US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 dayBearish74%
Daily Downside probability 74%Bearish

SHOP 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $110.12 and stabilize above resistance $124.62.

Invalidation Trigger

Break above $124.62 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 46.2, MACD -0.295

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $5.11 (4.75%)

Daily

EMA Structure

Bearish
EMA 8$108.99Bearish
EMA 21$110.12Bearish
EMA 50$113.16Bearish

Signals

CategoryReadStrength
Momentum
RSI 46.2 · MACD -0.295

Neutral zone

Strength
Bearish
Volatility
ATR $5.11 · BB 16.79%

Medium volatility

Strength
Range
Volume
MFI 50.4 · OBV 4.40%

Relative to 20-period average volume

Strength
Range
Price Levels
$94.02 - $124.62

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+20.52% · 4.3 ATR above latest close

$129.73
Nearest resistance

+15.77% · 3.3 ATR above · 34-bar high

$124.62
Current price

Price shown is delayed

$107.64
Nearest support

-12.65% · 2.7 ATR below · 34-bar low

$94.02
Deeper support zone

-17.4% · 3.7 ATR below latest close

$88.91
ATR zone

Latest close ± ATR14

$102.53 - $112.75

Indicators

Trend

Dow Theory Structure

Confirmation $115.29, invalidation $104.14

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

Trend strength is active

27.2 / 15.2 / 29.8Bearish
Supertrend (10,3)

Price is above Supertrend

$93.65Bullish
Ichimoku Cloud

Cloud Span A / Span B

$110.02 / $115.63Bearish
Donchian Channel (20)

20-period breakout channel position

24%Range

Volatility

ATR (14)

Medium volatility

$5.11 (4.75%)Range
Bollinger Bands (20,2)

Width 16.79%

29%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$119.94 / $100.16Range
ATR channel lower / upper

Current Volatility Envelope

$102.53 / $112.75Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$124.62Range
Support

Nearest Downside Decision Level

$94.02Range

Momentum

RSI (14)

Neutral zone

46.2Range
MACD (12,26,9)

Histogram is negative

-0.295Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

25.7 / 20.4Bullish
Williams %R (14)

Neutral zone

-74.3Range
CCI (20)

Balanced zone

-62.6Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.4Range
OBV slope

20-period OBV slope

4.40%Bullish
Volume ratio

Relative to 20-period average volume

1.16xBullish

Trend

Dow Theory Structure

Confirmation $115.29, invalidation $104.14

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

Trend strength is active

27.2 / 15.2 / 29.8Bearish
Supertrend (10,3)

Price is above Supertrend

$93.65Bullish
Ichimoku Cloud

Cloud Span A / Span B

$110.02 / $115.63Bearish
Donchian Channel (20)

20-period breakout channel position

24%Range

Momentum

RSI (14)

Neutral zone

46.2Range
MACD (12,26,9)

Histogram is negative

-0.295Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

25.7 / 20.4Bullish
Williams %R (14)

Neutral zone

-74.3Range
CCI (20)

Balanced zone

-62.6Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Medium volatility

$5.11 (4.75%)Range
Bollinger Bands (20,2)

Width 16.79%

29%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$119.94 / $100.16Range
ATR channel lower / upper

Current Volatility Envelope

$102.53 / $112.75Range

Volume / Money Flow

MFI (14)

Money flow is neutral

50.4Range
OBV slope

20-period OBV slope

4.40%Bullish
Volume ratio

Relative to 20-period average volume

1.16xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$124.62Range
Support

Nearest Downside Decision Level

$94.02Range

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