OBV slope

-4545.75%Bearish
Volume ratio

Relative to 20-period average volume

0.73xBearish

Trend

Dow Theory Structure

Confirmation $182.18, invalidation $69.91

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

Trend strength is moderate

-- / -- / --Bearish
Supertrend (10,3)

Price is above Supertrend

-$7.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

-- / --Bullish
Donchian Channel (20)

20-period breakout channel position

53%Range

Momentum

RSI (14)

Neutral zone

50.1Range
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

49.5 / 65.3Bearish
Williams %R (14)

Neutral zone

-50.5Range
CCI (20)

Balanced zone

46.4Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$36.34 (33.76%)Bearish
Bollinger Bands (20,2)

Width 177.78%

63%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$182.12 / $18.25Bearish
ATR channel lower / upper

Current Volatility Envelope

$71.3 / $143.98Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

60.7Bullish
OBV slope

20-period OBV slope

-4545.75%Bearish
Volume ratio

Relative to 20-period average volume

0.73xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.18Range
Support

Nearest Downside Decision Level

$23.64Range

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