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Analyses based on precipitation data may be limited by the quality of the data, the size of the available historical series and the efficiency of the adopted methodologies; these factors are especially limiting when conducting analyses at the daily scale. Thus, methodologies are sought to overcome these barriers. The objective of this work is to develop a hybrid model through the maximum overlap discrete wavelet transform (MODWT) to estimate daily rainfall in homogeneous regions of the Tocantins-Araguaia Hydrographic Region (TAHR) in the Amazon (Brazil). Data series from the Climate Prediction Center morphing (CMORPH) satellite products and rainfall data from the National Water Agency (ANA) were divided into seasonal periods (dry and rainy), which were adopted to train the model and for model forecasting. The results show that the hybrid model had a good performance when forecasting daily rainfall using both databases, indicated by the Nash–Sutcliffe efficiency coefficients (0.81–0.95), thus, the hybrid model is considered to be potentially useful for modelling daily rainfall.