US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 monthBearish85%
Monthly Downside probability 85%Bearish

MELI 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $1,850.7 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 39.4, MACD -77.741

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $326.57 (22.14%)

Monthly

EMA Structure

Range
EMA 8$1,725.2Bearish
EMA 21$1,850.7Bearish
EMA 50$1,734.4Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.4 · MACD -77.741

Momentum is weak

Strength
Bearish
Volatility
ATR $326.57 · BB 66.41%

High volatility

Strength
Bearish
Volume
MFI 24.1 · OBV -2216.99%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$1,325 - $2,645.2

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+101.47% · 4.6 ATR above latest close

$2,971.8
Nearest resistance

+79.33% · 3.6 ATR above · 34-bar high

$2,645.2
Current price

Price shown is delayed

$1,475.1
Nearest support

-10.18% · 0.5 ATR below · 34-bar low

$1,325
Deeper support zone

-32.31% · 1.5 ATR below latest close

$998.42
ATR zone

Latest close ± ATR14

$1,148.5 - $1,801.7

Indicators

Trend

Dow Theory Structure

Confirmation $1,495, invalidation $2,066

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

Trend strength is moderate

19.9 / 11.8 / 27.4Bearish
Supertrend (10,3)

Price is above Supertrend

$704.72Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,910.3 / $1,700Bearish
Donchian Channel (20)

20-period breakout channel position

1%Bearish

Volatility

ATR (14)

High volatility

$326.57 (22.14%)Bearish
Bollinger Bands (20,2)

Width 66.41%

9%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,456.9 / $1,241.2Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,148.5 / $1,801.7Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,645.2Range
Support

Nearest Downside Decision Level

$1,325Range

Momentum

RSI (14)

Momentum is weak

39.4Bearish
MACD (12,26,9)

Histogram is negative

-77.741Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

1.0 / 11.8Bearish
Williams %R (14)

Oversold zone

-99.0Bullish
CCI (20)

Weak expansion

-112.9Bearish
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

24.1Bearish
OBV slope

20-period OBV slope

-2216.99%Bearish
Volume ratio

Relative to 20-period average volume

0.66xBearish

Trend

Dow Theory Structure

Confirmation $1,495, invalidation $2,066

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

Trend strength is moderate

19.9 / 11.8 / 27.4Bearish
Supertrend (10,3)

Price is above Supertrend

$704.72Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,910.3 / $1,700Bearish
Donchian Channel (20)

20-period breakout channel position

1%Bearish

Momentum

RSI (14)

Momentum is weak

39.4Bearish
MACD (12,26,9)

Histogram is negative

-77.741Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

1.0 / 11.8Bearish
Williams %R (14)

Oversold zone

-99.0Bullish
CCI (20)

Weak expansion

-112.9Bearish
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$326.57 (22.14%)Bearish
Bollinger Bands (20,2)

Width 66.41%

9%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,456.9 / $1,241.2Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,148.5 / $1,801.7Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

24.1Bearish
OBV slope

20-period OBV slope

-2216.99%Bearish
Volume ratio

Relative to 20-period average volume

0.66xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,645.2Range
Support

Nearest Downside Decision Level

$1,325Range

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