US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

4 hoursBullish92%
4h Upside probability 92%Bullish

SHOP 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $135.68 and reclaim $153.01.

Invalidation Trigger

Lose $135.68 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateRange
Momentum mixed

RSI 62.6, MACD -0.049

4h
Volatility EnvironmentRange
Low volatility

ATR is $2.28 (1.51%)

4h

EMA Structure

Bullish
EMA 8$150.08Bullish
EMA 21$147.79Bullish
EMA 50$143.91Bullish

Signals

CategoryReadStrength
Momentum
RSI 62.6 · MACD -0.049

Momentum is strong

Strength
Range
Volatility
ATR $2.28 · BB 9.09%

Low volatility

Strength
Range
Volume
MFI 61.3 · OBV 13.03%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$135.68 - $153.01

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.8% · 1.9 ATR above latest close

$155.29
Nearest resistance

+1.29% · 0.9 ATR above · 34-bar high

$153.01
Current price

Price shown is delayed

$151.06
Nearest support

-10.18% · 6.7 ATR below · 34-bar low

$135.68
Deeper support zone

-11.69% · 7.7 ATR below latest close

$133.4
ATR zone

Latest close ± ATR14

$148.78 - $153.34

Indicators

Trend

Dow Theory Structure

Confirmation $153.01, invalidation $147.04

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

Trend strength is active

39.9 / 32.5 / 1.5Bullish
Supertrend (10,3)

Price is above Supertrend

$144.76Bullish
Ichimoku Cloud

Cloud Span A / Span B

$147.72 / $139.92Bullish
Donchian Channel (20)

20-period breakout channel position

88%Bullish

Volatility

ATR (14)

Low volatility

$2.28 (1.51%)Range
Bollinger Bands (20,2)

Width 9.09%

76%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$152.28 / $143.66Range
ATR channel lower / upper

Current Volatility Envelope

$148.78 / $153.34Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$153.01Range
Support

Nearest Downside Decision Level

$135.68Range

Momentum

RSI (14)

Momentum is strong

62.6Bullish
MACD (12,26,9)

Histogram is negative

-0.049Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

71.8 / 77.7Bearish
Williams %R (14)

Neutral zone

-28.2Range
CCI (20)

Balanced zone

84.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

61.3Bullish
OBV slope

20-period OBV slope

13.03%Bullish
Volume ratio

Relative to 20-period average volume

0.88xBearish

Trend

Dow Theory Structure

Confirmation $153.01, invalidation $147.04

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

Trend strength is active

39.9 / 32.5 / 1.5Bullish
Supertrend (10,3)

Price is above Supertrend

$144.76Bullish
Ichimoku Cloud

Cloud Span A / Span B

$147.72 / $139.92Bullish
Donchian Channel (20)

20-period breakout channel position

88%Bullish

Momentum

RSI (14)

Momentum is strong

62.6Bullish
MACD (12,26,9)

Histogram is negative

-0.049Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

71.8 / 77.7Bearish
Williams %R (14)

Neutral zone

-28.2Range
CCI (20)

Balanced zone

84.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Low volatility

$2.28 (1.51%)Range
Bollinger Bands (20,2)

Width 9.09%

76%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$152.28 / $143.66Range
ATR channel lower / upper

Current Volatility Envelope

$148.78 / $153.34Range

Volume / Money Flow

MFI (14)

Money flow is strong

61.3Bullish
OBV slope

20-period OBV slope

13.03%Bullish
Volume ratio

Relative to 20-period average volume

0.88xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$153.01Range
Support

Nearest Downside Decision Level

$135.68Range

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