US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

4 hoursBullish69%
4h Upside probability 69%Bullish

SHOP 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $144.37 and reclaim $158.87.

Invalidation Trigger

Lose $144.37 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 52.1, MACD 0.063

4h
Volatility EnvironmentBullish
Low volatility

ATR is $1.79 (1.2%)

4h

EMA Structure

Range
EMA 8$148.05Bullish
EMA 21$148.36Bullish
EMA 50$146.01Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.1 · MACD 0.063

Neutral zone

Strength
Bullish
Volatility
ATR $1.79 · BB 4.40%

Low volatility

Strength
Bullish
Volume
MFI 49.0 · OBV -26.95%

Relative to 20-period average volume

Strength
Range
Price Levels
$144.37 - $158.87

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+7.85% · 6.5 ATR above latest close

$160.66
Nearest resistance

+6.64% · 5.5 ATR above · 34-bar high

$158.87
Current price

Price shown is delayed

$148.97
Nearest support

-3.09% · 2.6 ATR below · 34-bar low

$144.37
Deeper support zone

-4.29% · 3.6 ATR below latest close

$142.58
ATR zone

Latest close ± ATR14

$147.18 - $150.77

Indicators

Trend

Dow Theory Structure

Confirmation $149.36, invalidation $146.85

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

Trend strength is active

34.8 / 25.6 / 12.9Bullish
Supertrend (10,3)

Price is above Supertrend

$143.9Bullish
Ichimoku Cloud

Cloud Span A / Span B

$149.27 / $141.59Bearish
Donchian Channel (20)

20-period breakout channel position

44%Bearish

Volatility

ATR (14)

Low volatility

$1.79 (1.2%)Bullish
Bollinger Bands (20,2)

Width 4.40%

66%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$151.74 / $144.94Bullish
ATR channel lower / upper

Current Volatility Envelope

$147.18 / $150.77Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$158.87Range
Support

Nearest Downside Decision Level

$144.37Range

Momentum

RSI (14)

Neutral zone

52.1Range
MACD (12,26,9)

Histogram is positive

0.063Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

90.6 / 74.0Bullish
Williams %R (14)

Overbought zone

-9.4Bearish
CCI (20)

Balanced zone

52.4Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

49.0Range
OBV slope

20-period OBV slope

-26.95%Bearish
Volume ratio

Relative to 20-period average volume

1.07xRange

Trend

Dow Theory Structure

Confirmation $149.36, invalidation $146.85

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

Trend strength is active

34.8 / 25.6 / 12.9Bullish
Supertrend (10,3)

Price is above Supertrend

$143.9Bullish
Ichimoku Cloud

Cloud Span A / Span B

$149.27 / $141.59Bearish
Donchian Channel (20)

20-period breakout channel position

44%Bearish

Momentum

RSI (14)

Neutral zone

52.1Range
MACD (12,26,9)

Histogram is positive

0.063Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

90.6 / 74.0Bullish
Williams %R (14)

Overbought zone

-9.4Bearish
CCI (20)

Balanced zone

52.4Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volatility

ATR (14)

Low volatility

$1.79 (1.2%)Bullish
Bollinger Bands (20,2)

Width 4.40%

66%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$151.74 / $144.94Bullish
ATR channel lower / upper

Current Volatility Envelope

$147.18 / $150.77Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

49.0Range
OBV slope

20-period OBV slope

-26.95%Bearish
Volume ratio

Relative to 20-period average volume

1.07xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$158.87Range
Support

Nearest Downside Decision Level

$144.37Range

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