(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 2024-08-19 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 390353
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Mon Aug 2024 | 2011.00 | 1989.67 | 2029.99 | 1985.17 | 0.507 times |
| 16 Fri Aug 2024 | 1977.97 | 1992.00 | 1999.00 | 1969.00 | 0.628 times |
| 15 Thu Aug 2024 | 1996.44 | 1920.00 | 1998.68 | 1915.00 | 1.33 times |
| 14 Wed Aug 2024 | 1898.57 | 1921.68 | 1921.68 | 1883.00 | 0.699 times |
| 13 Tue Aug 2024 | 1916.20 | 1905.00 | 1923.18 | 1891.98 | 0.807 times |
| 12 Mon Aug 2024 | 1901.82 | 1884.51 | 1904.60 | 1874.61 | 0.479 times |
| 09 Fri Aug 2024 | 1883.62 | 1869.62 | 1908.20 | 1869.62 | 0.564 times |
| 08 Thu Aug 2024 | 1869.40 | 1880.00 | 1887.34 | 1829.12 | 0.884 times |
| 07 Wed Aug 2024 | 1859.70 | 1834.88 | 1878.38 | 1825.81 | 1.504 times |
| 06 Tue Aug 2024 | 1810.39 | 1788.40 | 1850.00 | 1776.01 | 1.247 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1926.4, but if it comes below 1926.4, then a intra day sell could be more profitable.
If you take a sell trade below 1926.4, then use 1926.4 as stoploss and 1790.57 as target. However if you take a buy trade in stock , then use 1926.4 as stoploss and 2089.4 as target.
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1324.99 |
| Downside Target | 1427.95 |
| Downside Target | 1540.98 |
| Downside Target | 1656.74 |
| Downside Target | 1700.18 |
| Downside Target | 1764.50 |
| Downside Target | 1792.05 |
| Downside Target | 1874.61 |
| Downside Target | 1908.20 |
| Downside Target | 1985.17 |
| Downside Target | 1999.00 |
| Upside Target | 2029.99 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1987.45 |
| Downside Intraday Target | 1963.9 |
| Upside Intraday Target | 2032.27 |
| Upside Intraday Target | 2053.54 |
| Downside Intraday Target | 2008.72 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Mon Aug 2024 | 2011.00 | 1989.67 | 2029.99 | 1985.17 | 0.129 times |
| 16 Fri Aug 2024 | 1977.97 | 1884.51 | 1999.00 | 1874.61 | 0.651 times |
| 09 Fri Aug 2024 | 1883.62 | 1666.00 | 1908.20 | 1656.74 | 0.945 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 |
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 |
| 19 Mon Aug 2024 | 2011.00 | 1675.49 | 2029.99 | 1579.78 | 0.893 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 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.
ADX buy sell signal for Mercadolibre Inc stock for short term is BUY. Signal strength is Strong and stock is gaining 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 tired and bears are picking up momentum.
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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mercadolibre Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1904.37 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 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.
ADX buy sell signal for Mercadolibre Inc stock for short term is BUY. Signal strength is Strong and stock is gaining 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 tired and bears are picking up momentum.
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 negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Mercadolibre Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1904.37 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.