US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

1 weekBearish74%
Weekly Downside probability 74%Bearish

MELI 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $1,814.1 and stabilize above resistance $2,113.9.

Invalidation Trigger

Break above $2,113.9 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 42.2, MACD -0.008

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $128.78 (7.59%)

Weekly

EMA Structure

Bearish
EMA 8$1,808.8Bearish
EMA 21$1,814.1Bearish
EMA 50$1,875.4Bearish

Signals

CategoryReadStrength
Momentum
RSI 42.2 · MACD -0.008

Momentum is weak

Strength
Bearish
Volatility
ATR $128.78 · BB 25.43%

High volatility

Strength
Bearish
Volume
MFI 48.6 · OBV -76.99%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,495 - $2,113.9

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+32.19% · 4.2 ATR above latest close

$2,242.7
Nearest resistance

+24.6% · 3.2 ATR above · 34-bar high

$2,113.9
Current price

Price shown is delayed

$1,696.6
Nearest support

-11.88% · 1.6 ATR below · 34-bar low

$1,495
Deeper support zone

-19.47% · 2.6 ATR below latest close

$1,366.2
ATR zone

Latest close ± ATR14

$1,567.8 - $1,825.3

Indicators

Trend

Dow Theory Structure

Confirmation $2,066, invalidation $1,759.2

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

Trend strength is moderate

12.6 / 21.0 / 19.7Bullish
Supertrend (10,3)

Price is above Supertrend

$1,293.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

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

20-period breakout channel position

31%Range

Volatility

ATR (14)

High volatility

$128.78 (7.59%)Bearish
Bollinger Bands (20,2)

Width 25.43%

31%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,087.2 / $1,539.2Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,567.8 / $1,825.3Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,113.9Range
Support

Nearest Downside Decision Level

$1,495Range

Momentum

RSI (14)

Momentum is weak

42.2Bearish
MACD (12,26,9)

Histogram is negative

-0.008Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.7 / 30.4Bearish
Williams %R (14)

Oversold zone

-90.3Bullish
CCI (20)

Balanced zone

-55.0Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.6Range
OBV slope

20-period OBV slope

-76.99%Bearish
Volume ratio

Relative to 20-period average volume

1.17xBullish

Trend

Dow Theory Structure

Confirmation $2,066, invalidation $1,759.2

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

Trend strength is moderate

12.6 / 21.0 / 19.7Bullish
Supertrend (10,3)

Price is above Supertrend

$1,293.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

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

20-period breakout channel position

31%Range

Momentum

RSI (14)

Momentum is weak

42.2Bearish
MACD (12,26,9)

Histogram is negative

-0.008Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

9.7 / 30.4Bearish
Williams %R (14)

Oversold zone

-90.3Bullish
CCI (20)

Balanced zone

-55.0Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$128.78 (7.59%)Bearish
Bollinger Bands (20,2)

Width 25.43%

31%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$2,087.2 / $1,539.2Bearish
ATR channel lower / upper

Current Volatility Envelope

$1,567.8 / $1,825.3Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.6Range
OBV slope

20-period OBV slope

-76.99%Bearish
Volume ratio

Relative to 20-period average volume

1.17xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,113.9Range
Support

Nearest Downside Decision Level

$1,495Range

Related Forecasts