MERCADOLIBRE INC (MELI)
US58733R1023 - Common Stock
We assign a technical rating of 10 out of 10 to MELI. Both in the recent history as in the last year, MELI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MELI did better than 82% of all other stocks. We also observe that the gains produced by MELI over the past year are nicely spread over this period.
MELI is one of the better performing stocks in the Broadline Retail industry, it outperforms 83% of 32 stocks in the same industry.
MELI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MELI has a been trading in the 1962.38 - 2122.16 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, MELI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2122.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2085.74, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1,561.01
2,161.50
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2053.63 to 2085.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1959.20 to 2013.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1845.14 from a trend line in the daily time frame.
- Support @1576.78 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2122.37 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
CRS82.71
Mansfield0.85
10 Day High2122.16
10 Day Low1962.38
20 Day High2122.16
20 Day Low1962.38
52 Week High2161.73
52 Week Low1324.99
Performance
1 Week4.78%
2 Weeks3.86%
1 Month3.38%
3 Month12.41%
6 Month24.99%
12 Month54.05%
2 Year127.43%
3 Year78.16%
5 Year264.69%
10 Year1402.27%
15 Year4190.37%
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)4.39
RSI(14)61.43
LBB2007.39
UBB2114.99
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2,140.11 | 2,053.62 | 86.49 (4.04%) | 24.74% |
| An entry @2140.11. This is a Buy Stop order right above the resistance zone. | An exit @2053.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 86.49 points, which is 4.04%. | For a 1.00% total portfolio risk, you can invest 24.74% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MERCADOLIBRE INC
NASDAQ:MELI (11/6/2024, 9:43:06 PM)
After market: 1929 -188.3 (-8.89%)2117.3
+27.29 (+1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg1.31%
1 Week4.78%
2 Weeks3.86%
1 Month3.38%
3 Month12.41%
6 Month24.99%
12 Month54.05%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)43.82
ATR(20)%2.07%
ATR Inc
Range Today38.84
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2122.16
10 Day Low1962.38
20 Day High2122.16
20 Day Low1962.38
52 Week High2161.73
52 Week Low1324.99
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume508.80K
Volume Incr37.26%
Vol(5)342.98K
Vol(50)283.70K