US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

4 hoursBearish92%
4h Downside probability 92%Bearish

MELI 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $1,921.7 and stabilize above resistance $2,059.8.

Invalidation Trigger

Break above $2,059.8 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 42.3, MACD -0.574

4h
Volatility EnvironmentBullish
Low volatility

ATR is $26.09 (1.37%)

4h

EMA Structure

Bearish
EMA 8$1,906.7Bearish
EMA 21$1,921.7Bearish
EMA 50$1,929.9Bearish

Signals

CategoryReadStrength
Momentum
RSI 42.3 · MACD -0.574

Momentum is weak

Strength
Bearish
Volatility
ATR $26.09 · BB 7.86%

Low volatility

Strength
Bullish
Volume
MFI 48.1 · OBV -13.37%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,840 - $2,059.8

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+9.94% · 7.2 ATR above latest close

$2,085.9
Nearest resistance

+8.56% · 6.2 ATR above · 34-bar high

$2,059.8
Current price

Price shown is delayed

$1,897.4
Nearest support

-3.02% · 2.2 ATR below · 34-bar low

$1,840
Deeper support zone

-4.4% · 3.2 ATR below latest close

$1,813.9
ATR zone

Latest close ± ATR14

$1,871.3 - $1,923.5

Indicators

Trend

Dow Theory Structure

Confirmation $1,840, invalidation $1,933.5

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

Trend strength is active

40.2 / 20.9 / 26.9Bearish
Supertrend (10,3)

Price is above Supertrend

$1,814.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,919.3 / $1,949.9Bearish
Donchian Channel (20)

20-period breakout channel position

35%Bearish

Volatility

ATR (14)

Low volatility

$26.09 (1.37%)Bullish
Bollinger Bands (20,2)

Width 7.86%

32%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,974.7 / $1,866.8Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,871.3 / $1,923.5Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,059.8Range
Support

Nearest Downside Decision Level

$1,840Range

Momentum

RSI (14)

Momentum is weak

42.3Bearish
MACD (12,26,9)

Histogram is negative

-0.574Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.8 / 55.1Bullish
Williams %R (14)

Neutral zone

-41.2Range
CCI (20)

Balanced zone

-62.0Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.1Range
OBV slope

20-period OBV slope

-13.37%Bearish
Volume ratio

Relative to 20-period average volume

0.89xBearish

Trend

Dow Theory Structure

Confirmation $1,840, invalidation $1,933.5

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

Trend strength is active

40.2 / 20.9 / 26.9Bearish
Supertrend (10,3)

Price is above Supertrend

$1,814.7Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,919.3 / $1,949.9Bearish
Donchian Channel (20)

20-period breakout channel position

35%Bearish

Momentum

RSI (14)

Momentum is weak

42.3Bearish
MACD (12,26,9)

Histogram is negative

-0.574Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

58.8 / 55.1Bullish
Williams %R (14)

Neutral zone

-41.2Range
CCI (20)

Balanced zone

-62.0Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$26.09 (1.37%)Bullish
Bollinger Bands (20,2)

Width 7.86%

32%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,974.7 / $1,866.8Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,871.3 / $1,923.5Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.1Range
OBV slope

20-period OBV slope

-13.37%Bearish
Volume ratio

Relative to 20-period average volume

0.89xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$2,059.8Range
Support

Nearest Downside Decision Level

$1,840Range

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