US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

4 hoursBearish92%
4h Downside probability 92%Bearish

SHOP 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $121.26 and stabilize above resistance $133.4.

Invalidation Trigger

Break above $133.4 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 41.1, MACD -1.014

4h
Volatility EnvironmentRange
Medium volatility

ATR is $3.05 (2.6%)

4h

EMA Structure

Bearish
EMA 8$118.92Bearish
EMA 21$121.26Bearish
EMA 50$121.77Bearish

Signals

CategoryReadStrength
Momentum
RSI 41.1 · MACD -1.014

Momentum is weak

Strength
Bearish
Volatility
ATR $3.05 · BB 18.24%

Medium volatility

Strength
Range
Volume
MFI 10.2 · OBV -13.60%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$111.16 - $133.4

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+16.23% · 6.2 ATR above latest close

$136.45
Nearest resistance

+13.63% · 5.2 ATR above · 34-bar high

$133.4
Current price

Price shown is delayed

$117.4
Nearest support

-5.31% · 2.0 ATR below · 34-bar low

$111.16
Deeper support zone

-7.91% · 3.0 ATR below latest close

$108.11
ATR zone

Latest close ± ATR14

$114.35 - $120.45

Indicators

Trend

Dow Theory Structure

Confirmation $116, invalidation $122.03

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

Trend strength is active

43.0 / 15.0 / 33.4Bearish
Supertrend (10,3)

Price is above Supertrend

$109.38Bullish
Ichimoku Cloud

Cloud Span A / Span B

$121.23 / $122.28Bearish
Donchian Channel (20)

20-period breakout channel position

8%Bearish

Volatility

ATR (14)

Medium volatility

$3.05 (2.6%)Range
Bollinger Bands (20,2)

Width 18.24%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$126.52 / $115.84Range
ATR channel lower / upper

Current Volatility Envelope

$114.35 / $120.45Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$133.4Range
Support

Nearest Downside Decision Level

$111.16Range

Momentum

RSI (14)

Momentum is weak

41.1Bearish
MACD (12,26,9)

Histogram is negative

-1.014Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

8.0 / 8.4Bearish
Williams %R (14)

Oversold zone

-92.0Bullish
CCI (20)

Balanced zone

-94.8Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

10.2Bearish
OBV slope

20-period OBV slope

-13.60%Bearish
Volume ratio

Relative to 20-period average volume

1.38xBullish

Trend

Dow Theory Structure

Confirmation $116, invalidation $122.03

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

Trend strength is active

43.0 / 15.0 / 33.4Bearish
Supertrend (10,3)

Price is above Supertrend

$109.38Bullish
Ichimoku Cloud

Cloud Span A / Span B

$121.23 / $122.28Bearish
Donchian Channel (20)

20-period breakout channel position

8%Bearish

Momentum

RSI (14)

Momentum is weak

41.1Bearish
MACD (12,26,9)

Histogram is negative

-1.014Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

8.0 / 8.4Bearish
Williams %R (14)

Oversold zone

-92.0Bullish
CCI (20)

Balanced zone

-94.8Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Medium volatility

$3.05 (2.6%)Range
Bollinger Bands (20,2)

Width 18.24%

20%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$126.52 / $115.84Range
ATR channel lower / upper

Current Volatility Envelope

$114.35 / $120.45Range

Volume / Money Flow

MFI (14)

Money flow is weak

10.2Bearish
OBV slope

20-period OBV slope

-13.60%Bearish
Volume ratio

Relative to 20-period average volume

1.38xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$133.4Range
Support

Nearest Downside Decision Level

$111.16Range

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