US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 monthBearish72%
Monthly Downside probability 72%Bearish

MELI 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $1,932.6 and stabilize above resistance $2,645.2.

Invalidation Trigger

Break above $2,645.2 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Monthly
Momentum StateBearish
Momentum soft

RSI 49.0, MACD -84.685

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $311.83 (16.68%)

Monthly

EMA Structure

Range
EMA 8$1,862.3Bullish
EMA 21$1,932.6Bearish
EMA 50$1,743Bullish

Signals

CategoryReadStrength
Momentum
RSI 49.0 · MACD -84.685

Neutral zone

Strength
Bearish
Volatility
ATR $311.83 · BB 57.73%

High volatility

Strength
Bearish
Volume
MFI 21.7 · OBV -150.21%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$1,141 - $2,645.2

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+58.13% · 3.5 ATR above latest close

$2,957.1
Nearest resistance

+41.46% · 2.5 ATR above · 34-bar high

$2,645.2
Current price

Price shown is delayed

$1,870
Nearest support

-38.98% · 2.3 ATR below · 34-bar low

$1,141
Deeper support zone

-55.66% · 3.3 ATR below latest close

$829.21
ATR zone

Latest close ± ATR14

$1,558.2 - $2,181.8

Indicators

Trend

Dow Theory Structure

Confirmation $2,645.2, invalidation $1,495

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

Trend strength is active

22.1 / 11.1 / 23.3Bearish
Supertrend (10,3)

Price is above Supertrend

$817.54Bullish
Ichimoku Cloud

Cloud Span A / Span B

$2,005.7 / $1,623Bearish
Donchian Channel (20)

20-period breakout channel position

33%Range

Volatility

ATR (14)

High volatility

$311.83 (16.68%)Bearish
Bollinger Bands (20,2)

Width 57.73%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,594.1 / $1,276.9Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,558.2 / $2,181.8Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,645.2Range
Support

Nearest Downside Decision Level

$1,141Range

Momentum

RSI (14)

Neutral zone

49.0Range
MACD (12,26,9)

Histogram is negative

-84.685Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

32.6 / 22.5Bullish
Williams %R (14)

Neutral zone

-67.4Range
CCI (20)

Balanced zone

-66.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

21.7Bearish
OBV slope

20-period OBV slope

-150.21%Bearish
Volume ratio

Relative to 20-period average volume

0.27xBearish

Trend

Dow Theory Structure

Confirmation $2,645.2, invalidation $1,495

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

Trend strength is active

22.1 / 11.1 / 23.3Bearish
Supertrend (10,3)

Price is above Supertrend

$817.54Bullish
Ichimoku Cloud

Cloud Span A / Span B

$2,005.7 / $1,623Bearish
Donchian Channel (20)

20-period breakout channel position

33%Range

Momentum

RSI (14)

Neutral zone

49.0Range
MACD (12,26,9)

Histogram is negative

-84.685Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

32.6 / 22.5Bullish
Williams %R (14)

Neutral zone

-67.4Range
CCI (20)

Balanced zone

-66.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$311.83 (16.68%)Bearish
Bollinger Bands (20,2)

Width 57.73%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,594.1 / $1,276.9Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,558.2 / $2,181.8Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

21.7Bearish
OBV slope

20-period OBV slope

-150.21%Bearish
Volume ratio

Relative to 20-period average volume

0.27xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,645.2Range
Support

Nearest Downside Decision Level

$1,141Range

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