(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 2024-10-09 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 322730
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Wed Oct 2024 | 2047.99 | 2007.70 | 2052.50 | 2002.92 | 0.851 times |
| 08 Tue Oct 2024 | 2014.23 | 1963.05 | 2018.51 | 1963.05 | 0.833 times |
| 07 Mon Oct 2024 | 1963.23 | 1961.00 | 1985.00 | 1951.01 | 0.781 times |
| 04 Fri Oct 2024 | 1960.00 | 1966.00 | 1972.21 | 1937.28 | 0.979 times |
| 03 Thu Oct 2024 | 1959.20 | 1956.65 | 1970.01 | 1942.32 | 0.754 times |
| 02 Wed Oct 2024 | 1970.72 | 1993.22 | 2015.42 | 1952.42 | 1.595 times |
| 01 Tue Oct 2024 | 2066.12 | 2060.00 | 2067.72 | 2033.24 | 1.081 times |
| 30 Mon Sep 2024 | 2051.96 | 2055.30 | 2064.87 | 2030.25 | 1.235 times |
| 27 Fri Sep 2024 | 2064.71 | 2100.21 | 2100.21 | 2055.52 | 0.995 times |
| 26 Thu Sep 2024 | 2100.21 | 2147.80 | 2161.73 | 2098.32 | 1.019 times |
My analysis of stock is bearish for shortterm, and stock might move down till 2006.2 or till 1935.6. Use a stoploss of 2065.07 and if the stock hits stoploss, then it can shoot up till 2123.9
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1550.00 |
| Downside Target | 1723.28 |
| Downside Target | 1764.50 |
| Downside Target | 1937.28 |
| Upside Target | 2052.50 |
| Upside Target | 2067.18 |
| Upside Target | 2067.72 |
| Upside Target | 2143.96 |
| Upside Target | 2157.64 |
| Upside Target | 2161.73 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1981.83 |
| Downside Intraday Target | 1915.68 |
| Upside Intraday Target | 2083.32 |
| Upside Intraday Target | 2118.66 |
| Downside Intraday Target | 2017.17 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Wed Oct 2024 | 2047.99 | 1961.00 | 2052.50 | 1951.01 | 0.437 times |
| 04 Fri Oct 2024 | 1960.00 | 2055.30 | 2067.72 | 1937.28 | 1.288 times |
| 27 Fri Sep 2024 | 2064.71 | 2117.83 | 2161.73 | 2055.52 | 0.977 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 |
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 Wed Oct 2024 | 2047.99 | 2060.00 | 2067.72 | 1937.28 | 0.384 times |
| 30 Mon Sep 2024 | 2051.96 | 2050.00 | 2161.73 | 1966.00 | 0.706 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 |
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 gaining momentum.
MACD generated a SELL signal for Mercadolibre Inc in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls 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 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 2020.7 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 gaining momentum.
MACD generated a SELL signal for Mercadolibre Inc in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls 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 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 2020.7 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 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.