US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 weekBearish91%
Weekly Downside probability 91%Bearish

MELI 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $1,745.5 and stabilize above resistance $2,386.4.

Invalidation Trigger

Break above $2,386.4 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 39.1, MACD 0.246

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $134.04 (8.46%)

Weekly

EMA Structure

Bearish
EMA 8$1,639.8Bearish
EMA 21$1,745.5Bearish
EMA 50$1,898.3Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.1 · MACD 0.246

Momentum is weak

Strength
Bearish
Volatility
ATR $134.04 · BB 29.72%

High volatility

Strength
Bearish
Volume
MFI 41.0 · OBV -58.33%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$1,495.7 - $2,386.4

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+59.15% · 7.0 ATR above latest close

$2,520.5
Nearest resistance

+50.68% · 6.0 ATR above · 34-bar high

$2,386.4
Current price

Price shown is delayed

$1,583.7
Nearest support

-5.56% · 0.7 ATR below · 34-bar low

$1,495.7
Deeper support zone

-14.02% · 1.7 ATR below latest close

$1,361.6
ATR zone

Latest close ± ATR14

$1,449.7 - $1,717.8

Indicators

Trend

Dow Theory Structure

Confirmation $1,733.4, invalidation $1,546.9

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

Trend strength is active

24.1 / 18.4 / 23.2Bearish
Supertrend (10,3)

Price is above Supertrend

$1,189Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,805.4 / $2,062.1Bearish
Donchian Channel (20)

20-period breakout channel position

14%Bearish

Volatility

ATR (14)

High volatility

$134.04 (8.46%)Bearish
Bollinger Bands (20,2)

Width 29.72%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,010.2 / $1,464.8Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,449.7 / $1,717.8Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,386.4Range
Support

Nearest Downside Decision Level

$1,495.7Range

Momentum

RSI (14)

Momentum is weak

39.1Bearish
MACD (12,26,9)

Histogram is positive

0.246Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

21.7 / 26.2Bearish
Williams %R (14)

Neutral zone

-78.3Range
CCI (20)

Balanced zone

-90.9Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

41.0Bearish
OBV slope

20-period OBV slope

-58.33%Bearish
Volume ratio

Relative to 20-period average volume

0.11xBearish

Trend

Dow Theory Structure

Confirmation $1,733.4, invalidation $1,546.9

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

Trend strength is active

24.1 / 18.4 / 23.2Bearish
Supertrend (10,3)

Price is above Supertrend

$1,189Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,805.4 / $2,062.1Bearish
Donchian Channel (20)

20-period breakout channel position

14%Bearish

Momentum

RSI (14)

Momentum is weak

39.1Bearish
MACD (12,26,9)

Histogram is positive

0.246Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

21.7 / 26.2Bearish
Williams %R (14)

Neutral zone

-78.3Range
CCI (20)

Balanced zone

-90.9Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$134.04 (8.46%)Bearish
Bollinger Bands (20,2)

Width 29.72%

23%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,010.2 / $1,464.8Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,449.7 / $1,717.8Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

41.0Bearish
OBV slope

20-period OBV slope

-58.33%Bearish
Volume ratio

Relative to 20-period average volume

0.11xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,386.4Range
Support

Nearest Downside Decision Level

$1,495.7Range

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