(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 2024-09-03 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 249179
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Tue Sep 2024 | 1990.17 | 2050.00 | 2053.60 | 1984.00 | 1.513 times |
| 30 Fri Aug 2024 | 2061.66 | 2025.99 | 2064.76 | 2018.41 | 1.543 times |
| 30 Fri Aug 2024 | 2061.66 | 2025.99 | 2064.76 | 2018.41 | 1.543 times |
| 29 Thu Aug 2024 | 2015.79 | 2003.47 | 2023.55 | 1994.99 | 0.8 times |
| 28 Wed Aug 2024 | 1995.17 | 2035.25 | 2037.00 | 1982.68 | 1.009 times |
| 27 Tue Aug 2024 | 2036.21 | 2002.99 | 2048.99 | 2002.99 | 1.093 times |
| 26 Mon Aug 2024 | 2004.70 | 1991.73 | 2007.65 | 1978.00 | 0.729 times |
| 23 Fri Aug 2024 | 2000.31 | 2006.50 | 2009.82 | 1980.62 | 0.653 times |
| 22 Thu Aug 2024 | 1988.83 | 2000.20 | 2019.00 | 1983.45 | 0.769 times |
| 21 Wed Aug 2024 | 2007.46 | 2013.02 | 2015.46 | 1973.26 | 0.959 times |
My analysis of stock is bullish for shortterm, and stock might move up till 2034.9 or till 2107.9. Use a stoploss of 1974.12 and if this stock hits its stoploss, then it can fall down till 1913.3
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1427.95 |
| Downside Target | 1550.00 |
| Downside Target | 1723.28 |
| Downside Target | 1764.50 |
| Downside Target | 1874.61 |
| Downside Target | 1973.26 |
| Upside Target | 2018.41 |
| Upside Target | 2029.99 |
| Upside Target | 2053.60 |
| Upside Target | 2064.76 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1964.91 |
| Downside Intraday Target | 1939.66 |
| Upside Intraday Target | 2034.51 |
| Upside Intraday Target | 2078.86 |
| Upside Intraday Target | 2009.26 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Tue Sep 2024 | 1990.17 | 2050.00 | 2053.60 | 1984.00 | 0.981 times |
| 30 Fri Aug 2024 | 2061.66 | 2025.99 | 2064.76 | 2018.41 | 0.298 times |
| 30 Fri Aug 2024 | 2061.66 | 1991.73 | 2064.76 | 1978.00 | 1.269 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 |
Price has moved down 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 |
| 03 Tue Sep 2024 | 1990.17 | 2050.00 | 2053.60 | 1984.00 | 0.046 times |
| 30 Fri Aug 2024 | 2061.66 | 1675.49 | 2064.76 | 1579.78 | 1.285 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 |
Scroll below to view daily charts
Price has moved down 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 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 Weak and stock is losing 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 coming down
CCI has generated a SELL signal for Mercadolibre Inc in short term and SELL 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 2021.2 and Mercadolibre Inc (MELI) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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 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 Weak and stock is losing 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 coming down
CCI has generated a SELL signal for Mercadolibre Inc in short term and SELL 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 2021.2 and Mercadolibre Inc (MELI) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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.