Shopify Inc

SHOP remains in a Stage 2 advancing uptrend with higher highs and higher lows intact, supported by rising EMAs and expanding volume. The medium-term bias is bullish, reinforced by the Higher Highs & Higher Lows pattern, and short-term timing favors buying now on shallow pullbacks into the rising 9 and 21 EMAs for continuation participation despite an overbought context.

• ↑Q1 revenue up 34% YoY to $3.2B; GMV rose 35% to $101B
• ↑Sidekick AI adoption jumped 385% YoY, boosting merchant productivity
• ↓Negative earnings yield underscores valuation concerns