MERCADOLIBRE INC (MELI) Stock Technical Analysis
NASDAQ:MELI - Nasdaq - US58733R1023 - Common Stock - Currency: USD
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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MELI did better than 90% of all other stocks.
MELI is part of the Broadline Retail industry. There are 32 other stocks in this industry. MELI outperforms 80% of them.
MELI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MELI is performing more or less in line with the market.
In the last month MELI has a been trading in the 1828.00 - 2374.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MELI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
1,607.03
2,091.11
We found 5 important support areas.
- A support zone ranging from 2070.40 to 2070.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1834.74 from a trend line in the weekly time frame.
- Support @1776.67 from a trend line in the weekly time frame.
- Support @1704.90 from a trend line in the daily time frame.
- Support @1623.26 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.59
Mansfield0.94
10 Day High2374.54
10 Day Low2034.03
20 Day High2374.54
20 Day Low1828
52 Week High2374.54
52 Week Low1324.99
Performance
1 Week-6.88%
2 Weeks-1.88%
1 Month7.71%
3 Month6.33%
6 Month4.25%
12 Month36.89%
2 Year57.08%
3 Year74.06%
5 Year323.76%
10 Year1589.85%
15 Year4194.57%
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)-8.1
RSI(14)52.53
LBB1984.5
UBB2256.18
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 |
|---|---|---|---|
| 2,145.68 | 2,070.39 | 75.29 (3.51%) | 25.00% |
| An entry @2145.68. This is a Buy Stop order right above the 10 day moving average. | An exit @2070.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 75.29 points, which is 3.51%. | For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MELI. Please evaluate whether better entry and exit points can be found.
- 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.
2070.41
-51.46 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-2.43%
1 Week-6.88%
2 Weeks-1.88%
1 Month7.71%
3 Month6.33%
6 Month4.25%
12 Month36.89%
2 Year57.08%
3 Year74.06%
5 Year323.76%
10 Year1589.85%
15 Year4194.57%
Volatility
ATR(14)87.42
ATR(20)%3.79%
ATR Inc-5.35%
Range Today85.61
ADR(20)70.46
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.59
Mansfield0.94
10 Day High2374.54
10 Day Low2034.03
20 Day High2374.54
20 Day Low1828
52 Week High2374.54
52 Week Low1324.99
CS1 End2070.4
CR1 StartN/A
Volume & EV
DER(3)-0.56%
DER(5)-0.03%
Volume358.57K
Volume Incr10.66%
Vol(5)451.10K
Vol(50)394.80K