(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 2024-10-22 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 249400
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Tue Oct 2024 | 2067.82 | 2077.92 | 2090.01 | 2061.02 | 0.756 times |
| 21 Mon Oct 2024 | 2100.58 | 2065.00 | 2102.98 | 2065.00 | 0.871 times |
| 18 Fri Oct 2024 | 2079.79 | 2065.87 | 2088.33 | 2046.67 | 0.922 times |
| 17 Thu Oct 2024 | 2065.87 | 2066.85 | 2079.94 | 2046.03 | 0.801 times |
| 16 Wed Oct 2024 | 2046.47 | 2029.32 | 2063.97 | 2029.32 | 0.923 times |
| 15 Tue Oct 2024 | 2033.62 | 2075.48 | 2082.99 | 2018.39 | 1.326 times |
| 14 Mon Oct 2024 | 2079.96 | 2091.82 | 2105.04 | 2073.41 | 0.809 times |
| 11 Fri Oct 2024 | 2091.16 | 2058.21 | 2107.10 | 2043.00 | 1.375 times |
| 10 Thu Oct 2024 | 2040.50 | 2044.00 | 2059.82 | 2026.10 | 0.791 times |
| 09 Wed Oct 2024 | 2047.99 | 2007.70 | 2052.50 | 2002.92 | 1.102 times |
My analysis of stock is bullish for shortterm, and stock might move up till 2095.7 or till 2154.3. Use a stoploss of 2046.77 and if this stock hits its stoploss, then it can fall down till 1997.87
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 |
| Downside Target | 2018.39 |
| Downside Target | 2067.72 |
| Upside Target | 2102.98 |
| Upside Target | 2105.04 |
| Upside Target | 2107.10 |
| Upside Target | 2161.73 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 2051.57 |
| Downside Intraday Target | 2035.31 |
| Upside Intraday Target | 2093.53 |
| Upside Intraday Target | 2119.23 |
| Upside Intraday Target | 2077.27 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Tue Oct 2024 | 2067.82 | 2065.00 | 2102.98 | 2061.02 | 0.34 times |
| 18 Fri Oct 2024 | 2079.79 | 2091.82 | 2105.04 | 2018.39 | 0.892 times |
| 11 Fri Oct 2024 | 2091.16 | 1961.00 | 2107.10 | 1951.01 | 0.734 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 |
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 |
| 22 Tue Oct 2024 | 2067.82 | 2060.00 | 2107.10 | 1937.28 | 0.755 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
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 SELL signal for Mercadolibre Inc in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 2064.86 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
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 SELL signal for Mercadolibre Inc in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 2064.86 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.