(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 2024-10-07 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 323590
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Mon Oct 2024 | 1963.23 | 1961.00 | 1985.00 | 1951.01 | 0.779 times |
| 04 Fri Oct 2024 | 1960.00 | 1966.00 | 1972.21 | 1937.28 | 0.976 times |
| 03 Thu Oct 2024 | 1959.20 | 1956.65 | 1970.01 | 1942.32 | 0.752 times |
| 02 Wed Oct 2024 | 1970.72 | 1993.22 | 2015.42 | 1952.42 | 1.591 times |
| 01 Tue Oct 2024 | 2066.12 | 2060.00 | 2067.72 | 2033.24 | 1.079 times |
| 30 Mon Sep 2024 | 2051.96 | 2055.30 | 2064.87 | 2030.25 | 1.232 times |
| 27 Fri Sep 2024 | 2064.71 | 2100.21 | 2100.21 | 2055.52 | 0.993 times |
| 26 Thu Sep 2024 | 2100.21 | 2147.80 | 2161.73 | 2098.32 | 1.016 times |
| 25 Wed Sep 2024 | 2131.29 | 2097.15 | 2132.68 | 2088.75 | 0.726 times |
| 24 Tue Sep 2024 | 2111.00 | 2116.28 | 2124.33 | 2092.00 | 0.937 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2006.4, but if it comes above 2006.4, then a intra day buy could be more profitable.
If you take a sell trade below 2006.4, then use 2006.4 as stoploss and 1935.9 as target. However if you take a buy trade in stock , then use 2006.4 as stoploss and 2065.13 as target.
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1550.00 |
| Downside Target | 1723.28 |
| Downside Target | 1764.50 |
| Downside Target | 1937.28 |
| Upside Target | 2055.52 |
| Upside Target | 2067.18 |
| Upside Target | 2067.72 |
| Upside Target | 2143.96 |
| Upside Target | 2157.64 |
| Upside Target | 2161.73 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 1947.83 |
| Downside Intraday Target | 1932.42 |
| Upside Intraday Target | 1981.82 |
| Upside Intraday Target | 2000.4 |
| Upside Intraday Target | 1966.41 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Mon Oct 2024 | 1963.23 | 1961.00 | 1985.00 | 1951.01 | 0.138 times |
| 04 Fri Oct 2024 | 1960.00 | 2055.30 | 2067.72 | 1937.28 | 1.288 times |
| 27 Fri Sep 2024 | 2064.71 | 2117.83 | 2161.73 | 2055.52 | 0.977 times |
| 20 Fri Sep 2024 | 2103.75 | 2128.83 | 2157.64 | 2067.18 | 1.002 times |
| 13 Fri Sep 2024 | 2122.37 | 2006.96 | 2143.96 | 1984.85 | 1.352 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 |
| 07 Mon Oct 2024 | 1963.23 | 2060.00 | 2067.72 | 1937.28 | 0.29 times |
| 30 Mon Sep 2024 | 2051.96 | 2050.00 | 2161.73 | 1966.00 | 0.706 times |
| 30 Fri Aug 2024 | 2061.66 | 1675.49 | 2064.76 | 1579.78 | 1.285 times |
| 31 Wed Jul 2024 | 1668.90 | 1635.61 | 1764.50 | 1563.21 | 1.127 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 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 short 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 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 but the sell signal is initial and weak.
Mercadolibre Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Mercadolibre Inc in short term but BUY signal is weak.
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 2035.29 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 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 short 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 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 but the sell signal is initial and weak.
Mercadolibre Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Mercadolibre Inc in short term but BUY signal is weak.
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 2035.29 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.