US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 weekBearish92%
Weekly Downside probability 92%Bearish

MELI 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $1,749.1 and stabilize above resistance $2,066.

Invalidation Trigger

Break above $2,066 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 35.0, MACD -35.386

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $149.4 (10.13%)

Weekly

EMA Structure

Bearish
EMA 8$1,665.6Bearish
EMA 21$1,749.1Bearish
EMA 50$1,833.7Bearish

Signals

CategoryReadStrength
Momentum
RSI 35.0 · MACD -35.386

Momentum is weak

Strength
Bearish
Volatility
ATR $149.4 · BB 29.01%

High volatility

Strength
Bearish
Volume
MFI 34.7 · OBV -3440.49%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$1,465.1 - $2,066

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+50.19% · 5.0 ATR above latest close

$2,215.4
Nearest resistance

+40.06% · 4.0 ATR above · 34-bar high

$2,066
Current price

Price shown is delayed

$1,475.1
Nearest support

-0.68% · 0.1 ATR below · 34-bar low

$1,465.1
Deeper support zone

-10.81% · 1.1 ATR below latest close

$1,315.7
ATR zone

Latest close ± ATR14

$1,325.7 - $1,624.5

Indicators

Trend

Dow Theory Structure

Confirmation $1,668.4, invalidation $1,916

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

19.5 / 13.4 / 29.8Bearish
Supertrend (10,3)

Price is above Supertrend

$1,055.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,728 / $1,903.5Bearish
Donchian Channel (20)

20-period breakout channel position

2%Bearish

Volatility

ATR (14)

High volatility

$149.4 (10.13%)Bearish
Bollinger Bands (20,2)

Width 29.01%

-12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,041.2 / $1,450.2Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,325.7 / $1,624.5Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,066Range
Support

Nearest Downside Decision Level

$1,465.1Range

Momentum

RSI (14)

Momentum is weak

35.0Bearish
MACD (12,26,9)

Histogram is negative

-35.386Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

1.7 / 6.1Bearish
Williams %R (14)

Oversold zone

-98.3Bullish
CCI (20)

Weak expansion

-232.5Bearish
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

34.7Bearish
OBV slope

20-period OBV slope

-3440.49%Bearish
Volume ratio

Relative to 20-period average volume

1.00xRange

Trend

Dow Theory Structure

Confirmation $1,668.4, invalidation $1,916

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

19.5 / 13.4 / 29.8Bearish
Supertrend (10,3)

Price is above Supertrend

$1,055.3Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,728 / $1,903.5Bearish
Donchian Channel (20)

20-period breakout channel position

2%Bearish

Momentum

RSI (14)

Momentum is weak

35.0Bearish
MACD (12,26,9)

Histogram is negative

-35.386Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

1.7 / 6.1Bearish
Williams %R (14)

Oversold zone

-98.3Bullish
CCI (20)

Weak expansion

-232.5Bearish
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$149.4 (10.13%)Bearish
Bollinger Bands (20,2)

Width 29.01%

-12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,041.2 / $1,450.2Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,325.7 / $1,624.5Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

34.7Bearish
OBV slope

20-period OBV slope

-3440.49%Bearish
Volume ratio

Relative to 20-period average volume

1.00xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,066Range
Support

Nearest Downside Decision Level

$1,465.1Range

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