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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 2024-09-19 View latest technical analysis

10 day averaged volume of Mercadolibre Inc is 273530

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	2109.40	2138.45	2157.64	2098.93	1.319 times
18 Wed Sep 2024	2102.64	2078.76	2124.52	2074.22	0.8 times
17 Tue Sep 2024	2074.26	2106.70	2111.68	2067.18	1.038 times
16 Mon Sep 2024	2105.51	2128.83	2128.83	2102.00	0.967 times
13 Fri Sep 2024	2122.37	2136.96	2143.96	2117.68	0.938 times
12 Thu Sep 2024	2140.10	2056.00	2142.59	2054.72	1.594 times
11 Wed Sep 2024	2045.88	2026.81	2053.00	1984.85	1.183 times
10 Tue Sep 2024	2017.58	2040.30	2045.33	2001.50	0.726 times
09 Mon Sep 2024	2029.91	2006.96	2035.88	2001.80	0.84 times
06 Fri Sep 2024	1986.05	2034.85	2034.85	1966.00	1.113 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2093.9, but if it comes below 2093.9, then a intra day sell could be more profitable.
If you take a sell trade below 2093.9, then use 2093.9 as stoploss and 2046.46 as target. However if you take a buy trade in stock , then use 2093.9 as stoploss and 2150.7 as target.

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
Downside Target	2064.76
Downside Target	2067.18
Upside Target	2143.96
Upside Target	2157.64

Intraday share price targets for Mercadolibre Inc (MELI)

Target Type	Value
Downside Intraday Target	2065.17
Downside Intraday Target	2020.95
Upside Intraday Target	2155.63
Upside Intraday Target	2201.87
Upside Intraday Target	2111.41

Weekly technical analysis of Mercadolibre Inc (MELI)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	2109.40	2128.83	2157.64	2067.18	0.781 times
13 Fri Sep 2024	2122.37	2006.96	2143.96	1984.85	1.352 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

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
19 Thu Sep 2024	2109.40	2050.00	2157.64	1966.00	0.445 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 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 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 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 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 2077.99 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.