MERCADOLIBRE INC (MELI) Stock Technical Analysis
NASDAQ:MELI - Nasdaq - US58733R1023 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to MELI. In the past year, MELI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
65% of all other stocks performed better in the past year than MELI.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MELI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MELI is lagging the market slightly.
In the last month MELI has a been trading in the 1693.01 - 1905.00 range, which is quite wide. It is currently trading near the high of this range.
MELI is part of the Broadline Retail industry. There are 32 other stocks in this industry, MELI did better than 48% of them.
The technical rating of MELI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1,607.03
2,161.50
We found 5 important support areas.
- A support zone ranging from 1846.78 to 1861.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1782.75 to 1802.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1711.79 to 1720.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1650.94 to 1665.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1623.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2091.16 to 2140.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.77
Mansfield-0.23
10 Day High1905
10 Day Low1785.03
20 Day High1905
20 Day Low1693.01
52 Week High2161.73
52 Week Low1324.99
Performance
1 Week3.92%
2 Weeks7.76%
1 Month9.52%
3 Month-8.04%
6 Month6.4%
12 Month6.59%
2 Year59.92%
3 Year66.93%
5 Year185.03%
10 Year1424.74%
15 Year4869.13%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)16.53
RSI(14)59.94
LBB1719.87
UBB1917.15
MERCADOLIBRE INC
NASDAQ:MELI (1/30/2025, 11:55:42 AM)
1964.72
+74.96 (+3.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg3.97%
1 Week3.92%
2 Weeks7.76%
1 Month9.52%
3 Month-8.04%
6 Month6.4%
12 Month6.59%
2 Year59.92%
3 Year66.93%
5 Year185.03%
10 Year1424.74%
15 Year4869.13%
Volatility
ATR(14)50.44
ATR(20)%2.76%
ATR Inc9.77%
Range Today62.82
ADR(20)47.17
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.77
Mansfield-0.23
10 Day High1905
10 Day Low1785.03
20 Day High1905
20 Day Low1693.01
52 Week High2161.73
52 Week Low1324.99
CS1 End1861.71
CR1 Start2091.16
Volume & EV
DER(3)1.78%
DER(5)1.48%
Volume251.85K
Volume Incr-8.41%
Vol(5)296.52K
Vol(50)380.74K