(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 2024-11-12 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 773170
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Tue Nov 2024 | 1977.39 | 1980.02 | 2004.62 | 1954.37 | 0.824 times |
| 11 Mon Nov 2024 | 1961.16 | 1894.14 | 1967.00 | 1882.30 | 1.277 times |
| 08 Fri Nov 2024 | 1872.01 | 1824.50 | 1873.08 | 1793.10 | 1.755 times |
| 07 Thu Nov 2024 | 1774.05 | 1920.00 | 1920.00 | 1749.91 | 3.837 times |
| 06 Wed Nov 2024 | 2117.30 | 2101.84 | 2122.16 | 2083.32 | 0.658 times |
| 05 Tue Nov 2024 | 2090.01 | 2064.69 | 2094.92 | 2055.33 | 0.372 times |
| 04 Mon Nov 2024 | 2063.70 | 2059.00 | 2084.19 | 2047.70 | 0.323 times |
| 01 Fri Nov 2024 | 2054.90 | 2030.44 | 2060.87 | 2021.91 | 0.446 times |
| 31 Thu Oct 2024 | 2037.18 | 2015.25 | 2048.34 | 1990.18 | 0.419 times |
| 30 Wed Oct 2024 | 2020.72 | 2015.33 | 2026.23 | 1962.38 | 0.475 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1949.2 as stoploss in an intra day buy trade for a target of 2027.68. However, stock will show a bearish move below 1949.2.
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1563.21 |
| Downside Target | 1749.91 |
| Downside Target | 1882.30 |
| Downside Target | 1937.28 |
| Upside Target | 2064.76 |
| Upside Target | 2082.00 |
| Upside Target | 2102.98 |
| Upside Target | 2105.04 |
| Upside Target | 2107.10 |
| Upside Target | 2122.16 |
| Upside Target | 2161.73 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1904.92 |
| Downside Intraday Target | 1832.45 |
| Upside Intraday Target | 2027.24 |
| Upside Intraday Target | 2077.09 |
| Downside Intraday Target | 1954.77 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Tue Nov 2024 | 1977.39 | 1894.14 | 2004.62 | 1882.30 | 0.303 times |
| 08 Fri Nov 2024 | 1872.01 | 2059.00 | 2122.16 | 1749.91 | 3.234 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 |
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 |
| 12 Tue Nov 2024 | 1977.39 | 2030.44 | 2122.16 | 1749.91 | 1.187 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 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 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mercadolibre Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercadolibre Inc in short term and the sell signal is strong.
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. 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 but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 1905.77 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 has given negative 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 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Mercadolibre Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mercadolibre Inc in short term and the sell signal is strong.
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. 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 but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 1905.77 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 has given negative 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.