(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 2024-03-13 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 435340
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Wed Mar 2024 | 1550.62 | 1546.00 | 1558.76 | 1529.96 | 0.691 times |
| 12 Tue Mar 2024 | 1545.56 | 1553.11 | 1575.00 | 1530.45 | 0.723 times |
| 11 Mon Mar 2024 | 1547.32 | 1525.65 | 1550.59 | 1516.02 | 0.886 times |
| 08 Fri Mar 2024 | 1512.50 | 1528.00 | 1552.99 | 1511.51 | 0.87 times |
| 07 Thu Mar 2024 | 1529.94 | 1541.43 | 1543.00 | 1510.00 | 0.802 times |
| 06 Wed Mar 2024 | 1525.59 | 1550.75 | 1557.15 | 1504.22 | 1.545 times |
| 05 Tue Mar 2024 | 1527.29 | 1550.00 | 1562.20 | 1508.13 | 1.105 times |
| 04 Mon Mar 2024 | 1560.08 | 1611.11 | 1612.34 | 1552.79 | 1.248 times |
| 01 Fri Mar 2024 | 1612.75 | 1605.06 | 1614.90 | 1579.44 | 0.871 times |
| 29 Thu Feb 2024 | 1595.30 | 1593.95 | 1614.85 | 1584.13 | 1.193 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 1529.1 as stoploss in an intra day buy trade for a target of 1625.8. However, stock will show a bearish move below 1529.1.
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1215.01 |
| Downside Target | 1483.64 |
| Upside Target | 1564.21 |
| Upside Target | 1612.34 |
| Upside Target | 1625.24 |
| Upside Target | 1660.00 |
| Upside Target | 1667.85 |
| Upside Target | 1669.01 |
| Upside Target | 1792.57 |
| Upside Target | 1800.09 |
| Upside Target | 1825.00 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1519.43 |
| Downside Intraday Target | 1488.23 |
| Upside Intraday Target | 1578.41 |
| Upside Intraday Target | 1606.19 |
| Downside Intraday Target | 1547.21 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Wed Mar 2024 | 1550.62 | 1525.65 | 1575.00 | 1516.02 | 0.413 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 |
| 23 Fri Feb 2024 | 1629.32 | 1746.99 | 1825.00 | 1577.00 | 2.161 times |
| 16 Fri Feb 2024 | 1768.78 | 1740.18 | 1792.57 | 1669.01 | 0.747 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 |
| 13 Wed Mar 2024 | 1550.62 | 1605.06 | 1614.90 | 1504.22 | 0.408 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 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 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 short to mid 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 mid to longer 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.
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 SELL signal for Mercadolibre Inc in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
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 and selling is picking up 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 1550.46 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 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 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 short to mid 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 mid to longer 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.
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 SELL signal for Mercadolibre Inc in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
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 and selling is picking up 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 1550.46 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.