(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 2024-03-11 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 476550
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Mon Mar 2024 | 1547.32 | 1525.65 | 1550.59 | 1516.02 | 0.809 times |
| 08 Fri Mar 2024 | 1512.50 | 1528.00 | 1552.99 | 1511.51 | 0.795 times |
| 07 Thu Mar 2024 | 1529.94 | 1541.43 | 1543.00 | 1510.00 | 0.732 times |
| 06 Wed Mar 2024 | 1525.59 | 1550.75 | 1557.15 | 1504.22 | 1.411 times |
| 05 Tue Mar 2024 | 1527.29 | 1550.00 | 1562.20 | 1508.13 | 1.009 times |
| 04 Mon Mar 2024 | 1560.08 | 1611.11 | 1612.34 | 1552.79 | 1.14 times |
| 01 Fri Mar 2024 | 1612.75 | 1605.06 | 1614.90 | 1579.44 | 0.795 times |
| 29 Thu Feb 2024 | 1595.30 | 1593.95 | 1614.85 | 1584.13 | 1.09 times |
| 28 Wed Feb 2024 | 1579.49 | 1596.00 | 1600.69 | 1577.77 | 0.693 times |
| 27 Tue Feb 2024 | 1607.44 | 1630.55 | 1630.55 | 1590.18 | 1.009 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 1546.3 as stoploss in an intra day buy trade for a target of 1642.97. However, stock will show a bearish move below 1546.3.
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1215.01 |
| Downside Target | 1483.64 |
| Upside Target | 1550.59 |
| Upside Target | 1612.34 |
| Upside Target | 1625.24 |
| Upside Target | 1660.00 |
| Upside Target | 1667.85 |
| Upside Target | 1669.01 |
| 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 | 1525.36 |
| Downside Intraday Target | 1503.41 |
| Upside Intraday Target | 1559.93 |
| Upside Intraday Target | 1572.55 |
| Downside Intraday Target | 1537.98 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Mon Mar 2024 | 1547.32 | 1525.65 | 1550.59 | 1516.02 | 0.159 times |
| 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 |
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 |
| 11 Mon Mar 2024 | 1547.32 | 1605.06 | 1614.90 | 1504.22 | 0.342 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 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 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 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 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 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 1558.97 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 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 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 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 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 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 1558.97 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.