US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

12 hoursBullish74%
12h Upside probability 74%Bullish

MELI 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $1,759.2 and reclaim $1,992.6.

Invalidation Trigger

Lose $1,759.2 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 61.8, MACD 11.555

12h
Volatility EnvironmentRange
Low volatility

ATR is $35.93 (1.87%)

12h

EMA Structure

Bullish
EMA 8$1,885.1Bullish
EMA 21$1,862Bullish
EMA 50$1,841.6Bullish

Signals

CategoryReadStrength
Momentum
RSI 61.8 · MACD 11.555

Momentum is strong

Strength
Bullish
Volatility
ATR $35.93 · BB 11.16%

Low volatility

Strength
Range
Volume
MFI 57.3 · OBV 5.51%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$1,759.2 - $1,992.6

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+5.54% · 3.0 ATR above latest close

$2,028.5
Nearest resistance

+3.67% · 2.0 ATR above · 34-bar high

$1,992.6
Current price

Price shown is delayed

$1,922
Nearest support

-8.47% · 4.5 ATR below · 34-bar low

$1,759.2
Deeper support zone

-10.34% · 5.5 ATR below latest close

$1,723.3
ATR zone

Latest close ± ATR14

$1,886.1 - $1,957.9

Indicators

Trend

Dow Theory Structure

Confirmation $1,759.2, invalidation $1,864.9

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

Trend strength is moderate

19.6 / 41.8 / 21.0Bullish
Supertrend (10,3)

Price is above Supertrend

$1,817.9Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,868 / $1,875.9Bullish
Donchian Channel (20)

20-period breakout channel position

81%Bullish

Volatility

ATR (14)

Low volatility

$35.93 (1.87%)Range
Bollinger Bands (20,2)

Width 11.16%

83%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,943.7 / $1,781.8Range
ATR channel lower / upper

Current Volatility Envelope

$1,886.1 / $1,957.9Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,992.6Range
Support

Nearest Downside Decision Level

$1,759.2Range

Momentum

RSI (14)

Momentum is strong

61.8Bullish
MACD (12,26,9)

Histogram is positive

11.555Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

80.7 / 88.8Bearish
Williams %R (14)

Overbought zone

-19.3Bearish
CCI (20)

Strong expansion

131.5Bullish
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

57.3Bullish
OBV slope

20-period OBV slope

5.51%Bullish
Volume ratio

Relative to 20-period average volume

1.64xBullish

Trend

Dow Theory Structure

Confirmation $1,759.2, invalidation $1,864.9

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

Trend strength is moderate

19.6 / 41.8 / 21.0Bullish
Supertrend (10,3)

Price is above Supertrend

$1,817.9Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,868 / $1,875.9Bullish
Donchian Channel (20)

20-period breakout channel position

81%Bullish

Momentum

RSI (14)

Momentum is strong

61.8Bullish
MACD (12,26,9)

Histogram is positive

11.555Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

80.7 / 88.8Bearish
Williams %R (14)

Overbought zone

-19.3Bearish
CCI (20)

Strong expansion

131.5Bullish
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Low volatility

$35.93 (1.87%)Range
Bollinger Bands (20,2)

Width 11.16%

83%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,943.7 / $1,781.8Range
ATR channel lower / upper

Current Volatility Envelope

$1,886.1 / $1,957.9Range

Volume / Money Flow

MFI (14)

Money flow is strong

57.3Bullish
OBV slope

20-period OBV slope

5.51%Bullish
Volume ratio

Relative to 20-period average volume

1.64xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,992.6Range
Support

Nearest Downside Decision Level

$1,759.2Range

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