(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.
10 day averaged volume of Mercadolibre Inc is 407620
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Wed Apr 2024 | 1370.00 | 1384.87 | 1399.70 | 1360.00 | 0.739 times |
| 23 Tue Apr 2024 | 1395.00 | 1390.00 | 1408.18 | 1367.28 | 1.025 times |
| 22 Mon Apr 2024 | 1368.23 | 1364.22 | 1370.34 | 1324.99 | 0.955 times |
| 19 Fri Apr 2024 | 1356.43 | 1379.13 | 1379.13 | 1344.31 | 0.881 times |
| 18 Thu Apr 2024 | 1370.25 | 1388.95 | 1398.89 | 1366.93 | 0.96 times |
| 17 Wed Apr 2024 | 1397.86 | 1404.40 | 1414.19 | 1389.00 | 1.101 times |
| 16 Tue Apr 2024 | 1397.88 | 1418.00 | 1419.85 | 1396.69 | 0.895 times |
| 15 Mon Apr 2024 | 1415.88 | 1466.39 | 1495.30 | 1400.83 | 1.538 times |
| 12 Fri Apr 2024 | 1444.14 | 1495.19 | 1517.14 | 1442.89 | 1.323 times |
| 11 Thu Apr 2024 | 1507.56 | 1486.00 | 1509.02 | 1479.00 | 0.703 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1392.9, but if it comes above 1392.9, then a intra day buy could be more profitable.
If you take a sell trade below 1392.9, then use 1392.9 as stoploss and 1321 as target. However if you take a buy trade in stock , then use 1392.9 as stoploss and 1452.77 as target.
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1324.99 |
| Upside Target | 1408.18 |
| Upside Target | 1442.89 |
| Upside Target | 1480.04 |
| Upside Target | 1540.98 |
| Upside Target | 1564.21 |
| Upside Target | 1569.91 |
| Upside Target | 1577.00 |
| Upside Target | 1614.90 |
| Upside Target | 1660.00 |
| Upside Target | 1800.09 |
| Upside Target | 1825.00 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1327.27 |
| Downside Intraday Target | 1284.53 |
| Upside Intraday Target | 1410.46 |
| Upside Intraday Target | 1450.91 |
| Downside Intraday Target | 1367.72 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Wed Apr 2024 | 1370.00 | 1364.22 | 1408.18 | 1324.99 | 0.506 times |
| 19 Fri Apr 2024 | 1356.43 | 1466.39 | 1495.30 | 1344.31 | 1.401 times |
| 12 Fri Apr 2024 | 1444.14 | 1513.25 | 1517.14 | 1442.89 | 1.199 times |
| 05 Fri Apr 2024 | 1501.72 | 1527.25 | 1540.98 | 1486.03 | 1.137 times |
| 28 Thu Mar 2024 | 1511.96 | 1568.05 | 1569.91 | 1503.05 | 0.68 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 |
| 24 Wed Apr 2024 | 1370.00 | 1527.25 | 1540.98 | 1324.99 | 0.811 times |
| 28 Thu Mar 2024 | 1511.96 | 1605.06 | 1614.90 | 1480.04 | 0.815 times |
| 29 Thu Feb 2024 | 1595.30 | 1751.83 | 1825.00 | 1577.00 | 1.183 times |
| 31 Wed Jan 2024 | 1711.81 | 1562.61 | 1800.09 | 1483.64 | 1.136 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below 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 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 1402.93 and Mercadolibre Inc (MELI) stock is trading below this level. This means that stock is falling with high volumes. 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.
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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below 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 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 1402.93 and Mercadolibre Inc (MELI) stock is trading below this level. This means that stock is falling with high volumes. 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.