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(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 2024-08-29 View latest technical analysis

10 day averaged volume of Mercadolibre Inc is 248588

Date Daily Closing Price Open High Low Volume
29 Thu Aug 2024 2015.79 2003.47 2023.55 1994.99 0.802 times
28 Wed Aug 2024 1995.17 2035.25 2037.00 1982.68 1.011 times
27 Tue Aug 2024 2036.21 2002.99 2048.99 2002.99 1.096 times
26 Mon Aug 2024 2004.70 1991.73 2007.65 1978.00 0.731 times
23 Fri Aug 2024 2000.31 2006.50 2009.82 1980.62 0.655 times
22 Thu Aug 2024 1988.83 2000.20 2019.00 1983.45 0.77 times
21 Wed Aug 2024 2007.46 2013.02 2015.46 1973.26 0.961 times
20 Tue Aug 2024 2005.66 2020.00 2027.78 2000.03 0.905 times
19 Mon Aug 2024 2011.00 1989.67 2029.99 1985.17 0.797 times
16 Fri Aug 2024 1977.97 1992.00 1999.00 1969.00 0.986 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 2018.9 as stoploss in an intra day sell trade for a target of 1936.57. However, stock will show a bullish move above 2018.9.

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 2029.99
Upside Target 2048.99

Intraday share price targets for Mercadolibre Inc (MELI)

Target Type Value
Downside Intraday Target 1979.53
Downside Intraday Target 1943.27
Upside Intraday Target 2050.52
Upside Intraday Target 2085.25
Downside Intraday Target 2014.26

Weekly technical analysis of Mercadolibre Inc (MELI)

Date Weekly Closing Price Open High Low Volume
29 Thu Aug 2024 2015.79 1991.73 2048.99 1978.00 0.89 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
29 Thu Aug 2024 2015.79 1675.49 2048.99 1579.78 1.164 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 SELL signal for Mercadolibre Inc in short term but the sell signal is initial and weak.

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 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 2004.8 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 SELL signal for Mercadolibre Inc in short term but the sell signal is initial and weak.

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 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 2004.8 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.

Daily charts

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Daily chart
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