SHOP

ShopifyTechnology

$108.85+0.70%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$108.85

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Trade this Rounding Bottom

SHOP is showing a classic Rounding Bottom. Don't miss the move.

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Quick Actions

Trade Plan: Rounding Bottom

Risk/Reward

1:2

Entry

$124.62

Stop

$109.31

Target

$155.25

Chart Pattern

Rounding Bottom

Gradual reversal from bearish to bullish.

Market Analysis

SHOP is showing interesting structural developments at $108.85. With a last close of $108.85, volatility remains active (0.7%). The primary technical feature is a Rounding Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $124.62, targeting $155.25 with support near $109.31 (R:R 2.0).

Community Sentiment

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Peer Analysis

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Pattern Peers

Erie Rounding Bottom Acgl Rounding Bottom Dxcm Rounding Bottom Xyl Rounding Bottom Adp Rounding Bottom