US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 hourBullish92%
1h Upside probability 92%Bullish

MELI 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $1,573.8 and reclaim $1,694.5.

Invalidation Trigger

Lose $1,573.8 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 61.4, MACD 10.035

1h
Volatility EnvironmentBullish
Low volatility

ATR is $16.48 (0.99%)

1h

EMA Structure

Bullish
EMA 8$1,652.7Bullish
EMA 21$1,634.3Bullish
EMA 50$1,631.6Bullish

Signals

CategoryReadStrength
Momentum
RSI 61.4 · MACD 10.035

Momentum is strong

Strength
Bullish
Volatility
ATR $16.48 · BB 8.29%

Low volatility

Strength
Bullish
Volume
MFI 48.3 · OBV -4.01%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,573.8 - $1,694.5

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.63% · 2.7 ATR above latest close

$1,711
Nearest resistance

+1.64% · 1.7 ATR above · 34-bar high

$1,694.5
Current price

Price shown is delayed

$1,667.2
Nearest support

-5.61% · 5.7 ATR below · 34-bar low

$1,573.8
Deeper support zone

-6.59% · 6.7 ATR below latest close

$1,557.3
ATR zone

Latest close ± ATR14

$1,650.7 - $1,683.7

Indicators

Trend

Dow Theory Structure

Confirmation $1,683.3, invalidation $1,583.7

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

Trend strength is active

39.8 / 52.5 / 16.4Bullish
Supertrend (10,3)

Price is above Supertrend

$1,611.5Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,631 / $1,642Bullish
Donchian Channel (20)

20-period breakout channel position

85%Bullish

Volatility

ATR (14)

Low volatility

$16.48 (0.99%)Bullish
Bollinger Bands (20,2)

Width 8.29%

87%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,671.1 / $1,598.5Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,650.7 / $1,683.7Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,694.5Range
Support

Nearest Downside Decision Level

$1,573.8Range

Momentum

RSI (14)

Momentum is strong

61.4Bullish
MACD (12,26,9)

Histogram is positive

10.035Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

85.3 / 88.4Bearish
Williams %R (14)

Overbought zone

-14.7Bearish
CCI (20)

Strong expansion

113.7Bullish
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.3Range
OBV slope

20-period OBV slope

-4.01%Bearish
Volume ratio

Relative to 20-period average volume

0.57xBearish

Trend

Dow Theory Structure

Confirmation $1,683.3, invalidation $1,583.7

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

Trend strength is active

39.8 / 52.5 / 16.4Bullish
Supertrend (10,3)

Price is above Supertrend

$1,611.5Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,631 / $1,642Bullish
Donchian Channel (20)

20-period breakout channel position

85%Bullish

Momentum

RSI (14)

Momentum is strong

61.4Bullish
MACD (12,26,9)

Histogram is positive

10.035Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

85.3 / 88.4Bearish
Williams %R (14)

Overbought zone

-14.7Bearish
CCI (20)

Strong expansion

113.7Bullish
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$16.48 (0.99%)Bullish
Bollinger Bands (20,2)

Width 8.29%

87%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,671.1 / $1,598.5Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,650.7 / $1,683.7Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.3Range
OBV slope

20-period OBV slope

-4.01%Bearish
Volume ratio

Relative to 20-period average volume

0.57xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,694.5Range
Support

Nearest Downside Decision Level

$1,573.8Range

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