Shopify is showing mixed signals. While there are negative indicators like a sell signal from a recent pivot top and a high P/E ratio, the stock also has positive fundamental signs like strong revenue growth and institutional buying. The current price of $163.74 is approaching a support level at $161.14, which could present a buying opportunity. However, the short-term trend is bearish, with a sell signal from the moving average, while the long-term trend has a buy signal. Given the mixed signals, a cautious approach is advised, with a potential target of $164.50 if support holds, and a stop-loss at $156.55.