(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 2024-10-24 View latest technical analysis
10 day averaged volume of Mercadolibre Inc is 230290
| Date | Daily Closing Price | Open | High | Low | Volume |
| 24 Thu Oct 2024 | 2055.93 | 2038.70 | 2063.99 | 2029.88 | 0.568 times |
| 23 Wed Oct 2024 | 2038.70 | 2062.29 | 2075.24 | 2028.42 | 0.712 times |
| 22 Tue Oct 2024 | 2067.82 | 2077.92 | 2090.01 | 2061.02 | 0.819 times |
| 21 Mon Oct 2024 | 2100.58 | 2065.00 | 2102.98 | 2065.00 | 0.944 times |
| 18 Fri Oct 2024 | 2079.79 | 2065.87 | 2088.33 | 2046.67 | 0.999 times |
| 17 Thu Oct 2024 | 2065.87 | 2066.85 | 2079.94 | 2046.03 | 0.868 times |
| 16 Wed Oct 2024 | 2046.47 | 2029.32 | 2063.97 | 2029.32 | 1 times |
| 15 Tue Oct 2024 | 2033.62 | 2075.48 | 2082.99 | 2018.39 | 1.436 times |
| 14 Mon Oct 2024 | 2079.96 | 2091.82 | 2105.04 | 2073.41 | 0.876 times |
| 11 Fri Oct 2024 | 2091.16 | 2058.21 | 2107.10 | 2043.00 | 1.489 times |
My analysis of stock is bullish for shortterm, and stock might move up till 2083 or till 2134.6. Use a stoploss of 2039.93 and if this stock hits its stoploss, then it can fall down till 1996.9
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 |
| Downside Target | 2018.39 |
| Upside Target | 2067.72 |
| Upside Target | 2102.98 |
| Upside Target | 2105.04 |
| Upside Target | 2107.10 |
| Upside Target | 2161.73 |
Intraday share price targets for Mercadolibre Inc (MELI)
| Target Type | Value |
| Downside Intraday Target | 2021.91 |
| Downside Intraday Target | 1987.88 |
| Upside Intraday Target | 2096.47 |
| Upside Intraday Target | 2137 |
| Upside Intraday Target | 2062.44 |
Weekly technical analysis of Mercadolibre Inc (MELI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 24 Thu Oct 2024 | 2055.93 | 2065.00 | 2102.98 | 2028.42 | 0.588 times |
| 18 Fri Oct 2024 | 2079.79 | 2091.82 | 2105.04 | 2018.39 | 0.892 times |
| 11 Fri Oct 2024 | 2091.16 | 1961.00 | 2107.10 | 1951.01 | 0.734 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 |
Price has moved down 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 |
| 24 Thu Oct 2024 | 2055.93 | 2060.00 | 2107.10 | 1937.28 | 0.806 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 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 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak 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 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 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 but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 2066.65 and Mercadolibre Inc (MELI) stock is trading below this level. This means that stock is falling with high volumes. 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 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak 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 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 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 but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY 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 2066.65 and Mercadolibre Inc (MELI) stock is trading below this level. This means that stock is falling with high volumes. 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.