The buy signal matures, structure holds
Shopify stock slips 3.3% after three straight weekly gains, but the structure holds
Our view last week
Shopify stock closes the 6th week of its buy signal with a modest +1.8%, after last week's explosive surge that cleared the moving averages and the Bollinger Band in one move. Price stays compressed near the highs, with the last bar coming in weak, a sign of a digestion pause; on the daily chart a sequence of higher lows from the 111 area to the 149 area still backs the bullish case. The trade is already up 29.18%.
This week's summary
Shopify stock slips 3.3% this week, snapping a three-week winning streak, with mixed rejection candles pointing to a pause. Underneath, the picture stays solid: ADX, the MACD histogram and money flow have all been rising for three weeks, and momentum has been building for seven. The buy signal is in its 7th week and ranks 25th among US Longs, with a signal strength of 74 out of 100.
IQS Phase
72
in tension
Signal Strength
74
high · wide & volatile
Sizing
FULL
Ranking
#25 / 167
US stocks in progress
Trade P&L %
+24.94%
from signal to date, no stop loss
Rank position
ranks 25th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 74 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
SHOP belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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