US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

4 hoursBullish88%
4h Upside probability 88%Bullish

MELI 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $1,546.9 and reclaim $1,733.4.

Invalidation Trigger

Lose $1,546.9 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 55.2, MACD 3.411

4h
Volatility EnvironmentRange
Medium volatility

ATR is $39.84 (2.39%)

4h

EMA Structure

Range
EMA 8$1,635.3Bullish
EMA 21$1,633.7Bullish
EMA 50$1,647Bullish

Signals

CategoryReadStrength
Momentum
RSI 55.2 · MACD 3.411

Momentum is strong

Strength
Bullish
Volatility
ATR $39.84 · BB 8.72%

Medium volatility

Strength
Range
Volume
MFI 51.1 · OBV -2.29%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,546.9 - $1,733.4

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+6.36% · 2.7 ATR above latest close

$1,773.2
Nearest resistance

+3.97% · 1.7 ATR above · 34-bar high

$1,733.4
Current price

Price shown is delayed

$1,667.2
Nearest support

-7.22% · 3.0 ATR below · 34-bar low

$1,546.9
Deeper support zone

-9.61% · 4.0 ATR below latest close

$1,507
ATR zone

Latest close ± ATR14

$1,627.4 - $1,707

Indicators

Trend

Dow Theory Structure

Confirmation $1,710.2, invalidation $1,573.8

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

Trend strength is moderate

18.7 / 39.3 / 20.2Bullish
Supertrend (10,3)

Price is above Supertrend

$1,560.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,628.8 / $1,640.1Bullish
Donchian Channel (20)

20-period breakout channel position

74%Range

Volatility

ATR (14)

Medium volatility

$39.84 (2.39%)Range
Bollinger Bands (20,2)

Width 8.72%

78%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,706.4 / $1,560.5Range
ATR channel lower / upper

Current Volatility Envelope

$1,627.4 / $1,707Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,733.4Range
Support

Nearest Downside Decision Level

$1,546.9Range

Momentum

RSI (14)

Momentum is strong

55.2Bullish
MACD (12,26,9)

Histogram is positive

3.411Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

68.5 / 51.6Bullish
Williams %R (14)

Neutral zone

-31.5Range
CCI (20)

Balanced zone

91.5Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.1Range
OBV slope

20-period OBV slope

-2.29%Bearish
Volume ratio

Relative to 20-period average volume

0.69xBearish

Trend

Dow Theory Structure

Confirmation $1,710.2, invalidation $1,573.8

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

Trend strength is moderate

18.7 / 39.3 / 20.2Bullish
Supertrend (10,3)

Price is above Supertrend

$1,560.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,628.8 / $1,640.1Bullish
Donchian Channel (20)

20-period breakout channel position

74%Range

Momentum

RSI (14)

Momentum is strong

55.2Bullish
MACD (12,26,9)

Histogram is positive

3.411Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

68.5 / 51.6Bullish
Williams %R (14)

Neutral zone

-31.5Range
CCI (20)

Balanced zone

91.5Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Medium volatility

$39.84 (2.39%)Range
Bollinger Bands (20,2)

Width 8.72%

78%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$1,706.4 / $1,560.5Range
ATR channel lower / upper

Current Volatility Envelope

$1,627.4 / $1,707Range

Volume / Money Flow

MFI (14)

Money flow is neutral

51.1Range
OBV slope

20-period OBV slope

-2.29%Bearish
Volume ratio

Relative to 20-period average volume

0.69xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,733.4Range
Support

Nearest Downside Decision Level

$1,546.9Range

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