(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 2024-09-09 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 274200
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Mon Sep 2024 | 2029.91 | 2006.96 | 2035.88 | 2001.80 | 0.838 times |
| 06 Fri Sep 2024 | 1986.05 | 2034.85 | 2034.85 | 1966.00 | 1.11 times |
| 05 Thu Sep 2024 | 2038.18 | 1991.59 | 2048.05 | 1991.59 | 0.798 times |
| 04 Wed Sep 2024 | 1991.59 | 1996.83 | 2006.01 | 1977.90 | 0.613 times |
| 03 Tue Sep 2024 | 1990.17 | 2050.00 | 2053.60 | 1984.00 | 1.375 times |
| 30 Fri Aug 2024 | 2061.66 | 2025.99 | 2064.76 | 2018.41 | 1.402 times |
| 30 Fri Aug 2024 | 2061.66 | 2025.99 | 2064.76 | 2018.41 | 1.402 times |
| 29 Thu Aug 2024 | 2015.79 | 2003.47 | 2023.55 | 1994.99 | 0.727 times |
| 28 Wed Aug 2024 | 1995.17 | 2035.25 | 2037.00 | 1982.68 | 0.917 times |
| 27 Tue Aug 2024 | 2036.21 | 2002.99 | 2048.99 | 2002.99 | 0.993 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 2039.4 as stoploss in an intra day sell trade for a target of 2000.68. However, stock will show a bullish move above 2039.4.
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 | 1966.00 |
| Upside Target | 2029.99 |
| Upside Target | 2035.88 |
| Upside Target | 2053.60 |
| Upside Target | 2064.76 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 2009.18 |
| Downside Intraday Target | 1988.45 |
| Upside Intraday Target | 2043.26 |
| Upside Intraday Target | 2056.61 |
| Downside Intraday Target | 2022.53 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Mon Sep 2024 | 2029.91 | 2006.96 | 2035.88 | 2001.80 | 0.215 times |
| 06 Fri Sep 2024 | 1986.05 | 2050.00 | 2053.60 | 1966.00 | 2.779 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 |
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 |
| 09 Mon Sep 2024 | 2029.91 | 2050.00 | 2053.60 | 1966.00 | 0.159 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 gaining momentum.
MACD generated a SELL signal for Mercadolibre Inc in short term but the sell signal is initial and weak.
Mercadolibre Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal in short term but selling 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 2023.32 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 gaining momentum.
MACD generated a SELL signal for Mercadolibre Inc in short term but the sell signal is initial and weak.
Mercadolibre Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal in short term but selling 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 2023.32 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.