US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 hourBullish71%
1h Upside probability 71%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 $120 and reclaim $127.

Invalidation Trigger

Lose $120 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 53.7, MACD 0.151

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.41 (1.13%)

1h

EMA Structure

Bullish
EMA 8$124.73Bullish
EMA 21$124.39Bullish
EMA 50$123.73Bullish

Signals

CategoryReadStrength
Momentum
RSI 53.7 · MACD 0.151

Neutral zone

Strength
Bullish
Volatility
ATR $1.41 · BB 4.26%

Low volatility

Strength
Bullish
Volume
MFI 51.6 · OBV 2.80%

Relative to 20-period average volume

Strength
Range
Price Levels
$120 - $127

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.73% · 2.4 ATR above latest close

$128.41
Nearest resistance

+1.6% · 1.4 ATR above · 34-bar high

$127
Current price

Price shown is delayed

$125
Nearest support

-4% · 3.5 ATR below · 34-bar low

$120
Deeper support zone

-5.13% · 4.5 ATR below latest close

$118.59
ATR zone

Latest close ± ATR14

$123.59 - $126.41

Indicators

Trend

Dow Theory Structure

Confirmation $125.74, invalidation $120

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

Trend strength is moderate

20.1 / 21.9 / 24.2Bearish
Supertrend (10,3)

Price is above Supertrend

$119.86Bullish
Ichimoku Cloud

Cloud Span A / Span B

$123.22 / $125.38Bearish
Donchian Channel (20)

20-period breakout channel position

75%Bullish

Volatility

ATR (14)

Low volatility

$1.41 (1.13%)Bullish
Bollinger Bands (20,2)

Width 4.26%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$128.06 / $120.74Bullish
ATR channel lower / upper

Current Volatility Envelope

$123.59 / $126.41Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$127Range
Support

Nearest Downside Decision Level

$120Range

Momentum

RSI (14)

Neutral zone

53.7Range
MACD (12,26,9)

Histogram is positive

0.151Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

84.9 / 88.5Bearish
Williams %R (14)

Overbought zone

-15.1Bearish
CCI (20)

Balanced zone

60.7Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.6Range
OBV slope

20-period OBV slope

2.80%Bullish
Volume ratio

Relative to 20-period average volume

2.90xBullish

Trend

Dow Theory Structure

Confirmation $125.74, invalidation $120

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

Trend strength is moderate

20.1 / 21.9 / 24.2Bearish
Supertrend (10,3)

Price is above Supertrend

$119.86Bullish
Ichimoku Cloud

Cloud Span A / Span B

$123.22 / $125.38Bearish
Donchian Channel (20)

20-period breakout channel position

75%Bullish

Momentum

RSI (14)

Neutral zone

53.7Range
MACD (12,26,9)

Histogram is positive

0.151Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

84.9 / 88.5Bearish
Williams %R (14)

Overbought zone

-15.1Bearish
CCI (20)

Balanced zone

60.7Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$1.41 (1.13%)Bullish
Bollinger Bands (20,2)

Width 4.26%

62%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$128.06 / $120.74Bullish
ATR channel lower / upper

Current Volatility Envelope

$123.59 / $126.41Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.6Range
OBV slope

20-period OBV slope

2.80%Bullish
Volume ratio

Relative to 20-period average volume

2.90xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$127Range
Support

Nearest Downside Decision Level

$120Range

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