(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 2024-08-26 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 255548
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Mon Aug 2024 | 2004.70 | 1991.73 | 2007.65 | 1978.00 | 0.711 times |
| 23 Fri Aug 2024 | 2000.31 | 2006.50 | 2009.82 | 1980.62 | 0.637 times |
| 22 Thu Aug 2024 | 1988.83 | 2000.20 | 2019.00 | 1983.45 | 0.749 times |
| 21 Wed Aug 2024 | 2007.46 | 2013.02 | 2015.46 | 1973.26 | 0.935 times |
| 20 Tue Aug 2024 | 2005.66 | 2020.00 | 2027.78 | 2000.03 | 0.88 times |
| 19 Mon Aug 2024 | 2011.00 | 1989.67 | 2029.99 | 1985.17 | 0.775 times |
| 16 Fri Aug 2024 | 1977.97 | 1992.00 | 1999.00 | 1969.00 | 0.959 times |
| 15 Thu Aug 2024 | 1996.44 | 1920.00 | 1998.68 | 1915.00 | 2.031 times |
| 14 Wed Aug 2024 | 1898.57 | 1921.68 | 1921.68 | 1883.00 | 1.068 times |
| 13 Tue Aug 2024 | 1916.20 | 1905.00 | 1923.18 | 1891.98 | 1.233 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2007.2 as stoploss in an intra day sell trade for a target of 1879.27. However, stock will show a bullish move above 2007.2.
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 | 1723.28 |
| Downside Target | 1764.50 |
| Downside Target | 1874.61 |
| Downside Target | 1973.26 |
| Downside Target | 1978.00 |
| Downside Target | 1999.00 |
| Upside Target | 2007.65 |
| Upside Target | 2029.99 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1985.92 |
| Downside Intraday Target | 1967.13 |
| Upside Intraday Target | 2015.57 |
| Upside Intraday Target | 2026.43 |
| Downside Intraday Target | 1996.78 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Mon Aug 2024 | 2004.70 | 1991.73 | 2007.65 | 1978.00 | 0.179 times |
| 23 Fri Aug 2024 | 2000.31 | 1989.67 | 2029.99 | 1973.26 | 0.66 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 |
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 |
| 26 Mon Aug 2024 | 2004.70 | 1675.49 | 2029.99 | 1579.78 | 1.05 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 losing momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
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 SELL signal for Mercadolibre Inc in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 1977.52 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 losing momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
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 SELL signal for Mercadolibre Inc in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 1977.52 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.