SHOP

ShopifyTechnology

$117.64+2.32%

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$117.64

FEBMARAPR

Trade this Rounding Bottom

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

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Quick Actions

Trade Plan: Bearish Flag

Risk/Reward

1:3.13

Entry

$108.95

Stop

$126.50

Target

$53.95

Chart Pattern

Rounding Bottom

Gradual reversal from bearish to bullish.

Bearish Flag

Bearish continuation if preceding move was down.

Market Analysis

Technical analysis of Shopify (SHOP) reveals a significant setup. The stock is trading at $117.64, up 2.32% on the day. Our AI has detected a valid Bearish Flag pattern. This setup is supported by average volume turnover. A potential breakout level is identified at $108.95, targeting $53.95 with support near $126.5 (R:R 3.13).

Community Sentiment

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Peer Analysis

Adbe Bearish Flag Gddy Rectangle Acn Bearish Flag Tri Rounding Bottom Ibm Rectangle

Pattern Peers

Fet Rounding Bottom Ual Rounding Bottom Gddy Rounding Bottom Tri Rounding Bottom Chrw Rounding Bottom