(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 2024-09-10 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 279020
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Tue Sep 2024 | 2017.58 | 2040.30 | 2045.33 | 2001.50 | 0.712 times |
| 09 Mon Sep 2024 | 2029.91 | 2006.96 | 2035.88 | 2001.80 | 0.824 times |
| 06 Fri Sep 2024 | 1986.05 | 2034.85 | 2034.85 | 1966.00 | 1.091 times |
| 05 Thu Sep 2024 | 2038.18 | 1991.59 | 2048.05 | 1991.59 | 0.784 times |
| 04 Wed Sep 2024 | 1991.59 | 1996.83 | 2006.01 | 1977.90 | 0.602 times |
| 03 Tue Sep 2024 | 1990.17 | 2050.00 | 2053.60 | 1984.00 | 1.352 times |
| 30 Fri Aug 2024 | 2061.66 | 2025.99 | 2064.76 | 2018.41 | 1.378 times |
| 30 Fri Aug 2024 | 2061.66 | 2025.99 | 2064.76 | 2018.41 | 1.378 times |
| 29 Thu Aug 2024 | 2015.79 | 2003.47 | 2023.55 | 1994.99 | 0.714 times |
| 28 Wed Aug 2024 | 1995.17 | 2035.25 | 2037.00 | 1982.68 | 0.901 times |
My analysis of stock is bullish for shortterm, and stock might move up till 2039.4 or till 2079.9. Use a stoploss of 2005.75 and if this stock hits its stoploss, then it can fall down till 1972.07
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 | 2045.33 |
| Upside Target | 2053.60 |
| Upside Target | 2064.76 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1997.61 |
| Downside Intraday Target | 1977.64 |
| Upside Intraday Target | 2041.44 |
| Upside Intraday Target | 2065.3 |
| Upside Intraday Target | 2021.47 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Tue Sep 2024 | 2017.58 | 2006.96 | 2045.33 | 2001.50 | 0.401 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 |
| 10 Tue Sep 2024 | 2017.58 | 2050.00 | 2053.60 | 1966.00 | 0.183 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
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 but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 2021.61 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
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 but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 2021.61 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.