US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

4 hoursBullish92%
4h Upside probability 92%Bullish

MELI 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Hold above $1,771.4 and reclaim $1,926.

Invalidation Trigger

Lose $1,771.4 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 59.9, MACD 2.198

4h
Volatility EnvironmentBullish
Low volatility

ATR is $26.05 (1.37%)

4h

EMA Structure

Bullish
EMA 8$1,886.5Bullish
EMA 21$1,869Bullish
EMA 50$1,845.5Bullish

Signals

CategoryReadStrength
Momentum
RSI 59.9 · MACD 2.198

Momentum is strong

Strength
Bullish
Volatility
ATR $26.05 · BB 3.83%

Low volatility

Strength
Bullish
Volume
MFI 41.2 · OBV -1.55%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$1,771.4 - $1,926

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.79% · 2.0 ATR above latest close

$1,952
Nearest resistance

+1.42% · 1.0 ATR above · 34-bar high

$1,926
Current price

Price shown is delayed

$1,899
Nearest support

-6.72% · 4.9 ATR below · 34-bar low

$1,771.4
Deeper support zone

-8.09% · 5.9 ATR below latest close

$1,745.4
ATR zone

Latest close ± ATR14

$1,873 - $1,925

Indicators

Trend

Dow Theory Structure

Confirmation $1,926, invalidation $1,854.4

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

Trend strength is active

24.5 / 33.1 / 18.3Bullish
Supertrend (10,3)

Price is above Supertrend

$1,822.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,877 / $1,848.7Bullish
Donchian Channel (20)

20-period breakout channel position

75%Bullish

Volatility

ATR (14)

Low volatility

$26.05 (1.37%)Bullish
Bollinger Bands (20,2)

Width 3.83%

89%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,919.9 / $1,820.3Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,873 / $1,925Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,926Range
Support

Nearest Downside Decision Level

$1,771.4Range

Momentum

RSI (14)

Momentum is strong

59.9Bullish
MACD (12,26,9)

Histogram is positive

2.198Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

71.5 / 66.5Bullish
Williams %R (14)

Neutral zone

-28.5Range
CCI (20)

Strong expansion

117.9Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

41.2Bearish
OBV slope

20-period OBV slope

-1.55%Bearish
Volume ratio

Relative to 20-period average volume

1.68xBullish

Trend

Dow Theory Structure

Confirmation $1,926, invalidation $1,854.4

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

Trend strength is active

24.5 / 33.1 / 18.3Bullish
Supertrend (10,3)

Price is above Supertrend

$1,822.6Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,877 / $1,848.7Bullish
Donchian Channel (20)

20-period breakout channel position

75%Bullish

Momentum

RSI (14)

Momentum is strong

59.9Bullish
MACD (12,26,9)

Histogram is positive

2.198Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

71.5 / 66.5Bullish
Williams %R (14)

Neutral zone

-28.5Range
CCI (20)

Strong expansion

117.9Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

Low volatility

$26.05 (1.37%)Bullish
Bollinger Bands (20,2)

Width 3.83%

89%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,919.9 / $1,820.3Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,873 / $1,925Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

41.2Bearish
OBV slope

20-period OBV slope

-1.55%Bearish
Volume ratio

Relative to 20-period average volume

1.68xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,926Range
Support

Nearest Downside Decision Level

$1,771.4Range

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