US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

1 hourRange50%
1h Range probability 100%Range

SHOP 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Break either side of $144.43 - $150.48 with volume.

Invalidation Trigger

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

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

1h
Momentum StateBearish
Momentum soft

RSI 49.8, MACD -0.014

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.54 (1.04%)

1h

EMA Structure

Bearish
EMA 8$147.73Bullish
EMA 21$147.91Bullish
EMA 50$148.22Bearish

Signals

CategoryReadStrength
Momentum
RSI 49.8 · MACD -0.014

Neutral zone

Strength
Bearish
Volatility
ATR $1.54 · BB 2.89%

Low volatility

Strength
Bullish
Volume
MFI 52.5 · OBV 11.36%

Relative to 20-period average volume

Strength
Range
Price Levels
$144.43 - $150.48

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.76% · 2.6 ATR above latest close

$152.02
Nearest resistance

+1.72% · 1.6 ATR above · 34-bar high

$150.48
Current price

Price shown is delayed

$147.94
Nearest support

-2.37% · 2.3 ATR below · 34-bar low

$144.43
Deeper support zone

-3.42% · 3.3 ATR below latest close

$142.89
ATR zone

Latest close ± ATR14

$146.4 - $149.48

Indicators

Trend

Dow Theory Structure

Confirmation $150.48, invalidation $144.43

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

Trend strength is active

28.7 / 19.2 / 26.9Bearish
Supertrend (10,3)

Price is above Supertrend

$141.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$147.45 / $147.5Bullish
Donchian Channel (20)

20-period breakout channel position

58%Range

Volatility

ATR (14)

Low volatility

$1.54 (1.04%)Bullish
Bollinger Bands (20,2)

Width 2.89%

50%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$151.51 / $144.28Bullish
ATR channel lower / upper

Current Volatility Envelope

$146.4 / $149.48Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$150.48Range
Support

Nearest Downside Decision Level

$144.43Range

Momentum

RSI (14)

Neutral zone

49.8Range
MACD (12,26,9)

Histogram is negative

-0.014Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.0 / 49.1Bullish
Williams %R (14)

Neutral zone

-42.0Range
CCI (20)

Balanced zone

-58.0Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.5Range
OBV slope

20-period OBV slope

11.36%Bullish
Volume ratio

Relative to 20-period average volume

3.24xBullish

Trend

Dow Theory Structure

Confirmation $150.48, invalidation $144.43

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

Trend strength is active

28.7 / 19.2 / 26.9Bearish
Supertrend (10,3)

Price is above Supertrend

$141.82Bullish
Ichimoku Cloud

Cloud Span A / Span B

$147.45 / $147.5Bullish
Donchian Channel (20)

20-period breakout channel position

58%Range

Momentum

RSI (14)

Neutral zone

49.8Range
MACD (12,26,9)

Histogram is negative

-0.014Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.0 / 49.1Bullish
Williams %R (14)

Neutral zone

-42.0Range
CCI (20)

Balanced zone

-58.0Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$1.54 (1.04%)Bullish
Bollinger Bands (20,2)

Width 2.89%

50%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$151.51 / $144.28Bullish
ATR channel lower / upper

Current Volatility Envelope

$146.4 / $149.48Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.5Range
OBV slope

20-period OBV slope

11.36%Bullish
Volume ratio

Relative to 20-period average volume

3.24xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$150.48Range
Support

Nearest Downside Decision Level

$144.43Range

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