Mercadolibre Inc (MELI) Technical (Analysis) Reports Mercadolibre Inc ["Technical Analysis"] Reports -NASDAQ Stock Exchange MunafaSutra.com
Complete & easy to understand technical analysis of Mercadolibre Inc (MELI)
Technical Analysis Report for NASDAQ stock MELI Mercadolibre Inc. Dated: 15 Jan 2025 Updated Daily. Stock trades under Miscellaneous Deals in Business Services in NASDAQ stock exchange
If you are looking for Tomorrow's Movement Predictions for NASDAQ stock MELI Mercadolibre Inc then click here. or read Experts views on Mercadolibre Inc or Forecast & share price targets of Mercadolibre Inc
Mercadolibre Inc Opened at 1795.00 and Closed at: 1838.15, which is 4.6% of previous session's close. It moved within a range of 1785.03 and 1843.53
The session was a Bullish session with an average volume of 364200, which is 34.02% of previous session's volumes.
- There is some positive change in the short term trend, but its too soon to jump onto conclusions.
- Even though the stock has shown an up move, but the mid term trend of the stock remains negative and in a downtrend.
- The stock has shown an up move, and its long term trend is also positive and in an uptrend.
A Golden cross was found 4 days back on short term averages
A Dead cross was found 8 days back on long term averages
Support for tomorrow is 1811.59 and resistance for tomorrow is 1870.09
These support and resistance points are valid for the first 5-15 minutes charts
Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.
Support for tomorrow's hourly charts is 1800.94, 1763.74 resistance for tomorrow's hourly charts is 1859.44, 1880.74
10 Day SMA for Mercadolibre Inc (MELI) is 1771.33 and stock is trading above these levels. This is a good sign for its short term trend
20 Day SMA for Mercadolibre Inc (MELI) is 1746.73 and the stock is trading above these levels. This is a good sign for its mid term trend
50 Day SMA for Mercadolibre Inc (MELI) is 1873.03 and the stock is trading below these levels. This is not a good sign for its mid to long term trend
100 Day SMA is 1960.08 and the stock is trading below these levels. This is not a good sign for its long term trend
200 Day SMA Mercadolibre Inc is 1797.8 and stock is trading above these levels. This is a good sign for its long term trend
20 DMA of Mercadolibre Inc is at 1746.73 and 200 DMA is at 1797.8, while 50 DMA and 100 DMA are at 1873.03 and 1960.08 respectively
Mercadolibre Inc (MELI) moving average of 20 SMA is at 1746.73 and 20 EMA is at 1780.45
| Date | Closing Price | 20 SMA | 20 EMA |
| 15 Wed Jan | 1838.15 | 1746.73 | 1780.45 |
| 14 Tue Jan | 1753.61 | 1745.28 | 1774.38 |
| 13 Mon Jan | 1740.00 | 1747.44 | 1776.57 |
| 13 Mon Jan | 1740.00 | 1751.63 | 1780.42 |
| 10 Fri Jan | 1758.77 | 1758.17 | 1784.67 |
| 08 Wed Jan | 1739.00 | 1765.13 | 1787.39 |
Mercadolibre Inc (MELI) moving average of 50 SMA is at 1873.03 and 50 EMA is at 1845.73
| Date | Closing Price | 50 SMA | 50 EMA |
| 15 Wed Jan | 1838.15 | 1873.03 | 1845.73 |
| 14 Tue Jan | 1753.61 | 1877.22 | 1846.04 |
| 13 Mon Jan | 1740.00 | 1883.27 | 1849.81 |
| 13 Mon Jan | 1740.00 | 1889.24 | 1854.29 |
| 10 Fri Jan | 1758.77 | 1895.8 | 1858.95 |
| 08 Wed Jan | 1739.00 | 1902.63 | 1863.04 |
Mercadolibre Inc (MELI) moving average of 100 SMA is at 1960.08 and 100 EMA is at 1869.55
| Date | Closing Price | 100 SMA | 100 EMA |
| 15 Wed Jan | 1838.15 | 1960.08 | 1869.55 |
| 14 Tue Jan | 1753.61 | 1961.8 | 1870.18 |
| 13 Mon Jan | 1740.00 | 1964.05 | 1872.53 |
| 13 Mon Jan | 1740.00 | 1966.61 | 1875.21 |
| 10 Fri Jan | 1758.77 | 1968.2 | 1877.94 |
| 08 Wed Jan | 1739.00 | 1969.77 | 1880.35 |
Mercadolibre Inc (MELI) moving average of 200 SMA is at 1797.8 and 200 EMA is at 1802.19
| Date | Closing Price | 200 SMA | 200 EMA |
| 15 Wed Jan | 1838.15 | 1797.8 | 1802.19 |
| 14 Tue Jan | 1753.61 | 1796.17 | 1801.83 |
| 13 Mon Jan | 1740.00 | 1795.02 | 1802.32 |
| 13 Mon Jan | 1740.00 | 1794.01 | 1802.95 |
| 10 Fri Jan | 1758.77 | 1793.06 | 1803.59 |
| 08 Wed Jan | 1739.00 | 1792.12 | 1804.04 |
Mercadolibre Inc has performed better than Tuanche in short term. Holding Mercadolibre Inc could be a better choice for now!
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Mercadolibre Inc has performed better than International Money in short term. Holding Mercadolibre Inc could be a better choice for now!
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Mercadolibre Inc Technical analysis of indicators
Price action analysis of Mercadolibre Inc (MELI) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Mercadolibre Inc stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Mercadolibre Inc in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mercadolibre Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Mercadolibre Inc in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Mercadolibre Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1775.36 and Mercadolibre Inc MELI stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Mercadolibre Inc MELI stock. Volume based technical analysis of Mercadolibre Inc MELI stock is negative.
Mercadolibre Inc Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Tomorrow's Predictions
You should also read Tomorrow's Movement Predictions for NASDAQ stock MELI Mercadolibre Inc These predictions are based on various factors, are easy to understand, and upto 75% accurate!
And MELI Experts View which covers a lot of information including buying and selling signals
MELI future forecast & share price targets
You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Mercadolibre Inc or View Candle Stick Charts here
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