US stock / ETF

Shopify Inc. Class A subordinate voting shares

SHOP · NASDAQ · USD

4 hoursBullish73%
4h Upside probability 73%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 $115.34 and reclaim $130.75.

Invalidation Trigger

Lose $115.34 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateRange
Momentum mixed

RSI 56.2, MACD -0.055

4h
Volatility EnvironmentRange
Medium volatility

ATR is $2.97 (2.37%)

4h

EMA Structure

Bullish
EMA 8$124.34Bullish
EMA 21$122.98Bullish
EMA 50$120.05Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.2 · MACD -0.055

Momentum is strong

Strength
Range
Volatility
ATR $2.97 · BB 10.18%

Medium volatility

Strength
Range
Volume
MFI 71.1 · OBV -9.41%

Relative to 20-period average volume

Strength
Range
Price Levels
$115.34 - $130.75

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+6.97% · 2.9 ATR above latest close

$133.72
Nearest resistance

+4.6% · 1.9 ATR above · 34-bar high

$130.75
Current price

Price shown is delayed

$125
Nearest support

-7.73% · 3.3 ATR below · 34-bar low

$115.34
Deeper support zone

-10.1% · 4.3 ATR below latest close

$112.37
ATR zone

Latest close ± ATR14

$122.03 - $127.97

Indicators

Trend

Dow Theory Structure

Confirmation $120, invalidation $127

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

27.2 / 34.0 / 16.7Bullish
Supertrend (10,3)

Price is above Supertrend

$117.05Bullish
Ichimoku Cloud

Cloud Span A / Span B

$123.27 / $120.88Bullish
Donchian Channel (20)

20-period breakout channel position

63%Range

Volatility

ATR (14)

Medium volatility

$2.97 (2.37%)Range
Bollinger Bands (20,2)

Width 10.18%

69%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$128.63 / $117.56Range
ATR channel lower / upper

Current Volatility Envelope

$122.03 / $127.97Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$130.75Range
Support

Nearest Downside Decision Level

$115.34Range

Momentum

RSI (14)

Momentum is strong

56.2Bullish
MACD (12,26,9)

Histogram is negative

-0.055Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

46.5 / 57.3Bearish
Williams %R (14)

Neutral zone

-53.5Range
CCI (20)

Balanced zone

70.3Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

71.1Bullish
OBV slope

20-period OBV slope

-9.41%Bearish
Volume ratio

Relative to 20-period average volume

0.90xRange

Trend

Dow Theory Structure

Confirmation $120, invalidation $127

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

27.2 / 34.0 / 16.7Bullish
Supertrend (10,3)

Price is above Supertrend

$117.05Bullish
Ichimoku Cloud

Cloud Span A / Span B

$123.27 / $120.88Bullish
Donchian Channel (20)

20-period breakout channel position

63%Range

Momentum

RSI (14)

Momentum is strong

56.2Bullish
MACD (12,26,9)

Histogram is negative

-0.055Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

46.5 / 57.3Bearish
Williams %R (14)

Neutral zone

-53.5Range
CCI (20)

Balanced zone

70.3Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Medium volatility

$2.97 (2.37%)Range
Bollinger Bands (20,2)

Width 10.18%

69%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$128.63 / $117.56Range
ATR channel lower / upper

Current Volatility Envelope

$122.03 / $127.97Range

Volume / Money Flow

MFI (14)

Money flow is strong

71.1Bullish
OBV slope

20-period OBV slope

-9.41%Bearish
Volume ratio

Relative to 20-period average volume

0.90xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$130.75Range
Support

Nearest Downside Decision Level

$115.34Range

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