US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

4 hoursBearish75%
4h Downside probability 75%Bearish

MELI 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $1,716.8 and stabilize above resistance $1,838.

Invalidation Trigger

Break above $1,838 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateRange
Momentum mixed

RSI 39.6, MACD 1.337

4h
Volatility EnvironmentBullish
Low volatility

ATR is $20.56 (1.21%)

4h

EMA Structure

Bearish
EMA 8$1,697.1Bullish
EMA 21$1,716.8Bearish
EMA 50$1,761.9Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.6 · MACD 1.337

Momentum is weak

Strength
Range
Volatility
ATR $20.56 · BB 4.67%

Low volatility

Strength
Bullish
Volume
MFI 50.1 · OBV 2.35%

Relative to 20-period average volume

Strength
Range
Price Levels
$1,672.2 - $1,838

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+9.39% · 7.8 ATR above latest close

$1,858.6
Nearest resistance

+8.18% · 6.8 ATR above · 34-bar high

$1,838
Current price

Price shown is delayed

$1,699
Nearest support

-1.58% · 1.3 ATR below · 34-bar low

$1,672.2
Deeper support zone

-2.79% · 2.3 ATR below latest close

$1,651.6
ATR zone

Latest close ± ATR14

$1,678.5 - $1,719.6

Indicators

Trend

Dow Theory Structure

Confirmation $1,672.2, invalidation $1,703.7

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

Trend strength is active

57.7 / 7.0 / 28.3Bearish
Supertrend (10,3)

Price is above Supertrend

$1,639.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,715.6 / $1,768.6Bearish
Donchian Channel (20)

20-period breakout channel position

33%Bearish

Volatility

ATR (14)

Low volatility

$20.56 (1.21%)Bullish
Bollinger Bands (20,2)

Width 4.67%

34%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,754.1 / $1,676.2Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,678.5 / $1,719.6Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,838Range
Support

Nearest Downside Decision Level

$1,672.2Range

Momentum

RSI (14)

Momentum is weak

39.6Bearish
MACD (12,26,9)

Histogram is positive

1.337Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

39.7 / 29.5Bullish
Williams %R (14)

Neutral zone

-60.3Range
CCI (20)

Balanced zone

-62.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.1Range
OBV slope

20-period OBV slope

2.35%Bullish
Volume ratio

Relative to 20-period average volume

0.53xBearish

Trend

Dow Theory Structure

Confirmation $1,672.2, invalidation $1,703.7

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

Trend strength is active

57.7 / 7.0 / 28.3Bearish
Supertrend (10,3)

Price is above Supertrend

$1,639.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,715.6 / $1,768.6Bearish
Donchian Channel (20)

20-period breakout channel position

33%Bearish

Momentum

RSI (14)

Momentum is weak

39.6Bearish
MACD (12,26,9)

Histogram is positive

1.337Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

39.7 / 29.5Bullish
Williams %R (14)

Neutral zone

-60.3Range
CCI (20)

Balanced zone

-62.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Low volatility

$20.56 (1.21%)Bullish
Bollinger Bands (20,2)

Width 4.67%

34%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,754.1 / $1,676.2Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,678.5 / $1,719.6Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

50.1Range
OBV slope

20-period OBV slope

2.35%Bullish
Volume ratio

Relative to 20-period average volume

0.53xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,838Range
Support

Nearest Downside Decision Level

$1,672.2Range

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