(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 2024-03-22 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 376400
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Fri Mar 2024 | 1571.99 | 1557.30 | 1577.01 | 1537.86 | 0.708 times |
| 21 Thu Mar 2024 | 1555.69 | 1538.07 | 1581.00 | 1538.07 | 1.323 times |
| 20 Wed Mar 2024 | 1528.84 | 1524.32 | 1534.26 | 1495.65 | 0.862 times |
| 19 Tue Mar 2024 | 1519.44 | 1502.76 | 1523.45 | 1480.04 | 0.786 times |
| 18 Mon Mar 2024 | 1509.05 | 1524.81 | 1529.61 | 1500.79 | 0.8 times |
| 15 Fri Mar 2024 | 1499.51 | 1560.21 | 1567.50 | 1496.41 | 1.679 times |
| 14 Thu Mar 2024 | 1561.27 | 1555.66 | 1583.49 | 1547.45 | 0.884 times |
| 13 Wed Mar 2024 | 1550.62 | 1546.00 | 1558.76 | 1529.96 | 0.799 times |
| 12 Tue Mar 2024 | 1545.56 | 1553.11 | 1575.00 | 1530.45 | 0.836 times |
| 11 Mon Mar 2024 | 1547.32 | 1525.65 | 1550.59 | 1516.02 | 1.024 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1586.4 as stoploss in an intra day sell trade for a target of 1552.49. However, stock will show a bullish move above 1586.4.
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1215.01 |
| Downside Target | 1480.04 |
| Downside Target | 1564.21 |
| 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 | 1507.69 |
| Downside Intraday Target | 1443.38 |
| Upside Intraday Target | 1608.65 |
| Upside Intraday Target | 1645.3 |
| Downside Intraday Target | 1544.34 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 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 |
| 23 Fri Feb 2024 | 1629.32 | 1746.99 | 1825.00 | 1577.00 | 2.161 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 |
| 22 Fri Mar 2024 | 1571.99 | 1605.06 | 1614.90 | 1480.04 | 0.692 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 Weak 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 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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term and selling is picking up 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 1536.32 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 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Mercadolibre Inc ( (MELI) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 Weak 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 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 stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term and selling is picking up 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 1536.32 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.