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(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 2024-11-13 View latest technical analysis

10 day averaged volume of Mercadolibre Inc is 803060

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	1930.95	1968.12	1975.80	1925.39	0.568 times
12 Tue Nov 2024	1977.39	1980.02	2004.62	1954.37	0.794 times
11 Mon Nov 2024	1961.16	1894.14	1967.00	1882.30	1.23 times
08 Fri Nov 2024	1872.01	1824.50	1873.08	1793.10	1.69 times
07 Thu Nov 2024	1774.05	1920.00	1920.00	1749.91	3.694 times
06 Wed Nov 2024	2117.30	2101.84	2122.16	2083.32	0.634 times
05 Tue Nov 2024	2090.01	2064.69	2094.92	2055.33	0.358 times
04 Mon Nov 2024	2063.70	2059.00	2084.19	2047.70	0.311 times
01 Fri Nov 2024	2054.90	2030.44	2060.87	2021.91	0.429 times
31 Thu Oct 2024	2037.18	2015.25	2048.34	1990.18	0.404 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1940.8, but if it comes above 1940.8, then a intra day buy could be more profitable.
If you take a sell trade below 1940.8, then use 1940.8 as stoploss and 1843.5 as target. However if you take a buy trade in stock , then use 1940.8 as stoploss and 2021.9 as target.

Share price targets for Mercadolibre Inc (MELI)

Target Type	Value
Downside Target	1563.21
Downside Target	1749.91
Downside Target	1882.30
Upside 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	1873.96
Downside Intraday Target	1816.97
Upside Intraday Target	1996.28
Upside Intraday Target	2061.61
Upside Intraday Target	1939.29

Weekly technical analysis of Mercadolibre Inc (MELI)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	1930.95	1894.14	2004.62	1882.30	0.388 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
13 Wed Nov 2024	1930.95	2030.44	2122.16	1749.91	1.26 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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mercadolibre Inc in short term and the sell signal is strong.

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 coming down

CCI has generated a SELL signal for Mercadolibre Inc in short term and SELL 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

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 1901.99 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.