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(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 439060

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 1509.05 1524.81 1529.61 1500.79 0.686 times
15 Fri Mar 2024 1499.51 1560.21 1567.50 1496.41 1.439 times
14 Thu Mar 2024 1561.27 1555.66 1583.49 1547.45 0.758 times
13 Wed Mar 2024 1550.62 1546.00 1558.76 1529.96 0.685 times
12 Tue Mar 2024 1545.56 1553.11 1575.00 1530.45 0.717 times
11 Mon Mar 2024 1547.32 1525.65 1550.59 1516.02 0.878 times
08 Fri Mar 2024 1512.50 1528.00 1552.99 1511.51 0.863 times
07 Thu Mar 2024 1529.94 1541.43 1543.00 1510.00 0.795 times
06 Wed Mar 2024 1525.59 1550.75 1557.15 1504.22 1.532 times
05 Tue Mar 2024 1527.29 1550.00 1562.20 1508.13 1.096 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 1506.7 as stoploss in an intra day buy trade for a target of 1589.95. However, stock will show a bearish move below 1506.7.

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 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 1496.69
Downside Intraday Target 1484.33
Upside Intraday Target 1525.51
Upside Intraday Target 1541.97
Upside Intraday Target 1513.15

Weekly technical analysis of Mercadolibre Inc (MELI)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 1509.05 1524.81 1529.61 1500.79 0.153 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
18 Mon Mar 2024 1509.05 1605.06 1614.90 1496.41 0.544 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 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 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 losing momentum.

MACD generated a SELL signal for Mercadolibre Inc in short term and the sell signal is strong.

Mercadolibre Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 1528 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 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 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 losing momentum.

MACD generated a SELL signal for Mercadolibre Inc in short term and the sell signal is strong.

Mercadolibre Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 1528 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.

Daily charts

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Daily chart
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