US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

4 hoursBearish66%
4h Downside probability 66%Bearish

SHOP 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $171.5 and stabilize above resistance $180.02.

Invalidation Trigger

Break above $180.02 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 45.1, MACD -0.681

4h
Volatility EnvironmentRange
Medium volatility

ATR is $3.83 (2.26%)

4h

EMA Structure

Range
EMA 8$170.34Bearish
EMA 21$171.5Bearish
EMA 50$168.98Bullish

Signals

CategoryReadStrength
Momentum
RSI 45.1 · MACD -0.681

Neutral zone

Strength
Bearish
Volatility
ATR $3.83 · BB 6.02%

Medium volatility

Strength
Range
Volume
MFI 71.0 · OBV -14.71%

Relative to 20-period average volume

Strength
Range
Price Levels
$163.25 - $180.02

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+8.62% · 3.8 ATR above latest close

$183.85
Nearest resistance

+6.35% · 2.8 ATR above · 34-bar high

$180.02
Current price

Price shown is delayed

$169.27
Nearest support

-3.56% · 1.6 ATR below · 34-bar low

$163.25
Deeper support zone

-5.82% · 2.6 ATR below latest close

$159.42
ATR zone

Latest close ± ATR14

$165.44 - $173.1

Indicators

Trend

Dow Theory Structure

Confirmation $178.5, invalidation $166.42

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

Trend strength is moderate

10.6 / 22.6 / 18.8Bullish
Supertrend (10,3)

Price is above Supertrend

$157.01Bullish
Ichimoku Cloud

Cloud Span A / Span B

$171.97 / $170.83Bearish
Donchian Channel (20)

20-period breakout channel position

26%Range

Volatility

ATR (14)

Medium volatility

$3.83 (2.26%)Range
Bollinger Bands (20,2)

Width 6.02%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$179.62 / $163.34Range
ATR channel lower / upper

Current Volatility Envelope

$165.44 / $173.1Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$180.02Range
Support

Nearest Downside Decision Level

$163.25Range

Momentum

RSI (14)

Neutral zone

45.1Range
MACD (12,26,9)

Histogram is negative

-0.681Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

25.6 / 26.2Bearish
Williams %R (14)

Neutral zone

-74.4Range
CCI (20)

Balanced zone

-78.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

71.0Bullish
OBV slope

20-period OBV slope

-14.71%Bearish
Volume ratio

Relative to 20-period average volume

0.34xBearish

Trend

Dow Theory Structure

Confirmation $178.5, invalidation $166.42

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

Trend strength is moderate

10.6 / 22.6 / 18.8Bullish
Supertrend (10,3)

Price is above Supertrend

$157.01Bullish
Ichimoku Cloud

Cloud Span A / Span B

$171.97 / $170.83Bearish
Donchian Channel (20)

20-period breakout channel position

26%Range

Momentum

RSI (14)

Neutral zone

45.1Range
MACD (12,26,9)

Histogram is negative

-0.681Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

25.6 / 26.2Bearish
Williams %R (14)

Neutral zone

-74.4Range
CCI (20)

Balanced zone

-78.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Medium volatility

$3.83 (2.26%)Range
Bollinger Bands (20,2)

Width 6.02%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$179.62 / $163.34Range
ATR channel lower / upper

Current Volatility Envelope

$165.44 / $173.1Range

Volume / Money Flow

MFI (14)

Money flow is strong

71.0Bullish
OBV slope

20-period OBV slope

-14.71%Bearish
Volume ratio

Relative to 20-period average volume

0.34xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$180.02Range
Support

Nearest Downside Decision Level

$163.25Range

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