(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 2024-09-13 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 302510
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Fri Sep 2024 | 2122.37 | 2136.96 | 2143.96 | 2117.68 | 0.849 times |
| 12 Thu Sep 2024 | 2140.10 | 2056.00 | 2142.59 | 2054.72 | 1.441 times |
| 11 Wed Sep 2024 | 2045.88 | 2026.81 | 2053.00 | 1984.85 | 1.069 times |
| 10 Tue Sep 2024 | 2017.58 | 2040.30 | 2045.33 | 2001.50 | 0.657 times |
| 09 Mon Sep 2024 | 2029.91 | 2006.96 | 2035.88 | 2001.80 | 0.76 times |
| 06 Fri Sep 2024 | 1986.05 | 2034.85 | 2034.85 | 1966.00 | 1.006 times |
| 05 Thu Sep 2024 | 2038.18 | 1991.59 | 2048.05 | 1991.59 | 0.723 times |
| 04 Wed Sep 2024 | 1991.59 | 1996.83 | 2006.01 | 1977.90 | 0.556 times |
| 03 Tue Sep 2024 | 1990.17 | 2050.00 | 2053.60 | 1984.00 | 1.247 times |
| 30 Fri Aug 2024 | 2061.66 | 2025.99 | 2064.76 | 2018.41 | 1.271 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2118.4, for a target of 2068.8 or 2027.51
Share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Target | 1427.95 |
| Downside Target | 1550.00 |
| Downside Target | 1723.28 |
| Downside Target | 1764.50 |
| Downside Target | 1966.00 |
| Downside Target | 2029.99 |
| Downside Target | 2053.60 |
| Downside Target | 2064.76 |
| Upside Target | 2143.96 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 2023.49 |
| Downside Intraday Target | 1924.62 |
| Upside Intraday Target | 2182.6 |
| Upside Intraday Target | 2242.84 |
| Downside Intraday Target | 2083.73 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Fri Sep 2024 | 2122.37 | 2006.96 | 2143.96 | 1984.85 | 1.352 times |
| 06 Fri Sep 2024 | 1986.05 | 2050.00 | 2053.60 | 1966.00 | 2.779 times |
| 30 Fri Aug 2024 | 2061.66 | 2025.99 | 2064.76 | 2018.41 | 0.298 times |
| 30 Fri Aug 2024 | 2061.66 | 1991.73 | 2064.76 | 1978.00 | 1.269 times |
| 23 Fri Aug 2024 | 2000.31 | 1989.67 | 2029.99 | 1973.26 | 0.66 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 Fri Sep 2024 | 2122.37 | 2050.00 | 2143.96 | 1966.00 | 0.307 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 |
| 28 Fri Jun 2024 | 1643.40 | 1718.05 | 1723.28 | 1550.00 | 0.636 times |
Scroll below to view daily charts
Price has moved up 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercadolibre Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a buy signal for Mercadolibre Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 2048.45 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 positive
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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercadolibre Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a buy signal for Mercadolibre Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 2048.45 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.