US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

12 hoursBullish92%
12h Upside probability 92%Bullish

SHOP 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Hold above $105.97 and reclaim $130.75.

Invalidation Trigger

Lose $105.97 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 58.5, MACD 0.028

12h
Volatility EnvironmentRange
Medium volatility

ATR is $4.44 (3.55%)

12h

EMA Structure

Bullish
EMA 8$123.18Bullish
EMA 21$120.55Bullish
EMA 50$116.87Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.5 · MACD 0.028

Momentum is strong

Strength
Bullish
Volatility
ATR $4.44 · BB 12.08%

Medium volatility

Strength
Range
Volume
MFI 46.1 · OBV 25.91%

Relative to 20-period average volume

Strength
Range
Price Levels
$105.97 - $130.75

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+8.15% · 2.3 ATR above latest close

$135.19
Nearest resistance

+4.6% · 1.3 ATR above · 34-bar high

$130.75
Current price

Price shown is delayed

$125
Nearest support

-15.22% · 4.3 ATR below · 34-bar low

$105.97
Deeper support zone

-18.78% · 5.3 ATR below latest close

$101.53
ATR zone

Latest close ± ATR14

$120.56 - $129.44

Indicators

Trend

Dow Theory Structure

Confirmation $130.75, invalidation $115.34

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

Trend strength is active

22.7 / 26.0 / 19.2Bullish
Supertrend (10,3)

Price is above Supertrend

$108.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$121.96 / $117.43Bullish
Donchian Channel (20)

20-period breakout channel position

69%Bullish

Volatility

ATR (14)

Medium volatility

$4.44 (3.55%)Range
Bollinger Bands (20,2)

Width 12.08%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$130.51 / $110.98Range
ATR channel lower / upper

Current Volatility Envelope

$120.56 / $129.44Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$130.75Range
Support

Nearest Downside Decision Level

$105.97Range

Momentum

RSI (14)

Momentum is strong

58.5Bullish
MACD (12,26,9)

Histogram is positive

0.028Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

62.7 / 52.6Bullish
Williams %R (14)

Neutral zone

-37.3Range
CCI (20)

Balanced zone

69.7Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.1Range
OBV slope

20-period OBV slope

25.91%Bullish
Volume ratio

Relative to 20-period average volume

1.10xBullish

Trend

Dow Theory Structure

Confirmation $130.75, invalidation $115.34

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

Trend strength is active

22.7 / 26.0 / 19.2Bullish
Supertrend (10,3)

Price is above Supertrend

$108.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$121.96 / $117.43Bullish
Donchian Channel (20)

20-period breakout channel position

69%Bullish

Momentum

RSI (14)

Momentum is strong

58.5Bullish
MACD (12,26,9)

Histogram is positive

0.028Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

62.7 / 52.6Bullish
Williams %R (14)

Neutral zone

-37.3Range
CCI (20)

Balanced zone

69.7Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Medium volatility

$4.44 (3.55%)Range
Bollinger Bands (20,2)

Width 12.08%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$130.51 / $110.98Range
ATR channel lower / upper

Current Volatility Envelope

$120.56 / $129.44Range

Volume / Money Flow

MFI (14)

Money flow is neutral

46.1Range
OBV slope

20-period OBV slope

25.91%Bullish
Volume ratio

Relative to 20-period average volume

1.10xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$130.75Range
Support

Nearest Downside Decision Level

$105.97Range

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