US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 weekBearish62%
Weekly Downside probability 62%Bearish

MELI 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $1,821 and stabilize above resistance $2,066.

Invalidation Trigger

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

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Weekly
Momentum StateRange
Momentum mixed

RSI 49.0, MACD 2.972

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $131.44 (7.26%)

Weekly

EMA Structure

Range
EMA 8$1,824.4Bearish
EMA 21$1,821Bearish
EMA 50$1,871.8Bearish

Signals

CategoryReadStrength
Momentum
RSI 49.0 · MACD 2.972

Neutral zone

Strength
Range
Volatility
ATR $131.44 · BB 22.32%

High volatility

Strength
Bearish
Volume
MFI 43.4 · OBV -12.98%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$1,495 - $2,066

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+21.4% · 2.9 ATR above latest close

$2,197.4
Nearest resistance

+14.13% · 1.9 ATR above · 34-bar high

$2,066
Current price

Price shown is delayed

$1,810.2
Nearest support

-17.41% · 2.4 ATR below · 34-bar low

$1,495
Deeper support zone

-24.67% · 3.4 ATR below latest close

$1,363.6
ATR zone

Latest close ± ATR14

$1,678.7 - $1,941.6

Indicators

Trend

Dow Theory Structure

Confirmation $2,066, invalidation $1,668.4

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

Trend strength is moderate

12.7 / 18.6 / 20.3Bearish
Supertrend (10,3)

Price is above Supertrend

$1,436.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,823.9 / $1,961.5Bearish
Donchian Channel (20)

20-period breakout channel position

51%Range

Volatility

ATR (14)

High volatility

$131.44 (7.26%)Bearish
Bollinger Bands (20,2)

Width 22.32%

50%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,091.1 / $1,550.3Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,678.7 / $1,941.6Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,066Range
Support

Nearest Downside Decision Level

$1,495Range

Momentum

RSI (14)

Neutral zone

49.0Range
MACD (12,26,9)

Histogram is positive

2.972Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.6 / 44.3Bearish
Williams %R (14)

Neutral zone

-64.4Range
CCI (20)

Balanced zone

16.8Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.4Bearish
OBV slope

20-period OBV slope

-12.98%Bearish
Volume ratio

Relative to 20-period average volume

0.76xBearish

Trend

Dow Theory Structure

Confirmation $2,066, invalidation $1,668.4

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

Trend strength is moderate

12.7 / 18.6 / 20.3Bearish
Supertrend (10,3)

Price is above Supertrend

$1,436.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,823.9 / $1,961.5Bearish
Donchian Channel (20)

20-period breakout channel position

51%Range

Momentum

RSI (14)

Neutral zone

49.0Range
MACD (12,26,9)

Histogram is positive

2.972Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

35.6 / 44.3Bearish
Williams %R (14)

Neutral zone

-64.4Range
CCI (20)

Balanced zone

16.8Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$131.44 (7.26%)Bearish
Bollinger Bands (20,2)

Width 22.32%

50%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,091.1 / $1,550.3Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,678.7 / $1,941.6Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.4Bearish
OBV slope

20-period OBV slope

-12.98%Bearish
Volume ratio

Relative to 20-period average volume

0.76xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,066Range
Support

Nearest Downside Decision Level

$1,495Range

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