US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 monthBearish73%
Monthly Downside probability 73%Bearish

MELI 1M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Monthly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $1,930 and stabilize above resistance $2,635.4.

Invalidation Trigger

Break above $2,635.4 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Monthly
Momentum StateBearish
Momentum soft

RSI 41.4, MACD -104.505

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $319.36 (20.16%)

Monthly

EMA Structure

Range
EMA 8$1,834.9Bearish
EMA 21$1,930Bearish
EMA 50$1,747.8Bearish

Signals

CategoryReadStrength
Momentum
RSI 41.4 · MACD -104.505

Momentum is weak

Strength
Bearish
Volatility
ATR $319.36 · BB 58.76%

High volatility

Strength
Bearish
Volume
MFI 27.9 · OBV -378.89%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$1,145.7 - $2,635.4

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+86.57% · 4.3 ATR above latest close

$2,954.7
Nearest resistance

+66.4% · 3.3 ATR above · 34-bar high

$2,635.4
Current price

Price shown is delayed

$1,583.7
Nearest support

-27.66% · 1.4 ATR below · 34-bar low

$1,145.7
Deeper support zone

-47.82% · 2.4 ATR below latest close

$826.32
ATR zone

Latest close ± ATR14

$1,264.4 - $1,903.1

Indicators

Trend

Dow Theory Structure

Confirmation $2,635.4, invalidation $1,897.3

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

Trend strength is active

22.5 / 13.7 / 22.8Bearish
Supertrend (10,3)

Price is above Supertrend

$655.23Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,996.1 / $1,618.1Bearish
Donchian Channel (20)

20-period breakout channel position

8%Bearish

Volatility

ATR (14)

High volatility

$319.36 (20.16%)Bearish
Bollinger Bands (20,2)

Width 58.76%

10%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,589.2 / $1,276Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,264.4 / $1,903.1Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,635.4Range
Support

Nearest Downside Decision Level

$1,145.7Range

Momentum

RSI (14)

Momentum is weak

41.4Bearish
MACD (12,26,9)

Histogram is negative

-104.505Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

7.7 / 14.8Bearish
Williams %R (14)

Oversold zone

-92.3Bullish
CCI (20)

Weak expansion

-127.3Bearish
TD Sequential

Exhaustion setup is near completion

buy 10Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

27.9Bearish
OBV slope

20-period OBV slope

-378.89%Bearish
Volume ratio

Relative to 20-period average volume

0.66xBearish

Trend

Dow Theory Structure

Confirmation $2,635.4, invalidation $1,897.3

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

Trend strength is active

22.5 / 13.7 / 22.8Bearish
Supertrend (10,3)

Price is above Supertrend

$655.23Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,996.1 / $1,618.1Bearish
Donchian Channel (20)

20-period breakout channel position

8%Bearish

Momentum

RSI (14)

Momentum is weak

41.4Bearish
MACD (12,26,9)

Histogram is negative

-104.505Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

7.7 / 14.8Bearish
Williams %R (14)

Oversold zone

-92.3Bullish
CCI (20)

Weak expansion

-127.3Bearish
TD Sequential

Exhaustion setup is near completion

buy 10Bullish

Volatility

ATR (14)

High volatility

$319.36 (20.16%)Bearish
Bollinger Bands (20,2)

Width 58.76%

10%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,589.2 / $1,276Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,264.4 / $1,903.1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

27.9Bearish
OBV slope

20-period OBV slope

-378.89%Bearish
Volume ratio

Relative to 20-period average volume

0.66xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,635.4Range
Support

Nearest Downside Decision Level

$1,145.7Range

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