Stand aside — setup invalidated
Setup score 55, but price closes below stop $169.68 — stand aside until the condition resets.
Simple research view
SHOP · Shopify Inc.
$168.18 -0.30% Oct 26 close
Switch to Advanced for indicator panels, raw grades, provenance, drawing tools, and full technical tables.
$SHOP
Shopify Inc.Shopify Inc. is a large-cap Miscellaneous Commercial Services company in the Commercial Services sector with a market cap of $164B.
Market Structure
Trend structure: range
Latest event: bos
(bullish)
Support
115.17–115.70
· 4 touches · moderate
Support
126.00–126.50
· 3 touches · moderate
Verdict · setup score 55/100 · data Oct 26 close · latest session
Stand aside — setup invalidated
Setup score 55, but price closes below stop $169.68 — stand aside until the condition resets.
Recent price action · daily
What would change this verdict
What needs to turn for this to become buyable — the top failing checks across the legend council:
- Minervini 1.2 150-day MA > 200-day MA — MA150 $129.87 vs MA200 $129.88
- Minervini 2. ROE ≥ 17% — ROE 10.0%
- O'Neil S: Base tightness (ATR% ≤ 4.5%) — ATR% 4.51%
- O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
- Weinstein Volume expansion above average — Volume ratio 0.60x
- Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
Minority view — the council disagrees here
- Minervini: avoid Trend-template read: fails 150-day MA > 200-day MA.
- O'Neil: watch CANSLIM read: 4/8 pass; improvement is still needed.
- Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
67
Strong
Legend Score · rates the stock
Strong (67/100) — held back by eps growth
Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.
- Relative Strength (25%) 85
- Trend Template (25%) 88
- Institutional Footprint (20%) 64
- EPS Growth (15%) 31
- Quality (SMR-like) (15%) 44
RS rank 84: beating most of the market. Trend template 7/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 64: mild accumulation. EPS up +0% — growing, but below the 25% leadership bar. Quality 44: weak fundamentals (sales growth 30, return on equity 40, leverage 100). Updated 2026-10-27.
Earnings
Pre-earnings setup
Next earnings
Monday, November 2, 2026
Before market open
Exact clock time not supplied by source
Deterministic evidence
SHOP-0.30%
Sector proxy · XLI+1.42%
Broad market · SPY+0.71%
CatalystPending
Stock reactionNegative
Sector reactionSupportive
Opening surgePending
Event riskEarnings-driven
Session internals Weak
Rule: closed flat-to-down and in the bottom third of the range. Judged on internals, not on the size of the move.
Vs prior close-0.30%
From the open-0.11%
Range position15%
GapNo gap
QQQ confirmationDiverging (+1.11%)
SMH confirmationDiverging (+2.74%)
Short-term conviction -2 points.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.
- QQQ, SMH moved against the stock — no index confirmation.
- A sourced earnings report is still pending inside the risk window; ordinary technical conviction is reduced until it is out.
Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.
More stats
52W Low
$94.00
Tight Wks
0
Base
B3
SMA 200
$129.88
RS Line vs High
-15.6%
RS Line Slope
+13.3% ▲
Group Rank
#33/66
ADR%
4.1%
ATR(14)
$7.59 (4.5%)
Vol Pace (live)
N/A
A/D Days
16A / 11D
A/D Rating
A+
VDU Bars
0/10 d
Power Trend
25d
Earnings
in 6d
SHOP Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Technical Analysis Report Card
$SHOP · $168.18 · as of 2026-10-26 · multi-factor read
91
/ 100
Reference read from price & volume only — the verdict at the top of the page decides the action.
Trend · Daily / Weekly / Monthly
Daily
▲ Uptrend
Weekly
▲ Uptrend
Monthly
▲ Uptrend
Moving Averages
50-day$151.39 ↑
100-day$137.15 ↑
200-day$129.88 ↑
Bullish (50 > 200)
RSI (14)
Reading57.0 · Bullish
Bullish momentum — comfortably in buyer territory.
MACD (12/26/9)
StateWeakening
Histogram-1.036
Weakening — MACD slipped below its signal line. Histogram contracting.
Bollinger Bands (20,2)
%B / Width55% · 23.7%
Mid-band — no directional band edge in play.
Volume · Buyer vs Seller
Up/Down vol0.97 · Neutral
Rel volume0.6×
Pocket pivots · 10d1
5d vs 50d vol77%
Heavy vol up / down0 / 1
Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.
- Pocket pivot 7 sessions ago — up-day volume beat every down day of the prior 10 sessions.
- 1 heavy-volume down day vs 0 up in the last 20 sessions — supply is showing.
Support & Resistance
R · $180.88swing level
Price · $168.18now
S · $163.25swing level
S · $144.12swing level
S · $126.39swing level
Fibonacci · Uptrend swing
23.6%$160.38
38.2%$147.69
50.0%$137.44
61.8%$127.19
78.6%$112.59
Retracement support zones measured from the recent swing low up to the high.
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Daily uptrendWeekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishRS 84 (leader)
Want this read in a legend's voice?
Ask a Legend about SHOP
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts
6 methodology checks
Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (55/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.
Council consensus:
8 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini
Avoid
B
Trend-template read: fails 150-day MA > 200-day MA.
partialRule check says AVOID (10/12 checks passed) — Trend-template read: fails 150-day MA > 200-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $168.18, MA150 $129.87, MA200 $129.88
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $151.39, MA150 $129.87, MA200 $129.88
Failing evidence
1.2 150-day MA > 200-day MAMA150 $129.87 vs MA200 $129.88
2. ROE ≥ 17%ROE 10.0%
O'Neil
Watch
D
CANSLIM read: 4/8 pass; improvement is still needed.
mediumCup & Handle still forming — ideal buy point at $181.06 on big volume. CANSLIM 74.
Passing evidence
C: Quarterly EPS acceleration ≥ 25%+41.2% QoQ
L: RS rank ≥ 80 (IBD leadership)RS rank 84
Failing evidence
S: Base tightness (ATR% ≤ 4.5%)ATR% 4.51%
M: Market in confirmed uptrendMarket phase: uptrend_under_pressure
Weinstein
Watch
C
Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.
Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $168.18 vs MA200 $129.88
Failing evidence
Volume expansion above averageVolume ratio 0.60x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
dennis
Watch
C
Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.
Passing evidence
No breakdown below the 20-day channel20-day low $136.49
Volatility-unit sizing (1N ≈ 1% of equity)1N = $7.13 (4.24% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
zanger
Watch
B
Zanger read: the structure is fine but the breakout quality is not there yet — wait for 150%+ volume on the break.
partialZanger would buy the Cup & Handle breakout only with 150-200% volume, never more than 5% above the breakout point, with a 2-3% stop set at entry. His edge over O'Neil is the exit plan: sell 20-30% of the position at +15-20%, then trail the rest on the 10/20-day moving average.
Passing evidence
Named Zanger pattern onlyCup & Handle
Not extended (≤5% above the breakout point)Measured as passing
Failing evidence
Breakout volume 1.5-2.0x averageData unavailable
zweig
Watch
D
Zweig read: part of his screen passes but not all: Reasonable price for the growth (P/E ≤ 35); Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
EPS growth above the market (≥15% QoQ)+41.2% QoQ — Zweig wants growth above the S&P average
Price strength (RS ≥ 70)RS score 84 — Zweig buys strength, not bargains
Failing evidence
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 178.9x — no PEG or forward P/E stored
Insider buyingNo insider buying flagged
Livermore
Watch
B
Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$168.18
Relative strengthRS 84
Failing evidence
Volume vs average0.60x
Pivotal point cleared on expanding volumeNot confirmed
Darvas
Watch
B
Box-theory read: constructive evidence is present, but volume vs average is unresolved.
mediumBuilding the top of the box (7.7% from 52W high) — watch for a box breakout with volume expansion.
Passing evidence
Price$168.18
Relative strengthRS 84
Failing evidence
Volume vs average0.60x
Box top broken on heavy volumeNot confirmed
Wyckoff
Watch
B
Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$168.18
Relative strengthRS 84
Failing evidence
Volume vs average0.60x
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
Base & Breakout
Breakout follow-through
No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?
Latest candle: Doji — Open and close nearly equal — indecision. After a strong move it can signal a pause or pending reversal; wait for confirmation.
RS Line vs SPY
52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
▲ Rising
Accumulation / Distribution
last 65 sessions · green = acc on high vol · red = dist on high vol
Net +3
Fundamentals & leadership quality — Minervini’s published criteria · 6/7 met
A
6/7 criteria
Separate score from the Minervini Trend Template (7/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ
+41%
Revenue growth ≥20% YoY
+30%
Gross margin ≥30%
48%
ROE ≥17%
10%
RS rating ≥80 (leadership)
84
Stage 2 uptrend (Weinstein)
Stage 2
Within 25% of 52W high
-7.7%
Method Playbook
Trade it like Wyckoff
EXACT LEVELS · PRO
Wyckoff B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro levelPublished-method rule: Use the Spring/test, Sign of Strength, creek, or Last Point of Support boundary identified by the active structure.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro levelPublished-method rule: Require a completed test or Sign of Strength/Last Point of Support confirmation with improving demand versus supply.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro levelPublished-method rule: Start below the Spring/test low or structural support whose failure would invalidate the accumulation read.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-basedPublished-method rule: Raise protection beneath successive Last Points of Support or meaningful higher lows during markup; never loosen it.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro levelPublished-method rule: Exit on a failed Sign of Strength, support loss, or clear supply-dominant reversal such as an upthrust failure.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
The published-method workflow is public. Unlock exact pivot, entry, stop, target, and sizing with Pro →
Forming Patterns (predictive — not confirmed)
Inverse Head & Shoulders
bullish
forming
80%
built
Possible inverse head & shoulders — not confirmed. Watch for a daily close above ~189.01 (neckline) to confirm, with a measured move toward ~253.99. A drop under the right shoulder near 163.25 weakens the structure; a close below the head near 124.03 invalidates it.
Confirms above
189.01
Invalidates at
124.03
Left Shoulder
144.12
Head
124.03
Right Shoulder
163.25
Neckline
189.01
Target
253.99
LS 144.12 / head 124.03 / RS 163.25, neckline ~189.01, 11.0% below confirmation
Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.
Pattern Analysis
Cup & Handle
Historical replay: +20% before −8% within 40 sessions: 16% (n=376) · source bars 2024-11-01–2026-10-26 · avg +0.3% per setup (+0.03R)
⚠ Late-stage base (#5)
⚠ Not actionable yet
55
setup score
RS Score
84
Trend template
7/8
CANSLIM
73.9* (B)
21.6% cup depth
7.2% handle
rims outside 10% ideal
- Cup 21.6% deep from a $158.11 left rim to a $124.03 low
- Rims 14.4% apart (accepted, but outside the 10% ideal)
- Handle pulled back 7.2% over 1 bar from $178.28 to $165.40
- Handle sits in the upper half of the cup
- Rounded U-shaped bottom
- Pivot $180.88 fixed at the handle high
- No close above the pivot yet
- Volume dried up in the handle
Raw detector evidence · confidence is a heuristic match score, not a probability
depth=21.6%, handle_pb=7.2%, lips_diff=14.4%, upper_half=yes, u_shape=yes, near_pivot=no, orderly=yes | Strong trend (7/8) | Top RS (84) | High-confidence pattern (72%) | Power Trend | Stage 2 | Readiness 46/100 (early) | CANSLIM 73.9 (B) | ⚠ Late-stage base (#5); Not actionable yet
setup_key=cup_handle|2026-09-10|2026-10-12|180.88 · cup_handle/2026-10-03
anchors={"bottom": {"bar": 37, "bars_ago": 32, "date": "2026-09-10", "price": 124.03}, "breakout": null, "handle_high": {"bar": 66, "bars_ago": 3, "date": "2026-10-21", "price": 178.28}, "handle_low": {"bar": 67, "bars_ago": 2, "date": "2026-10-22", "price": 165.4}, "left_lip": {"bar": 18, "bars_ago": 51, "date": "2026-08-13", "price": 158.108}, "right_lip": {"bar": 59, "bars_ago": 10, "date": "2026-10-12", "price": 180.88}}
Why This Setup?
Cup & Handle · schematic
depth=21.6%, handle_pb=7.2%, lips_diff=14.4%, upper_half=yes, u_shape=yes, near_pivot=no, orderly=yes | Strong trend (7/8) | Top RS (84) | High-confidence pattern (72%) | Power Trend | Stage 2 | Readiness 46/100 (early) | CANSLIM 73.9 (B) | ⚠ Late-stage base (#5); Not actionable yet
The Universal Edge Check · context only
What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.
4/7
universals met
- Clear of earnings — not met in 6 days — event risk
- A relative-strength leader — partly met RS rank 66 — middling
- Volume confirms — partly met 0.6× average — light
- Asymmetric reward — met Met — levels are a Pro detail
- In a confirmed uptrend — met Stage 2 · Trend template 7/8
- Not chasing (in range) — met Met — levels are a Pro detail
- Risk is defined — met Met — levels are a Pro detail
Minervini Trend Template
7/8Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.
Price above SMA 150 & 200
$168.18 vs SMA150 $129.87 / SMA200 $129.88
SMA 150 above SMA 200
SMA150 $129.87 vs SMA200 $129.88
SMA 200 trending up
Slope +0.03 over 20 days
SMA 50 above SMA 150 & 200
SMA50 $151.39
Price above SMA 50
$168.18 vs SMA50 $151.39
30%+ above 52-week low
+78.9% from $94.00
Within 25% of 52-week high
-7.7% from $182.19
RS score above 70
RS 84
Fundamentals
52W Range
84%
Mkt Cap SEC
164.1B
EPS QoQ
+41%
Rev YoY
+30%
ROE
10%
Gross Margin
48%
D/E
0.00
EPS TTM
$0.94
P/E TTM
178.9x
Insider
No Buy
Company
Company profile
Shopify Inc.
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
B
73.9* CANSLIM
* disqualified on M
C · Curr. EPS
100
A · Annual EPS
80
N · New Highs
100
S · Supply/Demand
55
L · Leader RS
84
I · Inst. Spons.
100
M · Market
30
Weekly Context
Multi-timeframe signals from weekly barsW. Trend
8/8
W. RS
88
W. Support
$94.00
W. Resist
$180.88
Weekly Structure
Trend
Neutral
Tight Weeks
0
Confirmation
Neutral
Scan History
20× streakOct 27
Cup & Handle
✓ Gate
55
Oct 26
Cup & Handle
✓ Gate
80
0.0%
Oct 26
Cup & Handle
✓ Gate
79
0.0%
Oct 23
Cup & Handle
✓ Gate
77
-0.3%
Oct 23
Cup & Handle
✓ Gate
55
-0.3%
Latest News
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