US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 hourBearish70%
1h Downside probability 70%Bearish

SHOP 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $118.72 and stabilize above resistance $123.34.

Invalidation Trigger

Break above $123.34 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 39.0, MACD 0.123

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.1 (0.94%)

1h

EMA Structure

Bearish
EMA 8$117.86Bearish
EMA 21$118.72Bearish
EMA 50$120.84Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.0 · MACD 0.123

Momentum is weak

Strength
Bearish
Volatility
ATR $1.1 · BB 3.60%

Low volatility

Strength
Bullish
Volume
MFI 7.3 · OBV -3.45%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$116 - $123.34

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+5.99% · 6.4 ATR above latest close

$124.44
Nearest resistance

+5.06% · 5.4 ATR above · 34-bar high

$123.34
Current price

Price shown is delayed

$117.4
Nearest support

-1.19% · 1.3 ATR below · 34-bar low

$116
Deeper support zone

-2.13% · 2.3 ATR below latest close

$114.9
ATR zone

Latest close ± ATR14

$116.3 - $118.5

Indicators

Trend

Dow Theory Structure

Confirmation $116.64, invalidation $118.43

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

Trend strength is active

29.7 / 38.6 / 23.7Bullish
Supertrend (10,3)

Price is above Supertrend

$113.67Bullish
Ichimoku Cloud

Cloud Span A / Span B

$119.41 / $124.7Bearish
Donchian Channel (20)

20-period breakout channel position

15%Bearish

Volatility

ATR (14)

Low volatility

$1.1 (0.94%)Bullish
Bollinger Bands (20,2)

Width 3.60%

31%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$121.12 / $116.15Bullish
ATR channel lower / upper

Current Volatility Envelope

$116.3 / $118.5Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$123.34Range
Support

Nearest Downside Decision Level

$116Range

Momentum

RSI (14)

Momentum is weak

39.0Bearish
MACD (12,26,9)

Histogram is positive

0.123Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.9 / 16.6Bearish
Williams %R (14)

Oversold zone

-85.1Bullish
CCI (20)

Balanced zone

-62.7Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

7.3Bearish
OBV slope

20-period OBV slope

-3.45%Bearish
Volume ratio

Relative to 20-period average volume

4.38xBullish

Trend

Dow Theory Structure

Confirmation $116.64, invalidation $118.43

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

Trend strength is active

29.7 / 38.6 / 23.7Bullish
Supertrend (10,3)

Price is above Supertrend

$113.67Bullish
Ichimoku Cloud

Cloud Span A / Span B

$119.41 / $124.7Bearish
Donchian Channel (20)

20-period breakout channel position

15%Bearish

Momentum

RSI (14)

Momentum is weak

39.0Bearish
MACD (12,26,9)

Histogram is positive

0.123Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

14.9 / 16.6Bearish
Williams %R (14)

Oversold zone

-85.1Bullish
CCI (20)

Balanced zone

-62.7Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$1.1 (0.94%)Bullish
Bollinger Bands (20,2)

Width 3.60%

31%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$121.12 / $116.15Bullish
ATR channel lower / upper

Current Volatility Envelope

$116.3 / $118.5Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

7.3Bearish
OBV slope

20-period OBV slope

-3.45%Bearish
Volume ratio

Relative to 20-period average volume

4.38xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$123.34Range
Support

Nearest Downside Decision Level

$116Range

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