US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 dayBearish81%
Daily Downside probability 81%Bearish

SHOP 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $139.13 and stabilize above resistance $158.87.

Invalidation Trigger

Break above $158.87 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 39.4, MACD -3.312

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $5.73 (4.45%)

Daily

EMA Structure

Range
EMA 8$133.99Bearish
EMA 21$139.13Bearish
EMA 50$135.43Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.4 · MACD -3.312

Momentum is weak

Strength
Bearish
Volatility
ATR $5.73 · BB 25.03%

Medium volatility

Strength
Range
Volume
MFI 50.6 · OBV -16.22%

Relative to 20-period average volume

Strength
Range
Price Levels
$115.27 - $158.87

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+27.81% · 6.2 ATR above latest close

$164.6
Nearest resistance

+23.36% · 5.2 ATR above · 34-bar high

$158.87
Current price

Price shown is delayed

$128.79
Nearest support

-10.5% · 2.4 ATR below · 34-bar low

$115.27
Deeper support zone

-14.95% · 3.4 ATR below latest close

$109.54
ATR zone

Latest close ± ATR14

$123.06 - $134.52

Indicators

Trend

Dow Theory Structure

Confirmation $124.03, invalidation $149.43

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

23.9 / 23.5 / 42.4Bearish
Supertrend (10,3)

Price is above Supertrend

$112.18Bullish
Ichimoku Cloud

Cloud Span A / Span B

$139.09 / $134.96Bearish
Donchian Channel (20)

20-period breakout channel position

15%Bearish

Volatility

ATR (14)

Medium volatility

$5.73 (4.45%)Range
Bollinger Bands (20,2)

Width 25.03%

9%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$151.06 / $127.06Range
ATR channel lower / upper

Current Volatility Envelope

$123.06 / $134.52Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$158.87Range
Support

Nearest Downside Decision Level

$115.27Range

Momentum

RSI (14)

Momentum is weak

39.4Bearish
MACD (12,26,9)

Histogram is negative

-3.312Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.7 / 12.4Bullish
Williams %R (14)

Oversold zone

-85.3Bullish
CCI (20)

Weak expansion

-135.4Bearish
TD Sequential

Exhaustion setup is near completion

buy 10Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.6Range
OBV slope

20-period OBV slope

-16.22%Bearish
Volume ratio

Relative to 20-period average volume

1.82xBullish

Trend

Dow Theory Structure

Confirmation $124.03, invalidation $149.43

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

23.9 / 23.5 / 42.4Bearish
Supertrend (10,3)

Price is above Supertrend

$112.18Bullish
Ichimoku Cloud

Cloud Span A / Span B

$139.09 / $134.96Bearish
Donchian Channel (20)

20-period breakout channel position

15%Bearish

Momentum

RSI (14)

Momentum is weak

39.4Bearish
MACD (12,26,9)

Histogram is negative

-3.312Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.7 / 12.4Bullish
Williams %R (14)

Oversold zone

-85.3Bullish
CCI (20)

Weak expansion

-135.4Bearish
TD Sequential

Exhaustion setup is near completion

buy 10Bullish

Volatility

ATR (14)

Medium volatility

$5.73 (4.45%)Range
Bollinger Bands (20,2)

Width 25.03%

9%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$151.06 / $127.06Range
ATR channel lower / upper

Current Volatility Envelope

$123.06 / $134.52Range

Volume / Money Flow

MFI (14)

Money flow is neutral

50.6Range
OBV slope

20-period OBV slope

-16.22%Bearish
Volume ratio

Relative to 20-period average volume

1.82xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$158.87Range
Support

Nearest Downside Decision Level

$115.27Range

Related Forecasts