US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 dayBearish91%
Daily Downside probability 91%Bearish

SHOP 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $154.57 and stabilize above resistance $180.41.

Invalidation Trigger

Break above $180.41 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 42.3, MACD -1.976

Daily
Volatility EnvironmentBearish
High volatility

ATR is $8.61 (5.87%)

Daily

EMA Structure

Range
EMA 8$149.45Bearish
EMA 21$154.57Bearish
EMA 50$152.86Bearish

Signals

CategoryReadStrength
Momentum
RSI 42.3 · MACD -1.976

Momentum is weak

Strength
Bearish
Volatility
ATR $8.61 · BB 27.25%

High volatility

Strength
Bearish
Volume
MFI 31.5 · OBV -30.90%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$135.65 - $180.41

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+28.78% · 4.9 ATR above latest close

$189.02
Nearest resistance

+22.91% · 3.9 ATR above · 34-bar high

$180.41
Current price

Price shown is delayed

$146.78
Nearest support

-7.58% · 1.3 ATR below · 34-bar low

$135.65
Deeper support zone

-13.45% · 2.3 ATR below latest close

$127.04
ATR zone

Latest close ± ATR14

$138.17 - $155.39

Indicators

Trend

Dow Theory Structure

Confirmation $171, invalidation $142.1

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

56.1 / 3.6 / 42.8Bearish
Supertrend (10,3)

Price is above Supertrend

$120.55Bullish
Ichimoku Cloud

Cloud Span A / Span B

$151.36 / $152.22Bearish
Donchian Channel (20)

20-period breakout channel position

26%Bearish

Volatility

ATR (14)

High volatility

$8.61 (5.87%)Bearish
Bollinger Bands (20,2)

Width 27.25%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$172.33 / $136.45Bearish
ATR channel lower / upper

Current Volatility Envelope

$138.17 / $155.39Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$180.41Range
Support

Nearest Downside Decision Level

$135.65Range

Momentum

RSI (14)

Momentum is weak

42.3Bearish
MACD (12,26,9)

Histogram is negative

-1.976Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

31.5 / 34.9Bearish
Williams %R (14)

Neutral zone

-68.5Range
CCI (20)

Balanced zone

-73.3Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

31.5Bearish
OBV slope

20-period OBV slope

-30.90%Bearish
Volume ratio

Relative to 20-period average volume

0.74xBearish

Trend

Dow Theory Structure

Confirmation $171, invalidation $142.1

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

56.1 / 3.6 / 42.8Bearish
Supertrend (10,3)

Price is above Supertrend

$120.55Bullish
Ichimoku Cloud

Cloud Span A / Span B

$151.36 / $152.22Bearish
Donchian Channel (20)

20-period breakout channel position

26%Bearish

Momentum

RSI (14)

Momentum is weak

42.3Bearish
MACD (12,26,9)

Histogram is negative

-1.976Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

31.5 / 34.9Bearish
Williams %R (14)

Neutral zone

-68.5Range
CCI (20)

Balanced zone

-73.3Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$8.61 (5.87%)Bearish
Bollinger Bands (20,2)

Width 27.25%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$172.33 / $136.45Bearish
ATR channel lower / upper

Current Volatility Envelope

$138.17 / $155.39Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

31.5Bearish
OBV slope

20-period OBV slope

-30.90%Bearish
Volume ratio

Relative to 20-period average volume

0.74xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$180.41Range
Support

Nearest Downside Decision Level

$135.65Range

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