US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 dayBullish92%
Daily Upside probability 92%Bullish

MELI 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $1,546 and reclaim $1,897.3.

Invalidation Trigger

Lose $1,546 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 67.8, MACD 21.689

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $59.24 (3.17%)

Daily

EMA Structure

Bullish
EMA 8$1,822.1Bullish
EMA 21$1,750.5Bullish
EMA 50$1,723.3Bullish

Signals

CategoryReadStrength
Momentum
RSI 67.8 · MACD 21.689

Momentum is strong

Strength
Bullish
Volatility
ATR $59.24 · BB 21.80%

Medium volatility

Strength
Range
Volume
MFI 65.0 · OBV 20.35%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$1,546 - $1,897.3

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+4.63% · 1.5 ATR above latest close

$1,956.5
Nearest resistance

+1.46% · 0.5 ATR above · 34-bar high

$1,897.3
Current price

Price shown is delayed

$1,870
Nearest support

-17.33% · 5.5 ATR below · 34-bar low

$1,546
Deeper support zone

-20.49% · 6.5 ATR below latest close

$1,486.8
ATR zone

Latest close ± ATR14

$1,810.8 - $1,929.2

Indicators

Trend

Dow Theory Structure

Confirmation $1,836.1, invalidation $1,760.9

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

Trend strength is active

38.7 / 45.9 / 8.7Bullish
Supertrend (10,3)

Price is above Supertrend

$1,707.9Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,763.5 / $1,696.1Bullish
Donchian Channel (20)

20-period breakout channel position

92%Bullish

Volatility

ATR (14)

Medium volatility

$59.24 (3.17%)Range
Bollinger Bands (20,2)

Width 21.80%

90%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,856 / $1,651.6Range
ATR channel lower / upper

Current Volatility Envelope

$1,810.8 / $1,929.2Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,897.3Range
Support

Nearest Downside Decision Level

$1,546Range

Momentum

RSI (14)

Momentum is strong

67.8Bullish
MACD (12,26,9)

Histogram is positive

21.689Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

91.4 / 93.4Bearish
Williams %R (14)

Overbought zone

-8.6Bearish
CCI (20)

Strong expansion

120.0Bullish
TD Sequential

Exhaustion setup is near completion

sell 12Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

65.0Bullish
OBV slope

20-period OBV slope

20.35%Bullish
Volume ratio

Relative to 20-period average volume

0.46xBearish

Trend

Dow Theory Structure

Confirmation $1,836.1, invalidation $1,760.9

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

Trend strength is active

38.7 / 45.9 / 8.7Bullish
Supertrend (10,3)

Price is above Supertrend

$1,707.9Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,763.5 / $1,696.1Bullish
Donchian Channel (20)

20-period breakout channel position

92%Bullish

Momentum

RSI (14)

Momentum is strong

67.8Bullish
MACD (12,26,9)

Histogram is positive

21.689Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

91.4 / 93.4Bearish
Williams %R (14)

Overbought zone

-8.6Bearish
CCI (20)

Strong expansion

120.0Bullish
TD Sequential

Exhaustion setup is near completion

sell 12Bearish

Volatility

ATR (14)

Medium volatility

$59.24 (3.17%)Range
Bollinger Bands (20,2)

Width 21.80%

90%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,856 / $1,651.6Range
ATR channel lower / upper

Current Volatility Envelope

$1,810.8 / $1,929.2Range

Volume / Money Flow

MFI (14)

Money flow is strong

65.0Bullish
OBV slope

20-period OBV slope

20.35%Bullish
Volume ratio

Relative to 20-period average volume

0.46xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,897.3Range
Support

Nearest Downside Decision Level

$1,546Range

Related Forecasts