US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

12 hoursRange51%
12h Range probability 98%Range

SHOP 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Break either side of $148 - $180.02 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

12h
Momentum StateRange
Momentum mixed

RSI 51.8, MACD -1.415

12h
Volatility EnvironmentRange
Medium volatility

ATR is $6.02 (3.56%)

12h

EMA Structure

Bullish
EMA 8$170.99Bearish
EMA 21$169.76Bearish
EMA 50$161.98Bullish

Signals

CategoryReadStrength
Momentum
RSI 51.8 · MACD -1.415

Neutral zone

Strength
Range
Volatility
ATR $6.02 · BB 7.94%

Medium volatility

Strength
Range
Volume
MFI 48.1 · OBV 4.66%

Relative to 20-period average volume

Strength
Range
Price Levels
$148 - $180.02

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+9.91% · 2.8 ATR above latest close

$186.04
Nearest resistance

+6.35% · 1.8 ATR above · 34-bar high

$180.02
Current price

Price shown is delayed

$169.27
Nearest support

-12.57% · 3.5 ATR below · 34-bar low

$148
Deeper support zone

-16.12% · 4.5 ATR below latest close

$141.98
ATR zone

Latest close ± ATR14

$163.25 - $175.29

Indicators

Trend

Dow Theory Structure

Confirmation $178.5, invalidation $168.61

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

11.6 / 25.0 / 19.9Bullish
Supertrend (10,3)

Price is above Supertrend

$152.86Bullish
Ichimoku Cloud

Cloud Span A / Span B

$171.56 / $153.42Bearish
Donchian Channel (20)

20-period breakout channel position

36%Range

Volatility

ATR (14)

Medium volatility

$6.02 (3.56%)Range
Bollinger Bands (20,2)

Width 7.94%

24%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$180.13 / $159.87Range
ATR channel lower / upper

Current Volatility Envelope

$163.25 / $175.29Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$180.02Range
Support

Nearest Downside Decision Level

$148Range

Momentum

RSI (14)

Neutral zone

51.8Range
MACD (12,26,9)

Histogram is negative

-1.415Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.9 / 35.8Bullish
Williams %R (14)

Neutral zone

-64.1Range
CCI (20)

Weak expansion

-125.9Bearish
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.1Range
OBV slope

20-period OBV slope

4.66%Bullish
Volume ratio

Relative to 20-period average volume

0.40xBearish

Trend

Dow Theory Structure

Confirmation $178.5, invalidation $168.61

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

11.6 / 25.0 / 19.9Bullish
Supertrend (10,3)

Price is above Supertrend

$152.86Bullish
Ichimoku Cloud

Cloud Span A / Span B

$171.56 / $153.42Bearish
Donchian Channel (20)

20-period breakout channel position

36%Range

Momentum

RSI (14)

Neutral zone

51.8Range
MACD (12,26,9)

Histogram is negative

-1.415Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.9 / 35.8Bullish
Williams %R (14)

Neutral zone

-64.1Range
CCI (20)

Weak expansion

-125.9Bearish
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Medium volatility

$6.02 (3.56%)Range
Bollinger Bands (20,2)

Width 7.94%

24%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$180.13 / $159.87Range
ATR channel lower / upper

Current Volatility Envelope

$163.25 / $175.29Range

Volume / Money Flow

MFI (14)

Money flow is neutral

48.1Range
OBV slope

20-period OBV slope

4.66%Bullish
Volume ratio

Relative to 20-period average volume

0.40xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$180.02Range
Support

Nearest Downside Decision Level

$148Range

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