(MELI) Mercadolibre Inc complete technical analysis [charts+indicators] | Buy/Sell Mercadolibre Inc | (MELI) share price targets
Complete technical analysis of Mercadolibre Inc (MELI) by charts plus indicators, forecast predictions and share price targets for Mercadolibre Inc (MELI)
Mercadolibre Inc trades in USA in Miscellaneous sector.
Showing technical analysis as on 2024-08-06 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 413390
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 1810.39 | 1788.40 | 1850.00 | 1776.01 | 1.177 times |
| 05 Mon Aug 2024 | 1776.00 | 1666.00 | 1820.00 | 1656.74 | 1.755 times |
| 02 Fri Aug 2024 | 1776.14 | 1701.20 | 1786.97 | 1692.96 | 2.318 times |
| 01 Thu Aug 2024 | 1606.06 | 1675.49 | 1712.46 | 1579.78 | 1.511 times |
| 31 Wed Jul 2024 | 1668.90 | 1660.00 | 1674.58 | 1646.12 | 0.908 times |
| 30 Tue Jul 2024 | 1626.15 | 1623.73 | 1647.63 | 1603.09 | 0.791 times |
| 29 Mon Jul 2024 | 1621.40 | 1667.15 | 1670.00 | 1613.67 | 0.527 times |
| 26 Fri Jul 2024 | 1651.69 | 1629.34 | 1668.03 | 1629.34 | 0.409 times |
| 25 Thu Jul 2024 | 1625.15 | 1634.39 | 1674.50 | 1595.26 | 0.674 times |
| 24 Wed Jul 2024 | 1642.55 | 1676.17 | 1676.17 | 1635.51 | 0.581 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1817.8, for a target of 1747.1 or 1688.26
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1324.99 |
| Downside Target | 1427.95 |
| Downside Target | 1540.98 |
| Downside Target | 1647.00 |
| Downside Target | 1700.18 |
| Downside Target | 1760.38 |
| Downside Target | 1764.50 |
| Downside Target | 1786.97 |
| Downside Target | 1792.05 |
| Upside Target | 1850.00 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1694.75 |
| Downside Intraday Target | 1579.12 |
| Upside Intraday Target | 1888.01 |
| Upside Intraday Target | 1965.64 |
| Downside Intraday Target | 1772.38 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 1810.39 | 1666.00 | 1850.00 | 1656.74 | 0.484 times |
| 02 Fri Aug 2024 | 1776.14 | 1667.15 | 1786.97 | 1579.78 | 2.277 times |
| 26 Fri Jul 2024 | 1651.69 | 1668.19 | 1700.18 | 1595.26 | 0.776 times |
| 19 Fri Jul 2024 | 1649.99 | 1745.62 | 1760.38 | 1612.90 | 0.931 times |
| 12 Fri Jul 2024 | 1761.22 | 1659.39 | 1764.50 | 1647.00 | 2.709 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Mercadolibre Inc (MELI)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 06 Tue Aug 2024 | 1810.39 | 1675.49 | 1850.00 | 1579.78 | 0.439 times |
| 31 Wed Jul 2024 | 1668.90 | 1635.61 | 1764.50 | 1563.21 | 1.127 times |
| 28 Fri Jun 2024 | 1643.40 | 1718.05 | 1723.28 | 1550.00 | 0.636 times |
| 31 Fri May 2024 | 1725.58 | 1446.37 | 1792.05 | 1427.95 | 1.153 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Mercadolibre Inc (MELI)
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mercadolibre Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercadolibre Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Mercadolibre Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Mercadolibre Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1706.21 and Mercadolibre Inc (MELI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Mercadolibre Inc (MELI) stock. Volume based technical analysis of Mercadolibre Inc (MELI) stock is negative.
Mercadolibre Inc Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mercadolibre Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercadolibre Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Mercadolibre Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Mercadolibre Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1706.21 and Mercadolibre Inc (MELI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Mercadolibre Inc (MELI) stock. Volume based technical analysis of Mercadolibre Inc (MELI) stock is negative.
Mercadolibre Inc Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.