MERCADOLIBRE INC (MELI) Stock Technical Analysis
NASDAQ:MELI - Nasdaq - US58733R1023 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to MELI. MELI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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.
When comparing the yearly performance of all stocks, we notice that MELI is one of the better performing stocks in the market, outperforming 95% of all 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 86% of 31 stocks in the same industry.
MELI is currently trading in the upper part of its 52 week range. This is a good signal, certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
In the last month MELI has a been trading in the 1723.90 - 2202.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although MELI has an excellent technical rating, the quality of the presented setup is not ideal 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
2,159.59
4 important support areas can be observed.
- Support @1841.29 from a horizontal line in the weekly time frame.
- A support zone ranging from 1794.73 to 1809.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1714.93 from a trend line in the daily time frame.
- Support @1623.26 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @2138.21 from a trend 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
CRS95.08
Mansfield1.95
10 Day High2121.87
10 Day Low1723.9
20 Day High2202
20 Day Low1723.9
52 Week High2374.54
52 Week Low1324.99
Performance
1 Week8.55%
2 Weeks7.91%
1 Month1.54%
3 Month14.34%
6 Month0.94%
12 Month54.77%
2 Year64.34%
3 Year115.62%
5 Year259.78%
10 Year1375%
15 Year4063.76%
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)20.55
RSI(14)56.39
LBB1770.05
UBB2149.71
NASDAQ:MELI (4/21/2025, 3:54:40 PM)
2051.1
-48.27 (-2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-2.3%
1 Week8.55%
2 Weeks7.91%
1 Month1.54%
3 Month14.34%
6 Month0.94%
12 Month54.77%
2 Year64.34%
3 Year115.62%
5 Year259.78%
10 Year1375%
15 Year4063.76%
Volatility
ATR(14)107.32
ATR(20)%4.7%
ATR Inc-29.81%
Range Today78.41
ADR(20)90.39
ADR(20)%4.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.08
Mansfield1.95
10 Day High2121.87
10 Day Low1723.9
20 Day High2202
20 Day Low1723.9
52 Week High2374.54
52 Week Low1324.99
CS1 End1841.29
CR1 Start2138.21
Volume & EV
DER(3)1.63%
DER(5)1.49%
Volume181.07K
Volume Incr-30.65%
Vol(5)355.84K
Vol(50)482.61K