(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 2024-09-23 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 289230
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Mon Sep 2024 | 2102.63 | 2117.83 | 2140.97 | 2100.00 | 0.783 times |
| 20 Fri Sep 2024 | 2103.75 | 2116.15 | 2118.61 | 2094.68 | 1.104 times |
| 19 Thu Sep 2024 | 2109.40 | 2138.45 | 2157.64 | 2098.93 | 1.247 times |
| 18 Wed Sep 2024 | 2102.64 | 2078.76 | 2124.52 | 2074.22 | 0.757 times |
| 17 Tue Sep 2024 | 2074.26 | 2106.70 | 2111.68 | 2067.18 | 0.982 times |
| 16 Mon Sep 2024 | 2105.51 | 2128.83 | 2128.83 | 2102.00 | 0.915 times |
| 13 Fri Sep 2024 | 2122.37 | 2136.96 | 2143.96 | 2117.68 | 0.888 times |
| 12 Thu Sep 2024 | 2140.10 | 2056.00 | 2142.59 | 2054.72 | 1.507 times |
| 11 Wed Sep 2024 | 2045.88 | 2026.81 | 2053.00 | 1984.85 | 1.118 times |
| 10 Tue Sep 2024 | 2017.58 | 2040.30 | 2045.33 | 2001.50 | 0.687 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 2104.2 as stoploss in an intra day sell trade for a target of 2056.53. However, stock will show a bullish move above 2104.2.
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 |
| Downside Target | 2100.00 |
| Upside Target | 2140.97 |
| Upside Target | 2143.96 |
| Upside Target | 2157.64 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 2088.1 |
| Downside Intraday Target | 2073.56 |
| Upside Intraday Target | 2129.07 |
| Upside Intraday Target | 2155.5 |
| Upside Intraday Target | 2114.53 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Mon Sep 2024 | 2102.63 | 2117.83 | 2140.97 | 2100.00 | 0.156 times |
| 20 Fri Sep 2024 | 2103.75 | 2128.83 | 2157.64 | 2067.18 | 1.002 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 |
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 |
| 23 Mon Sep 2024 | 2102.63 | 2050.00 | 2157.64 | 1966.00 | 0.512 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 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 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 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 coming down
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 and the buying is gaining 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 2096.28 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 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 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 coming down
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 and the buying is gaining 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 2096.28 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.