US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 weekBullish80%
Weekly Upside probability 80%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 55.7, MACD 42.003

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $126.85 (6.64%)

Weekly

EMA Structure

Range
EMA 8$1,810.6Bullish
EMA 21$1,792.8Bullish
EMA 50$1,888.8Bullish

Signals

CategoryReadStrength
Momentum
RSI 55.7 · MACD 42.003

Momentum is strong

Strength
Bullish
Volatility
ATR $126.85 · BB 25.14%

High volatility

Strength
Bearish
Volume
MFI 43.3 · OBV 95.33%

Relative to 20-period average volume

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

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+29.25% · 4.4 ATR above latest close

$2,468.8
Nearest resistance

+22.61% · 3.4 ATR above · 34-bar high

$2,342
Current price

Price shown is delayed

$1,910.2
Nearest support

-21.73% · 3.3 ATR below · 34-bar low

$1,495
Deeper support zone

-28.38% · 4.3 ATR below latest close

$1,368.2
ATR zone

Latest close ± ATR14

$1,783.3 - $2,037

Indicators

Trend

Dow Theory Structure

Confirmation $1,905.5, invalidation $1,546

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

Trend strength is moderate

18.9 / 24.3 / 20.3Bullish
Supertrend (10,3)

Price is above Supertrend

$1,574.8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,770.2 / $2,021.7Bearish
Donchian Channel (20)

20-period breakout channel position

96%Range

Volatility

ATR (14)

High volatility

$126.85 (6.64%)Bearish
Bollinger Bands (20,2)

Width 25.14%

90%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$2,007.6 / $1,572.7Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,783.3 / $2,037Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,342Range
Support

Nearest Downside Decision Level

$1,495Range

Momentum

RSI (14)

Momentum is strong

55.7Bullish
MACD (12,26,9)

Histogram is positive

42.003Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

96.3 / 88.1Bullish
Williams %R (14)

Overbought zone

-3.7Bearish
CCI (20)

Strong expansion

125.0Bullish
TD Sequential

Setup is not extreme

sell 6Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.3Bearish
OBV slope

20-period OBV slope

95.33%Bullish
Volume ratio

Relative to 20-period average volume

0.11xBearish

Trend

Dow Theory Structure

Confirmation $1,905.5, invalidation $1,546

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

Trend strength is moderate

18.9 / 24.3 / 20.3Bullish
Supertrend (10,3)

Price is above Supertrend

$1,574.8Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,770.2 / $2,021.7Bearish
Donchian Channel (20)

20-period breakout channel position

96%Range

Momentum

RSI (14)

Momentum is strong

55.7Bullish
MACD (12,26,9)

Histogram is positive

42.003Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

96.3 / 88.1Bullish
Williams %R (14)

Overbought zone

-3.7Bearish
CCI (20)

Strong expansion

125.0Bullish
TD Sequential

Setup is not extreme

sell 6Bearish

Volatility

ATR (14)

High volatility

$126.85 (6.64%)Bearish
Bollinger Bands (20,2)

Width 25.14%

90%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$2,007.6 / $1,572.7Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,783.3 / $2,037Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.3Bearish
OBV slope

20-period OBV slope

95.33%Bullish
Volume ratio

Relative to 20-period average volume

0.11xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,342Range
Support

Nearest Downside Decision Level

$1,495Range

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