US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 monthBearish74%
Monthly Downside probability 74%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 $1,905.2 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 47.7, MACD -57.557

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $316.76 (17.5%)

Monthly

EMA Structure

Range
EMA 8$1,837.9Bearish
EMA 21$1,905.2Bearish
EMA 50$1,752.3Bullish

Signals

CategoryReadStrength
Momentum
RSI 47.7 · MACD -57.557

Neutral zone

Strength
Bearish
Volatility
ATR $316.76 · BB 58.71%

High volatility

Strength
Bearish
Volume
MFI 23.6 · OBV -228.21%

Relative to 20-period average volume

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

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+63.63% · 3.6 ATR above latest close

$2,962
Nearest resistance

+46.13% · 2.6 ATR above · 34-bar high

$2,645.2
Current price

Price shown is delayed

$1,810.2
Nearest support

-26.8% · 1.5 ATR below · 34-bar low

$1,325
Deeper support zone

-44.3% · 2.5 ATR below latest close

$1,008.2
ATR zone

Latest close ± ATR14

$1,493.4 - $2,126.9

Indicators

Trend

Dow Theory Structure

Confirmation $2,645.2, invalidation $1,495

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

Trend strength is moderate

19.3 / 13.1 / 23.7Bearish
Supertrend (10,3)

Price is above Supertrend

$887.09Bullish
Ichimoku Cloud

Cloud Span A / Span B

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

20-period breakout channel position

27%Range

Volatility

ATR (14)

High volatility

$316.76 (17.5%)Bearish
Bollinger Bands (20,2)

Width 58.71%

29%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,509.5 / $1,302.7Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,493.4 / $2,126.9Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,645.2Range
Support

Nearest Downside Decision Level

$1,325Range

Momentum

RSI (14)

Neutral zone

47.7Range
MACD (12,26,9)

Histogram is negative

-57.557Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

29.9 / 30.1Bearish
Williams %R (14)

Neutral zone

-70.1Range
CCI (20)

Balanced zone

-69.2Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

23.6Bearish
OBV slope

20-period OBV slope

-228.21%Bearish
Volume ratio

Relative to 20-period average volume

0.59xBearish

Trend

Dow Theory Structure

Confirmation $2,645.2, invalidation $1,495

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

Trend strength is moderate

19.3 / 13.1 / 23.7Bearish
Supertrend (10,3)

Price is above Supertrend

$887.09Bullish
Ichimoku Cloud

Cloud Span A / Span B

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

20-period breakout channel position

27%Range

Momentum

RSI (14)

Neutral zone

47.7Range
MACD (12,26,9)

Histogram is negative

-57.557Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

29.9 / 30.1Bearish
Williams %R (14)

Neutral zone

-70.1Range
CCI (20)

Balanced zone

-69.2Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

High volatility

$316.76 (17.5%)Bearish
Bollinger Bands (20,2)

Width 58.71%

29%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,509.5 / $1,302.7Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,493.4 / $2,126.9Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

23.6Bearish
OBV slope

20-period OBV slope

-228.21%Bearish
Volume ratio

Relative to 20-period average volume

0.59xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,645.2Range
Support

Nearest Downside Decision Level

$1,325Range

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