US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 hourBearish57%
1h Downside probability 57%Bearish

SHOP 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $169.51 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

1h
Momentum StateBullish
Momentum improving

RSI 47.8, MACD 0.211

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.53 (0.9%)

1h

EMA Structure

Bearish
EMA 8$168.79Bullish
EMA 21$169.51Bearish
EMA 50$170.97Bearish

Signals

CategoryReadStrength
Momentum
RSI 47.8 · MACD 0.211

Neutral zone

Strength
Bullish
Volatility
ATR $1.53 · BB 2.93%

Low volatility

Strength
Bullish
Volume
MFI 76.8 · OBV -2.89%

Relative to 20-period average volume

Strength
Range
Price Levels
$166.09 - $178.5

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+6.35% · 7.0 ATR above latest close

$180.03
Nearest resistance

+5.45% · 6.0 ATR above · 34-bar high

$178.5
Current price

Price shown is delayed

$169.27
Nearest support

-1.88% · 2.1 ATR below · 34-bar low

$166.09
Deeper support zone

-2.78% · 3.1 ATR below latest close

$164.56
ATR zone

Latest close ± ATR14

$167.74 - $170.8

Indicators

Trend

Dow Theory Structure

Confirmation $170.01, invalidation $166.09

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

Trend strength is moderate

15.2 / 22.4 / 16.2Bullish
Supertrend (10,3)

Price is above Supertrend

$163.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$169.71 / $172.3Bearish
Donchian Channel (20)

20-period breakout channel position

45%Bearish

Volatility

ATR (14)

Low volatility

$1.53 (0.9%)Bullish
Bollinger Bands (20,2)

Width 2.93%

58%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$173.2 / $165.68Bullish
ATR channel lower / upper

Current Volatility Envelope

$167.74 / $170.8Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$178.5Range
Support

Nearest Downside Decision Level

$166.09Range

Momentum

RSI (14)

Neutral zone

47.8Range
MACD (12,26,9)

Histogram is positive

0.211Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

81.2 / 79.7Bullish
Williams %R (14)

Overbought zone

-18.8Bearish
CCI (20)

Balanced zone

30.8Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

76.8Bullish
OBV slope

20-period OBV slope

-2.89%Bearish
Volume ratio

Relative to 20-period average volume

0.51xBearish

Trend

Dow Theory Structure

Confirmation $170.01, invalidation $166.09

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

Trend strength is moderate

15.2 / 22.4 / 16.2Bullish
Supertrend (10,3)

Price is above Supertrend

$163.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$169.71 / $172.3Bearish
Donchian Channel (20)

20-period breakout channel position

45%Bearish

Momentum

RSI (14)

Neutral zone

47.8Range
MACD (12,26,9)

Histogram is positive

0.211Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

81.2 / 79.7Bullish
Williams %R (14)

Overbought zone

-18.8Bearish
CCI (20)

Balanced zone

30.8Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Low volatility

$1.53 (0.9%)Bullish
Bollinger Bands (20,2)

Width 2.93%

58%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$173.2 / $165.68Bullish
ATR channel lower / upper

Current Volatility Envelope

$167.74 / $170.8Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

76.8Bullish
OBV slope

20-period OBV slope

-2.89%Bearish
Volume ratio

Relative to 20-period average volume

0.51xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$178.5Range
Support

Nearest Downside Decision Level

$166.09Range

Related Forecasts