(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 595280
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Fri May 2024 | 1693.97 | 1700.00 | 1710.64 | 1681.54 | 0.387 times |
| 09 Thu May 2024 | 1695.40 | 1718.00 | 1718.00 | 1685.00 | 0.796 times |
| 08 Wed May 2024 | 1716.78 | 1665.00 | 1731.38 | 1663.37 | 0.815 times |
| 07 Tue May 2024 | 1688.69 | 1652.94 | 1702.69 | 1640.23 | 0.835 times |
| 06 Mon May 2024 | 1653.85 | 1642.21 | 1694.04 | 1633.32 | 1.011 times |
| 03 Fri May 2024 | 1630.56 | 1620.00 | 1680.00 | 1617.00 | 2.262 times |
| 02 Thu May 2024 | 1505.99 | 1463.38 | 1506.25 | 1444.10 | 1.169 times |
| 01 Wed May 2024 | 1456.51 | 1446.37 | 1483.63 | 1427.95 | 0.884 times |
| 30 Tue Apr 2024 | 1458.70 | 1438.36 | 1485.24 | 1433.02 | 0.92 times |
| 29 Mon Apr 2024 | 1438.36 | 1430.00 | 1446.44 | 1419.86 | 0.562 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1619.8, but if it comes below 1619.8, then a intra day sell could be more profitable.
If you take a sell trade below 1619.8, then use 1619.8 as stoploss and 1489.01 as target. However if you take a buy trade in stock , then use 1619.8 as stoploss and 1776.8 as target.
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1324.99 |
| Downside Target | 1416.76 |
| Downside Target | 1480.04 |
| Downside Target | 1577.00 |
| Downside Target | 1614.90 |
| Downside Target | 1633.32 |
| Downside Target | 1680.00 |
| Upside Target | 1731.38 |
| Upside Target | 1800.09 |
| Upside Target | 1825.00 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1641.07 |
| Downside Intraday Target | 1588.16 |
| Upside Intraday Target | 1739.13 |
| Upside Intraday Target | 1784.28 |
| Downside Intraday Target | 1686.22 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Fri May 2024 | 1693.97 | 1642.21 | 1731.38 | 1633.32 | 0.663 times |
| 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 |
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 |
| 10 Fri May 2024 | 1693.97 | 1446.37 | 1731.38 | 1427.95 | 0.63 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 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 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 losing momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 1594.55 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 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 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 losing momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 1594.55 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.