US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 hourBullish87%
1h Upside probability 87%Bullish

MELI 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Hold above $1,672.2 and reclaim $1,739.5.

Invalidation Trigger

Lose $1,672.2 and MACD turns lower again.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 51.1, MACD 1.722

1h
Volatility EnvironmentBullish
Low volatility

ATR is $9.17 (0.54%)

1h

EMA Structure

Bearish
EMA 8$1,691.7Bullish
EMA 21$1,694.9Bullish
EMA 50$1,707Bearish

Signals

CategoryReadStrength
Momentum
RSI 51.1 · MACD 1.722

Neutral zone

Strength
Bullish
Volatility
ATR $9.17 · BB 1.18%

Low volatility

Strength
Bullish
Volume
MFI 60.3 · OBV -1.94%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,672.2 - $1,739.5

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.93% · 5.4 ATR above latest close

$1,748.7
Nearest resistance

+2.39% · 4.4 ATR above · 34-bar high

$1,739.5
Current price

Price shown is delayed

$1,699
Nearest support

-1.58% · 2.9 ATR below · 34-bar low

$1,672.2
Deeper support zone

-2.12% · 3.9 ATR below latest close

$1,663
ATR zone

Latest close ± ATR14

$1,689.9 - $1,708.2

Indicators

Trend

Dow Theory Structure

Confirmation $1,703.7, invalidation $1,682.1

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

Trend strength is active

29.6 / 21.3 / 7.0Bullish
Supertrend (10,3)

Price is above Supertrend

$1,665.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,698.4 / $1,706Bearish
Donchian Channel (20)

20-period breakout channel position

82%Range

Volatility

ATR (14)

Low volatility

$9.17 (0.54%)Bullish
Bollinger Bands (20,2)

Width 1.18%

92%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,716.3 / $1,672.7Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,689.9 / $1,708.2Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,739.5Range
Support

Nearest Downside Decision Level

$1,672.2Range

Momentum

RSI (14)

Neutral zone

51.1Range
MACD (12,26,9)

Histogram is positive

1.722Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

78.4 / 52.1Bullish
Williams %R (14)

Neutral zone

-21.6Range
CCI (20)

Strong expansion

152.6Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

60.3Bullish
OBV slope

20-period OBV slope

-1.94%Bearish
Volume ratio

Relative to 20-period average volume

1.68xBullish

Trend

Dow Theory Structure

Confirmation $1,703.7, invalidation $1,682.1

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

Trend strength is active

29.6 / 21.3 / 7.0Bullish
Supertrend (10,3)

Price is above Supertrend

$1,665.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,698.4 / $1,706Bearish
Donchian Channel (20)

20-period breakout channel position

82%Range

Momentum

RSI (14)

Neutral zone

51.1Range
MACD (12,26,9)

Histogram is positive

1.722Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

78.4 / 52.1Bullish
Williams %R (14)

Neutral zone

-21.6Range
CCI (20)

Strong expansion

152.6Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$9.17 (0.54%)Bullish
Bollinger Bands (20,2)

Width 1.18%

92%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,716.3 / $1,672.7Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,689.9 / $1,708.2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

60.3Bullish
OBV slope

20-period OBV slope

-1.94%Bearish
Volume ratio

Relative to 20-period average volume

1.68xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,739.5Range
Support

Nearest Downside Decision Level

$1,672.2Range

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