(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 2024-11-05 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 261100
| Date | Daily Closing Price | Open | High | Low | Volume |
| 05 Tue Nov 2024 | 2090.01 | 2064.69 | 2094.92 | 2055.33 | 1.101 times |
| 04 Mon Nov 2024 | 2063.70 | 2059.00 | 2084.19 | 2047.70 | 0.957 times |
| 01 Fri Nov 2024 | 2054.90 | 2030.44 | 2060.87 | 2021.91 | 1.32 times |
| 31 Thu Oct 2024 | 2037.18 | 2015.25 | 2048.34 | 1990.18 | 1.241 times |
| 30 Wed Oct 2024 | 2020.72 | 2015.33 | 2026.23 | 1962.38 | 1.405 times |
| 29 Tue Oct 2024 | 2026.57 | 2058.24 | 2075.68 | 2023.50 | 1.296 times |
| 28 Mon Oct 2024 | 2056.09 | 2056.00 | 2082.00 | 2044.62 | 1.096 times |
| 25 Fri Oct 2024 | 2047.35 | 2053.99 | 2092.52 | 2044.94 | 0.832 times |
| 24 Thu Oct 2024 | 2055.93 | 2038.70 | 2063.99 | 2029.88 | 0.501 times |
| 23 Wed Oct 2024 | 2038.70 | 2062.29 | 2075.24 | 2028.42 | 0.628 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2079.1, but if it comes below 2079.1, then a intra day sell could be more profitable.
If you take a sell trade below 2079.1, then use 2079.1 as stoploss and 2057.25 as target. However if you take a buy trade in stock , then use 2079.1 as stoploss and 2105.3 as target.
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1563.21 |
| Downside Target | 1764.50 |
| Downside Target | 1937.28 |
| Downside Target | 2018.39 |
| Downside Target | 2082.00 |
| Upside Target | 2094.92 |
| 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 | 2060.17 |
| Downside Intraday Target | 2030.32 |
| Upside Intraday Target | 2107.39 |
| Upside Intraday Target | 2124.76 |
| Downside Intraday Target | 2077.54 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 05 Tue Nov 2024 | 2090.01 | 2059.00 | 2094.92 | 2047.70 | 0.324 times |
| 01 Fri Nov 2024 | 2054.90 | 2056.00 | 2082.00 | 1962.38 | 1.809 times |
| 25 Fri Oct 2024 | 2047.35 | 2065.00 | 2102.98 | 2028.42 | 0.77 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 |
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 |
| 05 Tue Nov 2024 | 2090.01 | 2030.44 | 2094.92 | 2021.91 | 0.143 times |
| 31 Thu Oct 2024 | 2037.18 | 2060.00 | 2107.10 | 1937.28 | 1.071 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 |
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 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 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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercadolibre Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 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 2047.74 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 negative.
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 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 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 Weak and stock is gaining momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercadolibre Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 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 2047.74 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.