US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

12 hoursBearish78%
12h Downside probability 78%Bearish

SHOP 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $121.92 and stabilize above resistance $133.4.

Invalidation Trigger

Break above $133.4 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 43.8, MACD -0.787

12h
Volatility EnvironmentRange
Medium volatility

ATR is $4.61 (3.93%)

12h

EMA Structure

Range
EMA 8$121.12Bearish
EMA 21$121.92Bearish
EMA 50$120.44Bearish

Signals

CategoryReadStrength
Momentum
RSI 43.8 · MACD -0.787

Momentum is weak

Strength
Bearish
Volatility
ATR $4.61 · BB 18.52%

Medium volatility

Strength
Range
Volume
MFI 43.7 · OBV -36.41%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$111.16 - $133.4

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+17.56% · 4.5 ATR above latest close

$138.01
Nearest resistance

+13.63% · 3.5 ATR above · 34-bar high

$133.4
Current price

Price shown is delayed

$117.4
Nearest support

-5.31% · 1.4 ATR below · 34-bar low

$111.16
Deeper support zone

-9.24% · 2.4 ATR below latest close

$106.55
ATR zone

Latest close ± ATR14

$112.79 - $122.01

Indicators

Trend

Dow Theory Structure

Confirmation $133.4, invalidation $116

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

13.9 / 34.0 / 20.2Bullish
Supertrend (10,3)

Price is above Supertrend

$106.22Bullish
Ichimoku Cloud

Cloud Span A / Span B

$123.49 / $122.2Bearish
Donchian Channel (20)

20-period breakout channel position

28%Bearish

Volatility

ATR (14)

Medium volatility

$4.61 (3.93%)Range
Bollinger Bands (20,2)

Width 18.52%

32%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$130.67 / $113.18Range
ATR channel lower / upper

Current Volatility Envelope

$112.79 / $122.01Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$133.4Range
Support

Nearest Downside Decision Level

$111.16Range

Momentum

RSI (14)

Momentum is weak

43.8Bearish
MACD (12,26,9)

Histogram is negative

-0.787Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.7 / 31.1Bearish
Williams %R (14)

Neutral zone

-72.3Range
CCI (20)

Balanced zone

-46.0Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

43.7Bearish
OBV slope

20-period OBV slope

-36.41%Bearish
Volume ratio

Relative to 20-period average volume

1.97xBullish

Trend

Dow Theory Structure

Confirmation $133.4, invalidation $116

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

13.9 / 34.0 / 20.2Bullish
Supertrend (10,3)

Price is above Supertrend

$106.22Bullish
Ichimoku Cloud

Cloud Span A / Span B

$123.49 / $122.2Bearish
Donchian Channel (20)

20-period breakout channel position

28%Bearish

Momentum

RSI (14)

Momentum is weak

43.8Bearish
MACD (12,26,9)

Histogram is negative

-0.787Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.7 / 31.1Bearish
Williams %R (14)

Neutral zone

-72.3Range
CCI (20)

Balanced zone

-46.0Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Medium volatility

$4.61 (3.93%)Range
Bollinger Bands (20,2)

Width 18.52%

32%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$130.67 / $113.18Range
ATR channel lower / upper

Current Volatility Envelope

$112.79 / $122.01Range

Volume / Money Flow

MFI (14)

Money flow is weak

43.7Bearish
OBV slope

20-period OBV slope

-36.41%Bearish
Volume ratio

Relative to 20-period average volume

1.97xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$133.4Range
Support

Nearest Downside Decision Level

$111.16Range

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