US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 monthBearish80%
Monthly Downside probability 80%Bearish

MELI 1M chart

EMA21EMA50Bollinger
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Market View

Market Shift

Monthly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $1,894.9 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 44.5, MACD -64.806

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $303.57 (17.89%)

Monthly

EMA Structure

Range
EMA 8$1,812.7Bearish
EMA 21$1,894.9Bearish
EMA 50$1,747.8Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.5 · MACD -64.806

Momentum is weak

Strength
Bearish
Volatility
ATR $303.57 · BB 59.97%

High volatility

Strength
Bearish
Volume
MFI 24.4 · OBV -320.64%

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

+73.81% · 4.1 ATR above latest close

$2,948.8
Nearest resistance

+55.92% · 3.1 ATR above · 34-bar high

$2,645.2
Current price

Price shown is delayed

$1,696.6
Nearest support

-21.9% · 1.2 ATR below · 34-bar low

$1,325
Deeper support zone

-39.79% · 2.2 ATR below latest close

$1,021.4
ATR zone

Latest close ± ATR14

$1,393 - $2,000.1

Indicators

Trend

Dow Theory Structure

Confirmation $2,645.2, invalidation $1,495

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

Trend strength is moderate

19.3 / 13.7 / 24.7Bearish
Supertrend (10,3)

Price is above Supertrend

$850.16Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,955 / $1,630.4Bearish
Donchian Channel (20)

20-period breakout channel position

18%Bearish

Volatility

ATR (14)

High volatility

$303.57 (17.89%)Bearish
Bollinger Bands (20,2)

Width 59.97%

21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,461.8 / $1,328.8Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,393 / $2,000.1Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,645.2Range
Support

Nearest Downside Decision Level

$1,325Range

Momentum

RSI (14)

Momentum is weak

44.5Bearish
MACD (12,26,9)

Histogram is negative

-64.806Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.1 / 26.5Bearish
Williams %R (14)

Oversold zone

-80.9Bullish
CCI (20)

Balanced zone

-93.2Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

24.4Bearish
OBV slope

20-period OBV slope

-320.64%Bearish
Volume ratio

Relative to 20-period average volume

0.14xBearish

Trend

Dow Theory Structure

Confirmation $2,645.2, invalidation $1,495

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

Trend strength is moderate

19.3 / 13.7 / 24.7Bearish
Supertrend (10,3)

Price is above Supertrend

$850.16Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,955 / $1,630.4Bearish
Donchian Channel (20)

20-period breakout channel position

18%Bearish

Momentum

RSI (14)

Momentum is weak

44.5Bearish
MACD (12,26,9)

Histogram is negative

-64.806Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.1 / 26.5Bearish
Williams %R (14)

Oversold zone

-80.9Bullish
CCI (20)

Balanced zone

-93.2Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$303.57 (17.89%)Bearish
Bollinger Bands (20,2)

Width 59.97%

21%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,461.8 / $1,328.8Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,393 / $2,000.1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

24.4Bearish
OBV slope

20-period OBV slope

-320.64%Bearish
Volume ratio

Relative to 20-period average volume

0.14xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,645.2Range
Support

Nearest Downside Decision Level

$1,325Range

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