{"ticker": {"uuid": "212b5eb0-e929-489c-ae7d-86b289ad5210", "symbol": "SHOPN", "name": "Shopify Inc.", "exchange": "MEX", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "SHOPN closed the latest completed week at 1,870 MXN. The 4-week return is 7.3% and the 12-week return is -10.4%. Trend Signal is inactive, Market Dynamics is -0.21.", "description": "Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline. In addition, the company engages in the sale of themes and apps; shipping labels through Shopify Shipping; point-of-sale hardware; advertising on the Shopify App Store; and Shop Campaigns for buyer acquisitions, as well as registration of domain names. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is based in Ottawa, Canada.", "setup_signature": "Risk-first tape", "composite_score": "20", "kpis": [{"label": "Latest Close", "value": "1,870 MXN", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-1.7%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "7.3%", "tone": "positive", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-10.4%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "46.2%", "hint": "24 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.1x", "hint": "vs 13-week average"}], "classification": {"exchange": "MEX", "country": "MX", "sector": "Technology", "industry": "Software - Application", "currency": "MXN", "market_cap": "2792.6B"}, "price": {"trend_line": "2,312 MXN", "fair_value": "1,804 MXN", "vs_trend": "-19.1%", "vs_fair_value": "3.6%", "high_52": "3,340 MXN", "low_52": "1,625 MXN", "drawdown": "-44.0%", "range_position": "14.3%"}, "momentum": {"returns": [{"label": "1W", "value": -1.699492556379638, "value_label": "-1.7%", "tone": "negative", "width": 4.855693018227536}, {"label": "4W", "value": 7.286288009179575, "value_label": "7.3%", "tone": "positive", "width": 20.817965740513074}, {"label": "12W", "value": -10.354745925215724, "value_label": "-10.4%", "tone": "negative", "width": 29.58498835775921}, {"label": "26W", "value": -36.71742808798646, "value_label": "-36.7%", "tone": "negative", "width": 100}, {"label": "52W", "value": -6.406406406406406, "value_label": "-6.4%", "tone": "negative", "width": 18.304018304018303}], "trend_streak": 0, "active_weeks": 24, "active_breadth": "46.2%", "peer": {"scope": "MX Technology", "count": 148, "rank": 83, "percentile": 44.21768707482994, "avg_weekly_return": -1.381427250131861}}, "setup": {"scores": [{"label": "Trend", "value": 25.384615384615387, "value_label": "25", "width": 25.384615384615387, "tone": "negative", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 57.43919108841887, "value_label": "57", "width": 57.43919108841887, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 33.77105239951007, "value_label": "34", "width": 33.77105239951007, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 5.831971284579964, "value_label": "6", "width": 5.831971284579964, "tone": "negative", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": 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false, "buy_signal": false, "positive_md": false, "height": 37.03703703703704}, {"week": "10 Apr", "return": -9.456264775413711, "return_label": "-9.5%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 78.80220646178093}, {"week": "17 Apr", "return": 19.007832898172325, "return_label": "19.0%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 100}, {"week": "24 Apr", "return": -4.3703421676173715, "return_label": "-4.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 36.419518063478094}, {"week": "1 May", "return": -2.7255164114438006, "return_label": "-2.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 22.71263676203167}, {"week": "8 May", "return": -11.79245283018868, "return_label": "-11.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 98.27044025157234}, {"week": "15 May", "return": -6.79144385026738, "return_label": "-6.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 56.595365418894836}, {"week": "22 May", "return": 4.509465060240962, "return_label": "4.5%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 37.57887550200802}, {"week": "29 May", "return": 13.120340642780064, "return_label": "13.1%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 100}, {"week": "5 Jun", "return": -7.680779116414459, "return_label": "-7.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 64.00649263678716}, {"week": "12 Jun", "return": -1.699492556379638, "return_label": "-1.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 14.162437969830316}]}, "groups": {"sector": {"scope": "MX Technology", "count": 100, "avg_weekly_return": -1.4731722015971143, 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"/terminal/d43af231-21c8-4488-966a-64e25855c512/report/", "weekly_return": -1.1793613823094065, "weekly_return_label": "-1.2%", "weekly_return_tone": "negative", "four_week_return": 63.25004221555596, "four_week_return_label": "63.3%", "four_week_return_tone": "positive", "twelve_week_return": 138.2286387687206, "twelve_week_return_label": "138.2%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 47743, "symbol": "MRVL1", "name": "Marvell Technology, Inc.", "exchange": "MEX", "url": "/terminal/665c9692-3a84-4411-9748-4dbb11dc1bff/report/", "weekly_return": 4.152485243707805, "weekly_return_label": "4.2%", "weekly_return_tone": "positive", "four_week_return": 58.31842266225441, "four_week_return_label": "58.3%", "four_week_return_tone": "positive", "twelve_week_return": 212.78857981405488, "twelve_week_return_label": "212.8%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": 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"symbol": "RNG", "name": "RingCentral, Inc.", "exchange": "MEX", "url": "/terminal/c171f7ad-c299-4ed9-b1f3-c18e08c96a1a/report/", "weekly_return": -20.19823949214836, "weekly_return_label": "-20.2%", "weekly_return_tone": "negative", "four_week_return": 31.46343350818804, "four_week_return_label": "31.5%", "four_week_return_tone": "positive", "twelve_week_return": 31.451798379112788, "twelve_week_return_label": "31.5%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 47357, "symbol": "FICO1", "name": "Fair Isaac Corporation", "exchange": "MEX", "url": "/terminal/81bfdfa7-8448-4de0-8f58-87f4d9552db8/report/", "weekly_return": -2.569871866606983, "weekly_return_label": "-2.6%", "weekly_return_tone": "negative", "four_week_return": 18.29288383152174, "four_week_return_label": "18.3%", "four_week_return_tone": "positive", "twelve_week_return": 5.608397016011645, "twelve_week_return_label": "5.6%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "-0.21", "market_dynamics_tone": "negative", "md_4_change": "-155.5%", "relative_strength": "-28.34", "rs_4_change": "17.0%", "expectation": "Undecided", "expectation_probability": "51.94%"}, "volume": {"latest": "1.5K", "average_13": "10.6K", "average_52": "9.2K", "ratio_13": "0.1x", "ratio_52": "0.2x"}, "risk": {"volatility_13": "8.6%", "volatility_52": "8.3%", "downside_weeks": 30, "upside_weeks": 22, "downside_breadth": "57.7%", "average_gain": "7.9%", "average_loss": "-5.4%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-19.1%", "tone": "negative"}, {"label": "Volume", "value": "0.1x", "tone": "neutral"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Market Dynamics is negative, which weakens the current setup.", "The share remains more than 20% below its 52-week high."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "1,870 MXN", "weekly_return": -1.699492556379638, "weekly_return_label": "-1.7%", "weekly_return_tone": "negative", "trend_line": "2,312 MXN", "fair_value": "1,804 MXN", "market_dynamics": "-0.21", "relative_strength": "-28.34", "volume": "1.5K", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "1,902 MXN", "weekly_return": -7.680779116414459, "weekly_return_label": "-7.7%", "weekly_return_tone": "negative", "trend_line": "2,340 MXN", 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