(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 354800
Date | Daily Closing Price | Open | High | Low | Volume |
27 Wed Mar 2024 | 1522.65 | 1552.80 | 1552.80 | 1503.05 | 0.813 times |
26 Tue Mar 2024 | 1537.46 | 1558.01 | 1564.00 | 1532.68 | 0.923 times |
25 Mon Mar 2024 | 1550.07 | 1568.05 | 1569.91 | 1533.78 | 0.758 times |
22 Fri Mar 2024 | 1571.99 | 1557.30 | 1577.01 | 1537.86 | 0.751 times |
21 Thu Mar 2024 | 1555.69 | 1538.07 | 1581.00 | 1538.07 | 1.403 times |
20 Wed Mar 2024 | 1528.84 | 1524.32 | 1534.26 | 1495.65 | 0.915 times |
19 Tue Mar 2024 | 1519.44 | 1502.76 | 1523.45 | 1480.04 | 0.834 times |
18 Mon Mar 2024 | 1509.05 | 1524.81 | 1529.61 | 1500.79 | 0.848 times |
15 Fri Mar 2024 | 1499.51 | 1560.21 | 1567.50 | 1496.41 | 1.781 times |
14 Thu Mar 2024 | 1561.27 | 1555.66 | 1583.49 | 1547.45 | 0.938 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 1515.5 as stoploss in an intra day buy trade for a target of 1543.15. However, stock will show a bearish move below 1515.5.
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 | 1493.83 |
Downside Intraday Target | 1465.01 |
Upside Intraday Target | 1560.69 |
Upside Intraday Target | 1598.73 |
Upside Intraday Target | 1531.87 |
Weekly technical analysis of Mercadolibre Inc (MELI)
Date | Weekly Closing Price | Open | High | Low | Volume |
27 Wed Mar 2024 | 1522.65 | 1568.05 | 1569.91 | 1503.05 | 0.525 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 |
27 Wed Mar 2024 | 1522.65 | 1605.06 | 1614.90 | 1480.04 | 0.787 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 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 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 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 mid to longer 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
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 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. 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 and SELL signal is strong!
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 1533.12 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 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 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 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 mid to longer 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
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 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. 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 and SELL signal is strong!
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 1533.12 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.