US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 dayBullish82%
Daily Upside probability 82%Bullish

MELI 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $1,759.2 and reclaim $1,962.6.

Invalidation Trigger

Lose $1,759.2 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 58.5, MACD 3.471

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $71.39 (3.71%)

Daily

EMA Structure

Bullish
EMA 8$1,886.4Bullish
EMA 21$1,860.8Bullish
EMA 50$1,817.4Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.5 · MACD 3.471

Momentum is strong

Strength
Bullish
Volatility
ATR $71.39 · BB 9.78%

Medium volatility

Strength
Range
Volume
MFI 54.1 · OBV 1.84%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,759.2 - $1,962.6

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+5.78% · 1.6 ATR above latest close

$2,034
Nearest resistance

+2.07% · 0.6 ATR above · 34-bar high

$1,962.6
Current price

Price shown is delayed

$1,922.7
Nearest support

-8.5% · 2.3 ATR below · 34-bar low

$1,759.2
Deeper support zone

-12.22% · 3.3 ATR below latest close

$1,687.8
ATR zone

Latest close ± ATR14

$1,851.3 - $1,994.1

Indicators

Trend

Dow Theory Structure

Confirmation $1,946, invalidation $1,759.2

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

Trend strength is moderate

11.9 / 32.9 / 23.8Bullish
Supertrend (10,3)

Price is above Supertrend

$1,725.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,860.9 / $1,754.3Bullish
Donchian Channel (20)

20-period breakout channel position

80%Bullish

Volatility

ATR (14)

Medium volatility

$71.39 (3.71%)Range
Bollinger Bands (20,2)

Width 9.78%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$2,003.5 / $1,721.6Range
ATR channel lower / upper

Current Volatility Envelope

$1,851.3 / $1,994.1Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,962.6Range
Support

Nearest Downside Decision Level

$1,759.2Range

Momentum

RSI (14)

Momentum is strong

58.5Bullish
MACD (12,26,9)

Histogram is positive

3.471Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

80.4 / 82.7Bearish
Williams %R (14)

Overbought zone

-19.6Bearish
CCI (20)

Strong expansion

124.7Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.1Range
OBV slope

20-period OBV slope

1.84%Bullish
Volume ratio

Relative to 20-period average volume

1.01xRange

Trend

Dow Theory Structure

Confirmation $1,946, invalidation $1,759.2

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

Trend strength is moderate

11.9 / 32.9 / 23.8Bullish
Supertrend (10,3)

Price is above Supertrend

$1,725.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,860.9 / $1,754.3Bullish
Donchian Channel (20)

20-period breakout channel position

80%Bullish

Momentum

RSI (14)

Momentum is strong

58.5Bullish
MACD (12,26,9)

Histogram is positive

3.471Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

80.4 / 82.7Bearish
Williams %R (14)

Overbought zone

-19.6Bearish
CCI (20)

Strong expansion

124.7Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

Medium volatility

$71.39 (3.71%)Range
Bollinger Bands (20,2)

Width 9.78%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$2,003.5 / $1,721.6Range
ATR channel lower / upper

Current Volatility Envelope

$1,851.3 / $1,994.1Range

Volume / Money Flow

MFI (14)

Money flow is neutral

54.1Range
OBV slope

20-period OBV slope

1.84%Bullish
Volume ratio

Relative to 20-period average volume

1.01xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,962.6Range
Support

Nearest Downside Decision Level

$1,759.2Range

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