US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

4 hoursBullish75%
4h Upside probability 75%Bullish

SHOP 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Hold above $104.14 and reclaim $124.62.

Invalidation Trigger

Lose $104.14 and MACD turns lower again.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 55.3, MACD 0.188

4h
Volatility EnvironmentRange
Medium volatility

ATR is $3.46 (3.07%)

4h

EMA Structure

Bearish
EMA 8$110.18Bullish
EMA 21$110.32Bullish
EMA 50$110.88Bullish

Signals

CategoryReadStrength
Momentum
RSI 55.3 · MACD 0.188

Momentum is strong

Strength
Bullish
Volatility
ATR $3.46 · BB 9.06%

Medium volatility

Strength
Range
Volume
MFI 45.9 · OBV 5.77%

Relative to 20-period average volume

Strength
Range
Price Levels
$104.14 - $124.62

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+13.63% · 4.4 ATR above latest close

$128.08
Nearest resistance

+10.56% · 3.4 ATR above · 34-bar high

$124.62
Current price

Price shown is delayed

$112.72
Nearest support

-7.61% · 2.5 ATR below · 34-bar low

$104.14
Deeper support zone

-10.68% · 3.5 ATR below latest close

$100.68
ATR zone

Latest close ± ATR14

$109.26 - $116.18

Indicators

Trend

Dow Theory Structure

Confirmation $111.54, invalidation $106.05

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

Trend strength is moderate

17.6 / 25.2 / 16.8Bullish
Supertrend (10,3)

Price is above Supertrend

$102.25Bullish
Ichimoku Cloud

Cloud Span A / Span B

$110.3 / $111.96Bullish
Donchian Channel (20)

20-period breakout channel position

77%Range

Volatility

ATR (14)

Medium volatility

$3.46 (3.07%)Range
Bollinger Bands (20,2)

Width 9.06%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$116.95 / $103.64Range
ATR channel lower / upper

Current Volatility Envelope

$109.26 / $116.18Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$124.62Range
Support

Nearest Downside Decision Level

$104.14Range

Momentum

RSI (14)

Momentum is strong

55.3Bullish
MACD (12,26,9)

Histogram is positive

0.188Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

72.2 / 51.9Bullish
Williams %R (14)

Neutral zone

-27.8Range
CCI (20)

Balanced zone

85.9Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.9Range
OBV slope

20-period OBV slope

5.77%Bullish
Volume ratio

Relative to 20-period average volume

1.21xBullish

Trend

Dow Theory Structure

Confirmation $111.54, invalidation $106.05

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

Trend strength is moderate

17.6 / 25.2 / 16.8Bullish
Supertrend (10,3)

Price is above Supertrend

$102.25Bullish
Ichimoku Cloud

Cloud Span A / Span B

$110.3 / $111.96Bullish
Donchian Channel (20)

20-period breakout channel position

77%Range

Momentum

RSI (14)

Momentum is strong

55.3Bullish
MACD (12,26,9)

Histogram is positive

0.188Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

72.2 / 51.9Bullish
Williams %R (14)

Neutral zone

-27.8Range
CCI (20)

Balanced zone

85.9Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Medium volatility

$3.46 (3.07%)Range
Bollinger Bands (20,2)

Width 9.06%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$116.95 / $103.64Range
ATR channel lower / upper

Current Volatility Envelope

$109.26 / $116.18Range

Volume / Money Flow

MFI (14)

Money flow is neutral

45.9Range
OBV slope

20-period OBV slope

5.77%Bullish
Volume ratio

Relative to 20-period average volume

1.21xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$124.62Range
Support

Nearest Downside Decision Level

$104.14Range

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