US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

12 hoursBearish79%
12h Downside probability 79%Bearish

SHOP 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

12h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $151.77 and stabilize above resistance $178.5.

Invalidation Trigger

Break above $178.5 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 41.3, MACD 0.393

12h
Volatility EnvironmentRange
Medium volatility

ATR is $4.9 (3.31%)

12h

EMA Structure

Bearish
EMA 8$148.46Bearish
EMA 21$151.77Bearish
EMA 50$155.68Bearish

Signals

CategoryReadStrength
Momentum
RSI 41.3 · MACD 0.393

Momentum is weak

Strength
Bearish
Volatility
ATR $4.9 · BB 12.06%

Medium volatility

Strength
Range
Volume
MFI 47.6 · OBV -51.33%

Relative to 20-period average volume

Strength
Range
Price Levels
$125 - $178.5

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+23.97% · 7.2 ATR above latest close

$183.4
Nearest resistance

+20.66% · 6.2 ATR above · 34-bar high

$178.5
Current price

Price shown is delayed

$147.94
Nearest support

-15.51% · 4.7 ATR below · 34-bar low

$125
Deeper support zone

-18.82% · 5.7 ATR below latest close

$120.1
ATR zone

Latest close ± ATR14

$143.04 - $152.84

Indicators

Trend

Dow Theory Structure

Confirmation $152.51, invalidation $142.49

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

Trend strength is active

49.5 / 27.4 / 33.8Bearish
Supertrend (10,3)

Price is above Supertrend

$136.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$147.75 / $152.51Bearish
Donchian Channel (20)

20-period breakout channel position

60%Range

Volatility

ATR (14)

Medium volatility

$4.9 (3.31%)Range
Bollinger Bands (20,2)

Width 12.06%

39%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$159.08 / $143.9Range
ATR channel lower / upper

Current Volatility Envelope

$143.04 / $152.84Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$178.5Range
Support

Nearest Downside Decision Level

$125Range

Momentum

RSI (14)

Momentum is weak

41.3Bearish
MACD (12,26,9)

Histogram is positive

0.393Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

61.1 / 66.2Bearish
Williams %R (14)

Neutral zone

-38.9Range
CCI (20)

Balanced zone

-35.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.6Range
OBV slope

20-period OBV slope

-51.33%Bearish
Volume ratio

Relative to 20-period average volume

0.89xBearish

Trend

Dow Theory Structure

Confirmation $152.51, invalidation $142.49

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

Trend strength is active

49.5 / 27.4 / 33.8Bearish
Supertrend (10,3)

Price is above Supertrend

$136.06Bullish
Ichimoku Cloud

Cloud Span A / Span B

$147.75 / $152.51Bearish
Donchian Channel (20)

20-period breakout channel position

60%Range

Momentum

RSI (14)

Momentum is weak

41.3Bearish
MACD (12,26,9)

Histogram is positive

0.393Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

61.1 / 66.2Bearish
Williams %R (14)

Neutral zone

-38.9Range
CCI (20)

Balanced zone

-35.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Medium volatility

$4.9 (3.31%)Range
Bollinger Bands (20,2)

Width 12.06%

39%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$159.08 / $143.9Range
ATR channel lower / upper

Current Volatility Envelope

$143.04 / $152.84Range

Volume / Money Flow

MFI (14)

Money flow is neutral

47.6Range
OBV slope

20-period OBV slope

-51.33%Bearish
Volume ratio

Relative to 20-period average volume

0.89xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$178.5Range
Support

Nearest Downside Decision Level

$125Range

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