(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 2024-03-08 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 624480
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Fri Mar 2024 | 1512.50 | 1528.00 | 1552.99 | 1511.51 | 0.607 times |
| 07 Thu Mar 2024 | 1529.94 | 1541.43 | 1543.00 | 1510.00 | 0.559 times |
| 06 Wed Mar 2024 | 1525.59 | 1550.75 | 1557.15 | 1504.22 | 1.077 times |
| 05 Tue Mar 2024 | 1527.29 | 1550.00 | 1562.20 | 1508.13 | 0.77 times |
| 04 Mon Mar 2024 | 1560.08 | 1611.11 | 1612.34 | 1552.79 | 0.87 times |
| 01 Fri Mar 2024 | 1612.75 | 1605.06 | 1614.90 | 1579.44 | 0.607 times |
| 29 Thu Feb 2024 | 1595.30 | 1593.95 | 1614.85 | 1584.13 | 0.832 times |
| 28 Wed Feb 2024 | 1579.49 | 1596.00 | 1600.69 | 1577.77 | 0.529 times |
| 27 Tue Feb 2024 | 1607.44 | 1630.55 | 1630.55 | 1590.18 | 0.77 times |
| 26 Mon Feb 2024 | 1610.13 | 1625.01 | 1667.85 | 1600.45 | 1.011 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1556.3, but if it comes above 1556.3, then a intra day buy could be more profitable.
If you take a sell trade below 1556.3, then use 1556.3 as stoploss and 1440.7 as target. However if you take a buy trade in stock , then use 1556.3 as stoploss and 1652.72 as target.
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1215.01 |
| Downside Target | 1483.64 |
| Upside Target | 1564.21 |
| Upside Target | 1612.34 |
| Upside Target | 1660.00 |
| Upside Target | 1669.01 |
| Upside Target | 1676.01 |
| Upside Target | 1778.97 |
| Upside Target | 1792.57 |
| Upside Target | 1800.09 |
| Upside Target | 1825.00 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1473.7 |
| Downside Intraday Target | 1434.9 |
| Upside Intraday Target | 1581.82 |
| Upside Intraday Target | 1651.14 |
| Upside Intraday Target | 1543.02 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Fri Mar 2024 | 1512.50 | 1611.11 | 1612.34 | 1504.22 | 1.036 times |
| 01 Fri Mar 2024 | 1612.75 | 1625.01 | 1667.85 | 1577.77 | 0.716 times |
| 23 Fri Feb 2024 | 1629.32 | 1746.99 | 1825.00 | 1577.00 | 2.161 times |
| 16 Fri Feb 2024 | 1768.78 | 1740.18 | 1792.57 | 1669.01 | 0.747 times |
| 09 Fri Feb 2024 | 1742.26 | 1769.82 | 1778.97 | 1676.01 | 1.34 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 |
| 08 Fri Mar 2024 | 1512.50 | 1605.06 | 1614.90 | 1504.22 | 0.301 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 |
| 29 Fri Dec 2023 | 1571.54 | 1609.33 | 1660.00 | 1564.21 | 0.703 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 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 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 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 losing 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 getting stronger in this stock.
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 but selling is losing 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 1566.7 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 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 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 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 losing 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 getting stronger in this stock.
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 but selling is losing 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 1566.7 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.