US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

4 hoursBullish81%
4h Upside probability 81%Bullish

MELI 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $1,733.9 and reclaim $1,897.3.

Invalidation Trigger

Lose $1,733.9 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateRange
Momentum mixed

RSI 66.1, MACD -1.414

4h
Volatility EnvironmentBullish
Low volatility

ATR is $23.98 (1.28%)

4h

EMA Structure

Bullish
EMA 8$1,860.9Bullish
EMA 21$1,836.3Bullish
EMA 50$1,783.7Bullish

Signals

CategoryReadStrength
Momentum
RSI 66.1 · MACD -1.414

Momentum is strong

Strength
Range
Volatility
ATR $23.98 · BB 7.09%

Low volatility

Strength
Bullish
Volume
MFI 70.0 · OBV 5.89%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$1,733.9 - $1,897.3

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.74% · 2.1 ATR above latest close

$1,921.2
Nearest resistance

+1.46% · 1.1 ATR above · 34-bar high

$1,897.3
Current price

Price shown is delayed

$1,870
Nearest support

-7.28% · 5.7 ATR below · 34-bar low

$1,733.9
Deeper support zone

-8.56% · 6.7 ATR below latest close

$1,709.9
ATR zone

Latest close ± ATR14

$1,846 - $1,894

Indicators

Trend

Dow Theory Structure

Confirmation $1,842, invalidation $1,880.5

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

Trend strength is active

25.1 / 38.9 / 9.9Bullish
Supertrend (10,3)

Price is above Supertrend

$1,803.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,849.4 / $1,748.7Bullish
Donchian Channel (20)

20-period breakout channel position

80%Bullish

Volatility

ATR (14)

Low volatility

$23.98 (1.28%)Bullish
Bollinger Bands (20,2)

Width 7.09%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,883.9 / $1,792.8Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,846 / $1,894Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,897.3Range
Support

Nearest Downside Decision Level

$1,733.9Range

Momentum

RSI (14)

Momentum is strong

66.1Bullish
MACD (12,26,9)

Histogram is negative

-1.414Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

74.9 / 77.4Bearish
Williams %R (14)

Neutral zone

-25.1Range
CCI (20)

Balanced zone

78.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

70.0Bullish
OBV slope

20-period OBV slope

5.89%Bullish
Volume ratio

Relative to 20-period average volume

1.03xRange

Trend

Dow Theory Structure

Confirmation $1,842, invalidation $1,880.5

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

Trend strength is active

25.1 / 38.9 / 9.9Bullish
Supertrend (10,3)

Price is above Supertrend

$1,803.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,849.4 / $1,748.7Bullish
Donchian Channel (20)

20-period breakout channel position

80%Bullish

Momentum

RSI (14)

Momentum is strong

66.1Bullish
MACD (12,26,9)

Histogram is negative

-1.414Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

74.9 / 77.4Bearish
Williams %R (14)

Neutral zone

-25.1Range
CCI (20)

Balanced zone

78.6Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$23.98 (1.28%)Bullish
Bollinger Bands (20,2)

Width 7.09%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,883.9 / $1,792.8Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,846 / $1,894Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

70.0Bullish
OBV slope

20-period OBV slope

5.89%Bullish
Volume ratio

Relative to 20-period average volume

1.03xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,897.3Range
Support

Nearest Downside Decision Level

$1,733.9Range

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