US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 dayBullish92%
Daily Upside probability 92%Bullish

MELI 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $1,566 and reclaim $1,926.

Invalidation Trigger

Lose $1,566 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 68.2, MACD 2.963

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $45.87 (2.4%)

Daily

EMA Structure

Bullish
EMA 8$1,873.4Bullish
EMA 21$1,831.1Bullish
EMA 50$1,780.3Bullish

Signals

CategoryReadStrength
Momentum
RSI 68.2 · MACD 2.963

Momentum is strong

Strength
Bullish
Volatility
ATR $45.87 · BB 7.75%

Medium volatility

Strength
Range
Volume
MFI 64.8 · OBV 0.91%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$1,566 - $1,926

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+3.23% · 1.3 ATR above latest close

$1,971.9
Nearest resistance

+0.83% · 0.3 ATR above · 34-bar high

$1,926
Current price

Price shown is delayed

$1,910.2
Nearest support

-18.02% · 7.5 ATR below · 34-bar low

$1,566
Deeper support zone

-20.42% · 8.5 ATR below latest close

$1,520.1
ATR zone

Latest close ± ATR14

$1,864.3 - $1,956

Indicators

Trend

Dow Theory Structure

Confirmation $1,902.4, invalidation $1,828.9

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

Trend strength is moderate

17.1 / 22.6 / 15.4Bullish
Supertrend (10,3)

Price is above Supertrend

$1,780.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,820 / $1,736Bullish
Donchian Channel (20)

20-period breakout channel position

90%Bullish

Volatility

ATR (14)

Medium volatility

$45.87 (2.4%)Range
Bollinger Bands (20,2)

Width 7.75%

95%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,924.8 / $1,743.3Range
ATR channel lower / upper

Current Volatility Envelope

$1,864.3 / $1,956Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,926Range
Support

Nearest Downside Decision Level

$1,566Range

Momentum

RSI (14)

Momentum is strong

68.2Bullish
MACD (12,26,9)

Histogram is positive

2.963Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

89.8 / 83.9Bullish
Williams %R (14)

Overbought zone

-10.2Bearish
CCI (20)

Strong expansion

145.4Bullish
TD Sequential

Setup is not extreme

sell 7Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

64.8Bullish
OBV slope

20-period OBV slope

0.91%Bullish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Trend

Dow Theory Structure

Confirmation $1,902.4, invalidation $1,828.9

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

Trend strength is moderate

17.1 / 22.6 / 15.4Bullish
Supertrend (10,3)

Price is above Supertrend

$1,780.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,820 / $1,736Bullish
Donchian Channel (20)

20-period breakout channel position

90%Bullish

Momentum

RSI (14)

Momentum is strong

68.2Bullish
MACD (12,26,9)

Histogram is positive

2.963Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

89.8 / 83.9Bullish
Williams %R (14)

Overbought zone

-10.2Bearish
CCI (20)

Strong expansion

145.4Bullish
TD Sequential

Setup is not extreme

sell 7Bearish

Volatility

ATR (14)

Medium volatility

$45.87 (2.4%)Range
Bollinger Bands (20,2)

Width 7.75%

95%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,924.8 / $1,743.3Range
ATR channel lower / upper

Current Volatility Envelope

$1,864.3 / $1,956Range

Volume / Money Flow

MFI (14)

Money flow is strong

64.8Bullish
OBV slope

20-period OBV slope

0.91%Bullish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,926Range
Support

Nearest Downside Decision Level

$1,566Range

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