US stock / ETF

MercadoLibre, Inc.

MELI · NASDAQ · USD

4 hoursBearish72%
4h Downside probability 72%Bearish

MELI 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $1,833.8 and stabilize above resistance $1,897.1.

Invalidation Trigger

Break above $1,897.1 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 38.5, MACD -4.171

4h
Volatility EnvironmentBullish
Low volatility

ATR is $19.33 (1.07%)

4h

EMA Structure

Bearish
EMA 8$1,820.4Bearish
EMA 21$1,833.8Bearish
EMA 50$1,837.1Bearish

Signals

CategoryReadStrength
Momentum
RSI 38.5 · MACD -4.171

Momentum is weak

Strength
Bearish
Volatility
ATR $19.33 · BB 4.66%

Low volatility

Strength
Bullish
Volume
MFI 58.3 · OBV 7.39%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$1,792.2 - $1,897.1

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+5.87% · 5.5 ATR above latest close

$1,916.5
Nearest resistance

+4.81% · 4.5 ATR above · 34-bar high

$1,897.1
Current price

Price shown is delayed

$1,810.2
Nearest support

-0.99% · 0.9 ATR below · 34-bar low

$1,792.2
Deeper support zone

-2.06% · 1.9 ATR below latest close

$1,772.9
ATR zone

Latest close ± ATR14

$1,790.8 - $1,829.5

Indicators

Trend

Dow Theory Structure

Confirmation $1,884.9, invalidation $1,792.2

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

18.1 / 12.5 / 34.2Bearish
Supertrend (10,3)

Price is above Supertrend

$1,750.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,831.1 / $1,857.8Bearish
Donchian Channel (20)

20-period breakout channel position

19%Bearish

Volatility

ATR (14)

Low volatility

$19.33 (1.07%)Bullish
Bollinger Bands (20,2)

Width 4.66%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,873.2 / $1,793.2Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,790.8 / $1,829.5Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,897.1Range
Support

Nearest Downside Decision Level

$1,792.2Range

Momentum

RSI (14)

Momentum is weak

38.5Bearish
MACD (12,26,9)

Histogram is negative

-4.171Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.4 / 22.6Bearish
Williams %R (14)

Oversold zone

-80.6Bullish
CCI (20)

Weak expansion

-108.3Bearish
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

58.3Bullish
OBV slope

20-period OBV slope

7.39%Bullish
Volume ratio

Relative to 20-period average volume

1.24xBullish

Trend

Dow Theory Structure

Confirmation $1,884.9, invalidation $1,792.2

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

18.1 / 12.5 / 34.2Bearish
Supertrend (10,3)

Price is above Supertrend

$1,750.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$1,831.1 / $1,857.8Bearish
Donchian Channel (20)

20-period breakout channel position

19%Bearish

Momentum

RSI (14)

Momentum is weak

38.5Bearish
MACD (12,26,9)

Histogram is negative

-4.171Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.4 / 22.6Bearish
Williams %R (14)

Oversold zone

-80.6Bullish
CCI (20)

Weak expansion

-108.3Bearish
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$19.33 (1.07%)Bullish
Bollinger Bands (20,2)

Width 4.66%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$1,873.2 / $1,793.2Bullish
ATR channel lower / upper

Current Volatility Envelope

$1,790.8 / $1,829.5Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

58.3Bullish
OBV slope

20-period OBV slope

7.39%Bullish
Volume ratio

Relative to 20-period average volume

1.24xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$1,897.1Range
Support

Nearest Downside Decision Level

$1,792.2Range

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