MERCADOLIBRE INC (MELI)
US58733R1023 - Common Stock
We assign a technical rating of 2 out of 10 to MELI. In the last year, MELI was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
MELI is part of the Broadline Retail industry. There are 32 other stocks in this industry. MELI outperforms 70% of them.
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.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, MELI turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
In the last month MELI has a been trading in the 1749.91 - 2122.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MELI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1,563.32
2,161.50
When analyzing the support we can see 4 important areas.
- Support @1872.00 from a horizontal line in the weekly time frame.
- Support @1803.88 from a trend line in the daily time frame.
- Support @1774.04 from a horizontal line in the daily time frame.
- Support @1579.11 from a trend line in the weekly 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
CRS64.83
Mansfield0.07
10 Day High2004.61
10 Day Low1793.1
20 Day High2122.16
20 Day Low1749.91
52 Week High2161.73
52 Week Low1324.99
Performance
1 Week4.9%
2 Weeks10.94%
1 Month-4.27%
3 Month-1.61%
6 Month16.21%
12 Month28.18%
2 Year111.41%
3 Year65.61%
5 Year239%
10 Year1296.45%
15 Year3888.15%
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)-1.12
RSI(14)49.2
LBB1769.28
UBB2127.13
MERCADOLIBRE INC
NASDAQ:MELI (11/21/2024, 8:00:01 PM)
After market: 1968.15 0 (0%)1968.15
+36.89 (+1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg1.91%
1 Week4.9%
2 Weeks10.94%
1 Month-4.27%
3 Month-1.61%
6 Month16.21%
12 Month28.18%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)80.49
ATR(20)%3.62%
ATR Inc
Range Today90.56
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 High2004.61
10 Day Low1793.1
20 Day High2122.16
20 Day Low1749.91
52 Week High2161.73
52 Week Low1324.99
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume385.60K
Volume Incr-26.26%
Vol(5)398.44K
Vol(50)400.76K