US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 weekBearish92%
Weekly Downside probability 92%Bearish

SHOP 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $118.43 and stabilize above resistance $178.25.

Invalidation Trigger

Break above $178.25 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 43.0, MACD -0.372

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $14.19 (13.18%)

Weekly

EMA Structure

Bearish
EMA 8$110.67Bearish
EMA 21$118.43Bearish
EMA 50$123.56Bearish

Signals

CategoryReadStrength
Momentum
RSI 43.0 · MACD -0.372

Momentum is weak

Strength
Bearish
Volatility
ATR $14.19 · BB 30.63%

High volatility

Strength
Bearish
Volume
MFI 42.8 · OBV -10.49%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$94.02 - $178.25

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+78.78% · 6.0 ATR above latest close

$192.44
Nearest resistance

+65.6% · 5.0 ATR above · 34-bar high

$178.25
Current price

Price shown is delayed

$107.64
Nearest support

-12.65% · 1.0 ATR below · 34-bar low

$94.02
Deeper support zone

-25.84% · 2.0 ATR below latest close

$79.83
ATR zone

Latest close ± ATR14

$93.45 - $121.83

Indicators

Trend

Dow Theory Structure

Confirmation $94.02, invalidation $124.62

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

Trend strength is active

31.5 / 16.8 / 18.8Bearish
Supertrend (10,3)

Price is above Supertrend

$67.5Bullish
Ichimoku Cloud

Cloud Span A / Span B

$122.07 / $138.1Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bearish

Volatility

ATR (14)

High volatility

$14.19 (13.18%)Bearish
Bollinger Bands (20,2)

Width 30.63%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$144.9 / $90.91Bearish
ATR channel lower / upper

Current Volatility Envelope

$93.45 / $121.83Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$178.25Range
Support

Nearest Downside Decision Level

$94.02Range

Momentum

RSI (14)

Momentum is weak

43.0Bearish
MACD (12,26,9)

Histogram is negative

-0.372Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

31.5 / 32.9Bearish
Williams %R (14)

Neutral zone

-68.5Range
CCI (20)

Balanced zone

-93.5Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

42.8Bearish
OBV slope

20-period OBV slope

-10.49%Bearish
Volume ratio

Relative to 20-period average volume

0.19xBearish

Trend

Dow Theory Structure

Confirmation $94.02, invalidation $124.62

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

Trend strength is active

31.5 / 16.8 / 18.8Bearish
Supertrend (10,3)

Price is above Supertrend

$67.5Bullish
Ichimoku Cloud

Cloud Span A / Span B

$122.07 / $138.1Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bearish

Momentum

RSI (14)

Momentum is weak

43.0Bearish
MACD (12,26,9)

Histogram is negative

-0.372Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

31.5 / 32.9Bearish
Williams %R (14)

Neutral zone

-68.5Range
CCI (20)

Balanced zone

-93.5Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$14.19 (13.18%)Bearish
Bollinger Bands (20,2)

Width 30.63%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$144.9 / $90.91Bearish
ATR channel lower / upper

Current Volatility Envelope

$93.45 / $121.83Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

42.8Bearish
OBV slope

20-period OBV slope

-10.49%Bearish
Volume ratio

Relative to 20-period average volume

0.19xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$178.25Range
Support

Nearest Downside Decision Level

$94.02Range

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