US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

3 monthsBullish80%
3M Upside probability 80%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 65.7, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $39.03 (23.06%)

3M

EMA Structure

Range
EMA 8$133.2Bullish
EMA 21$109.54Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 65.7 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $39.03 · BB 188.29%

High volatility

Strength
Bearish
Volume
MFI 63.6 · OBV -10.42%

Relative to 20-period average volume

Strength
Range
Price Levels
$23.63 - $182.19

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+30.69% · 1.3 ATR above latest close

$221.22
Nearest resistance

+7.63% · 0.3 ATR above · 30-bar high

$182.19
Current price

Price shown is delayed

$169.27
Nearest support

-86.04% · 3.7 ATR below · 30-bar low

$23.63
Deeper support zone

-109.1% · 4.7 ATR below latest close

-$15.4
ATR zone

Latest close ± ATR14

$130.24 - $208.3

Indicators

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is active

23.2 / 33.0 / 15.3Bullish
Supertrend (10,3)

Price is above Supertrend

$30.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$114.46 / --Bullish
Donchian Channel (20)

20-period breakout channel position

92%Bullish

Volatility

ATR (14)

High volatility

$39.03 (23.06%)Bearish
Bollinger Bands (20,2)

Width 188.29%

96%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$200.25 / $21.38Bearish
ATR channel lower / upper

Current Volatility Envelope

$130.24 / $208.3Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$23.63Range

Momentum

RSI (14)

Momentum is strong

65.7Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

90.5 / 73.3Bullish
Williams %R (14)

Overbought zone

-9.5Bearish
CCI (20)

Strong expansion

145.7Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

63.6Bullish
OBV slope

20-period OBV slope

-10.42%Bearish
Volume ratio

Relative to 20-period average volume

0.12xBearish

Trend

Dow Theory Structure

Confirmation $182.19, invalidation $94

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

Trend strength is active

23.2 / 33.0 / 15.3Bullish
Supertrend (10,3)

Price is above Supertrend

$30.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$114.46 / --Bullish
Donchian Channel (20)

20-period breakout channel position

92%Bullish

Momentum

RSI (14)

Momentum is strong

65.7Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

90.5 / 73.3Bullish
Williams %R (14)

Overbought zone

-9.5Bearish
CCI (20)

Strong expansion

145.7Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$39.03 (23.06%)Bearish
Bollinger Bands (20,2)

Width 188.29%

96%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$200.25 / $21.38Bearish
ATR channel lower / upper

Current Volatility Envelope

$130.24 / $208.3Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

63.6Bullish
OBV slope

20-period OBV slope

-10.42%Bearish
Volume ratio

Relative to 20-period average volume

0.12xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$182.19Range
Support

Nearest Downside Decision Level

$23.63Range

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