(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 422710
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Fri May 2024 | 1630.56 | 1620.00 | 1680.00 | 1617.00 | 3.186 times |
| 02 Thu May 2024 | 1505.99 | 1463.38 | 1506.25 | 1444.10 | 1.646 times |
| 01 Wed May 2024 | 1456.51 | 1446.37 | 1483.63 | 1427.95 | 1.246 times |
| 30 Tue Apr 2024 | 1458.70 | 1438.36 | 1485.24 | 1433.02 | 1.296 times |
| 29 Mon Apr 2024 | 1438.36 | 1430.00 | 1446.44 | 1419.86 | 0.791 times |
| 26 Fri Apr 2024 | 1406.00 | 1380.00 | 1416.76 | 1376.69 | 1.049 times |
| 25 Thu Apr 2024 | 1363.83 | 1350.00 | 1369.08 | 1341.00 | 0.5 times |
| 24 Wed Apr 2024 | 1370.00 | 1384.87 | 1399.70 | 1360.00 | 0.713 times |
| 23 Tue Apr 2024 | 1395.00 | 1390.00 | 1408.18 | 1367.28 | 0.989 times |
| 22 Mon Apr 2024 | 1368.23 | 1364.22 | 1370.34 | 1324.99 | 0.921 times |
Stock of Mercadolibre Inc (MELI) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1582.8, for a target of 1503.4 or 1437.24
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1324.99 |
| Downside Target | 1416.76 |
| Downside Target | 1480.04 |
| Downside Target | 1540.98 |
| Downside Target | 1577.00 |
| Downside Target | 1614.90 |
| Upside Target | 1680.00 |
| Upside Target | 1800.09 |
| Upside Target | 1825.00 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1473.61 |
| Downside Intraday Target | 1316.67 |
| Upside Intraday Target | 1733.75 |
| Upside Intraday Target | 1836.95 |
| Downside Intraday Target | 1576.81 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Fri May 2024 | 1630.56 | 1430.00 | 1680.00 | 1419.86 | 1.957 times |
| 26 Fri Apr 2024 | 1406.00 | 1364.22 | 1416.76 | 1324.99 | 0.805 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 |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mercadolibre Inc (MELI)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 03 Fri May 2024 | 1630.56 | 1446.37 | 1680.00 | 1427.95 | 0.333 times |
| 30 Tue Apr 2024 | 1458.70 | 1527.25 | 1540.98 | 1324.99 | 1.013 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 |
Scroll below to view daily charts
Price has moved up 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 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 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 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 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 BUY. Signal strength is Strong 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 stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Mercadolibre Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL 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 1482.56 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 rising upwards.
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 is giving positive returns over a short term period. Returns for a longer term period have been positive
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 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 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 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 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 BUY. Signal strength is Strong 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 stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Mercadolibre Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL 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 1482.56 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 rising upwards.
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 is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.