(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 2024-03-26 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 353510
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Tue Mar 2024 | 1537.46 | 1558.01 | 1564.00 | 1532.68 | 0.926 times |
| 25 Mon Mar 2024 | 1550.07 | 1568.05 | 1569.91 | 1533.78 | 0.761 times |
| 22 Fri Mar 2024 | 1571.99 | 1557.30 | 1577.01 | 1537.86 | 0.754 times |
| 21 Thu Mar 2024 | 1555.69 | 1538.07 | 1581.00 | 1538.07 | 1.408 times |
| 20 Wed Mar 2024 | 1528.84 | 1524.32 | 1534.26 | 1495.65 | 0.918 times |
| 19 Tue Mar 2024 | 1519.44 | 1502.76 | 1523.45 | 1480.04 | 0.837 times |
| 18 Mon Mar 2024 | 1509.05 | 1524.81 | 1529.61 | 1500.79 | 0.851 times |
| 15 Fri Mar 2024 | 1499.51 | 1560.21 | 1567.50 | 1496.41 | 1.787 times |
| 14 Thu Mar 2024 | 1561.27 | 1555.66 | 1583.49 | 1547.45 | 0.942 times |
| 13 Wed Mar 2024 | 1550.62 | 1546.00 | 1558.76 | 1529.96 | 0.851 times |
My analysis of stock is bearish for shortterm, and stock might move down till 1517.7 or till 1483.8. Use a stoploss of 1545.99 and if the stock hits stoploss, then it can shoot up till 1574.27
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1215.01 |
| Downside Target | 1480.04 |
| Upside Target | 1564.21 |
| Upside Target | 1583.49 |
| Upside Target | 1612.34 |
| Upside Target | 1614.90 |
| Upside Target | 1625.24 |
| Upside Target | 1660.00 |
| Upside Target | 1667.85 |
| Upside Target | 1800.09 |
| Upside Target | 1825.00 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1523.46 |
| Downside Intraday Target | 1509.45 |
| Upside Intraday Target | 1560.69 |
| Upside Intraday Target | 1583.91 |
| Upside Intraday Target | 1546.68 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Tue Mar 2024 | 1537.46 | 1568.05 | 1569.91 | 1532.68 | 0.354 times |
| 22 Fri Mar 2024 | 1571.99 | 1524.81 | 1581.00 | 1480.04 | 0.858 times |
| 15 Fri Mar 2024 | 1499.51 | 1525.65 | 1583.49 | 1496.41 | 0.811 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 |
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 |
| 26 Tue Mar 2024 | 1537.46 | 1605.06 | 1614.90 | 1480.04 | 0.756 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Mercadolibre Inc stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercadolibre Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 1535.46 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.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Mercadolibre Inc stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercadolibre Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.
RSI is generating a SELL signal in short term but selling is losing 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 1535.46 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.