US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 weekBearish56%
Weekly Downside probability 56%Bearish

MELI 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $1,773.4 and stabilize above resistance $2,342.

Invalidation Trigger

Break above $2,342 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 53.6, MACD 36.205

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $133.72 (7.15%)

Weekly

EMA Structure

Bearish
EMA 8$1,754Bullish
EMA 21$1,773.4Bullish
EMA 50$1,894Bearish

Signals

CategoryReadStrength
Momentum
RSI 53.6 · MACD 36.205

Neutral zone

Strength
Bullish
Volatility
ATR $133.72 · BB 23.43%

High volatility

Strength
Bearish
Volume
MFI 43.1 · OBV -77.24%

Relative to 20-period average volume

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

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+32.39% · 4.5 ATR above latest close

$2,475.7
Nearest resistance

+25.24% · 3.5 ATR above · 34-bar high

$2,342
Current price

Price shown is delayed

$1,870
Nearest support

-20.05% · 2.8 ATR below · 34-bar low

$1,495
Deeper support zone

-27.2% · 3.8 ATR below latest close

$1,361.3
ATR zone

Latest close ± ATR14

$1,736.3 - $2,003.7

Indicators

Trend

Dow Theory Structure

Confirmation $1,733.8, invalidation $1,546

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

Trend strength is active

22.4 / 21.2 / 21.2Bearish
Supertrend (10,3)

Price is above Supertrend

$1,501.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,815.7 / $2,021.7Bearish
Donchian Channel (20)

20-period breakout channel position

92%Range

Volatility

ATR (14)

High volatility

$133.72 (7.15%)Bearish
Bollinger Bands (20,2)

Width 23.43%

89%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$2,014.2 / $1,523.1Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,736.3 / $2,003.7Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,342Range
Support

Nearest Downside Decision Level

$1,495Range

Momentum

RSI (14)

Neutral zone

53.6Range
MACD (12,26,9)

Histogram is positive

36.205Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

91.9 / 81.7Bullish
Williams %R (14)

Overbought zone

-8.1Bearish
CCI (20)

Strong expansion

138.3Bullish
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.1Bearish
OBV slope

20-period OBV slope

-77.24%Bearish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Trend

Dow Theory Structure

Confirmation $1,733.8, invalidation $1,546

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

Trend strength is active

22.4 / 21.2 / 21.2Bearish
Supertrend (10,3)

Price is above Supertrend

$1,501.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,815.7 / $2,021.7Bearish
Donchian Channel (20)

20-period breakout channel position

92%Range

Momentum

RSI (14)

Neutral zone

53.6Range
MACD (12,26,9)

Histogram is positive

36.205Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

91.9 / 81.7Bullish
Williams %R (14)

Overbought zone

-8.1Bearish
CCI (20)

Strong expansion

138.3Bullish
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$133.72 (7.15%)Bearish
Bollinger Bands (20,2)

Width 23.43%

89%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$2,014.2 / $1,523.1Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,736.3 / $2,003.7Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.1Bearish
OBV slope

20-period OBV slope

-77.24%Bearish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,342Range
Support

Nearest Downside Decision Level

$1,495Range

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