US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 hourBullish90%
1h Upside probability 90%Bullish

SHOP 1H chart

EMA21EMA50Bollinger
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Market View

Market Shift

1h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $106.05 and reclaim $114.15.

Invalidation Trigger

Lose $106.05 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 58.8, MACD 0.633

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.65 (1.46%)

1h

EMA Structure

Bullish
EMA 8$111.78Bullish
EMA 21$110.42Bullish
EMA 50$110.24Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.8 · MACD 0.633

Momentum is strong

Strength
Bullish
Volatility
ATR $1.65 · BB 7.82%

Low volatility

Strength
Bullish
Volume
MFI 29.8 · OBV 186.90%

Relative to 20-period average volume

Strength
Range
Price Levels
$106.05 - $114.15

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.73% · 1.9 ATR above latest close

$115.8
Nearest resistance

+1.27% · 0.9 ATR above · 34-bar high

$114.15
Current price

Price shown is delayed

$112.72
Nearest support

-5.92% · 4.1 ATR below · 34-bar low

$106.05
Deeper support zone

-7.38% · 5.1 ATR below latest close

$104.4
ATR zone

Latest close ± ATR14

$111.07 - $114.37

Indicators

Trend

Dow Theory Structure

Confirmation $109.68, invalidation $107.2

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

16.1 / 32.1 / 16.1Bullish
Supertrend (10,3)

Price is above Supertrend

$107.23Bullish
Ichimoku Cloud

Cloud Span A / Span B

$110.39 / $110.67Bullish
Donchian Channel (20)

20-period breakout channel position

81%Bullish

Volatility

ATR (14)

Low volatility

$1.65 (1.46%)Bullish
Bollinger Bands (20,2)

Width 7.82%

88%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$114.13 / $106.79Bullish
ATR channel lower / upper

Current Volatility Envelope

$111.07 / $114.37Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$114.15Range
Support

Nearest Downside Decision Level

$106.05Range

Momentum

RSI (14)

Momentum is strong

58.8Bullish
MACD (12,26,9)

Histogram is positive

0.633Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

79.9 / 87.3Bearish
Williams %R (14)

Neutral zone

-20.1Range
CCI (20)

Strong expansion

128.1Bullish
TD Sequential

Setup is not extreme

sell 7Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

29.8Bearish
OBV slope

20-period OBV slope

186.90%Bullish
Volume ratio

Relative to 20-period average volume

0.90xBearish

Trend

Dow Theory Structure

Confirmation $109.68, invalidation $107.2

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

16.1 / 32.1 / 16.1Bullish
Supertrend (10,3)

Price is above Supertrend

$107.23Bullish
Ichimoku Cloud

Cloud Span A / Span B

$110.39 / $110.67Bullish
Donchian Channel (20)

20-period breakout channel position

81%Bullish

Momentum

RSI (14)

Momentum is strong

58.8Bullish
MACD (12,26,9)

Histogram is positive

0.633Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

79.9 / 87.3Bearish
Williams %R (14)

Neutral zone

-20.1Range
CCI (20)

Strong expansion

128.1Bullish
TD Sequential

Setup is not extreme

sell 7Bearish

Volatility

ATR (14)

Low volatility

$1.65 (1.46%)Bullish
Bollinger Bands (20,2)

Width 7.82%

88%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$114.13 / $106.79Bullish
ATR channel lower / upper

Current Volatility Envelope

$111.07 / $114.37Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

29.8Bearish
OBV slope

20-period OBV slope

186.90%Bullish
Volume ratio

Relative to 20-period average volume

0.90xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$114.15Range
Support

Nearest Downside Decision Level

$106.05Range

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