US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 weekBullish73%
Weekly Upside probability 73%Bullish

MELI 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $1,495 and reclaim $2,342.

Invalidation Trigger

Lose $1,495 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 53.4, MACD 35.438

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $131.33 (6.92%)

Weekly

EMA Structure

Range
EMA 8$1,888.6Bullish
EMA 21$1,837.7Bullish
EMA 50$1,892.1Bullish

Signals

CategoryReadStrength
Momentum
RSI 53.4 · MACD 35.438

Neutral zone

Strength
Bullish
Volatility
ATR $131.33 · BB 28.94%

High volatility

Strength
Bearish
Volume
MFI 60.8 · OBV -33.80%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,495 - $2,342

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+30.36% · 4.4 ATR above latest close

$2,473.3
Nearest resistance

+23.43% · 3.4 ATR above · 34-bar high

$2,342
Current price

Price shown is delayed

$1,897.4
Nearest support

-21.21% · 3.1 ATR below · 34-bar low

$1,495
Deeper support zone

-28.13% · 4.1 ATR below latest close

$1,363.7
ATR zone

Latest close ± ATR14

$1,766 - $2,028.7

Indicators

Trend

Dow Theory Structure

Confirmation $1,905.5, invalidation $1,759.2

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

Trend strength is moderate

13.1 / 22.9 / 15.4Bullish
Supertrend (10,3)

Price is above Supertrend

$1,493.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,846.6 / $2,021.7Bearish
Donchian Channel (20)

20-period breakout channel position

70%Range

Volatility

ATR (14)

High volatility

$131.33 (6.92%)Bearish
Bollinger Bands (20,2)

Width 28.94%

74%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$2,106.1 / $1,569.8Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,766 / $2,028.7Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,342Range
Support

Nearest Downside Decision Level

$1,495Range

Momentum

RSI (14)

Neutral zone

53.4Range
MACD (12,26,9)

Histogram is positive

35.438Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.6 / 80.4Bearish
Williams %R (14)

Neutral zone

-32.4Range
CCI (20)

Balanced zone

75.4Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

60.8Bullish
OBV slope

20-period OBV slope

-33.80%Bearish
Volume ratio

Relative to 20-period average volume

0.66xBearish

Trend

Dow Theory Structure

Confirmation $1,905.5, invalidation $1,759.2

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

Trend strength is moderate

13.1 / 22.9 / 15.4Bullish
Supertrend (10,3)

Price is above Supertrend

$1,493.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,846.6 / $2,021.7Bearish
Donchian Channel (20)

20-period breakout channel position

70%Range

Momentum

RSI (14)

Neutral zone

53.4Range
MACD (12,26,9)

Histogram is positive

35.438Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.6 / 80.4Bearish
Williams %R (14)

Neutral zone

-32.4Range
CCI (20)

Balanced zone

75.4Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

High volatility

$131.33 (6.92%)Bearish
Bollinger Bands (20,2)

Width 28.94%

74%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$2,106.1 / $1,569.8Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,766 / $2,028.7Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

60.8Bullish
OBV slope

20-period OBV slope

-33.80%Bearish
Volume ratio

Relative to 20-period average volume

0.66xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,342Range
Support

Nearest Downside Decision Level

$1,495Range

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