Shopify Stock Signal 07/01: Agentic Commerce Innovation
Short Trade Idea
Enter your short position between $160.34 (yesterday’s intra-day low) and $168.92 (yesterday’s intra-day high).
Market Index Analysis
- Shopify (SHOP) is a member of the NASDAQ 100 Index.
- The NASDAQ 100 pushed cautiously higher to start 2026 with the index hitting record highs above 25,060, yet bearish trading volumes are rising. The Relative Strength Index (RSI) has tipped into overbought territory, signalling that buyers are running out of conviction as the rally enters mature late-cycle territory.
- The Bull Bear Power Indicator of the NASDAQ 100 Index is bullish but below its descending trendline, a classic bear divergence that suggests institutional momentum is fading even as the index…
