(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 353550
Date | Daily Closing Price | Open | High | Low | Volume |
28 Thu Mar 2024 | 1511.96 | 1522.65 | 1534.14 | 1509.34 | 0.741 times |
27 Wed Mar 2024 | 1522.65 | 1552.80 | 1552.80 | 1503.05 | 0.816 times |
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 |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1513.3, but if it comes above 1513.3, then a intra day buy could be more profitable.
If you take a sell trade below 1513.3, then use 1513.3 as stoploss and 1482.5 as target. However if you take a buy trade in stock , then use 1513.3 as stoploss and 1538.98 as target.
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 | 1486.7 |
Downside Intraday Target | 1461.45 |
Upside Intraday Target | 1553.56 |
Upside Intraday Target | 1595.17 |
Upside Intraday Target | 1528.31 |
Weekly technical analysis of Mercadolibre Inc (MELI)
Date | Weekly Closing Price | Open | High | Low | Volume |
28 Thu Mar 2024 | 1511.96 | 1568.05 | 1569.91 | 1503.05 | 0.68 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 |
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 |
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 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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 losing momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term but the buy signal is initial and weak.
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. 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 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 1528.82 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 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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 losing momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term but the buy signal is initial and weak.
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. 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 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 1528.82 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.