MERCADOLIBRE INC (1MELI.MI) Stock Technical Analysis
BIT:1MELI • US58733R1023
We assign a technical rating of 3 out of 10 to 1MELI. In the last year, 1MELI was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 100% of all other stocks performed better in the past year than 1MELI.
- 1MELI is part of the Broadline Retail industry. There are 13 other stocks in this industry, of which 83% are performing better than 1MELI.
- In the last month 1MELI has a been trading in the 1625.00 - 2067.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Both the short term and long term trends are positive. This is a very positive sign.
The technical rating of 1MELI is bad and it also does not present a quality setup 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
1,663.00
We found 1 important resistance area.
- A resistance zone ranging from 1921.41 to 1921.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for 1MELI.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 1MELI.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 1MELI.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 1MELI.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 40.34 | NEUTRAL | The RSI value for 1MELI.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -62.05 | NEGATIVE | The MACD value suggests 1MELI.MI has a negative trend. |
| Stochastics (14,3) | 56.8 | NEUTRAL | The Stochastics value for 1MELI.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for 1MELI.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 20.9 | NEUTRAL | The ADX value for 1MELI.MI suggests a possible start of a new trend. |
BIT:1MELI (2/9/2026, 7:00:00 PM)
1679.8
-154.6 (-8.43%)
MERCADOLIBRE INC / 1MELI.MI FAQ
What is the technical rating for 1MELI stock?
ChartMill assigns a technical rating of 3 / 10 to 1MELI.MI.
What is the current trend direction of MERCADOLIBRE INC (1MELI.MI) stock?
The current trend direction for MERCADOLIBRE INC (1MELI.MI) is Bullish.
What is the RSI signal for 1MELI stock?
MERCADOLIBRE INC (1MELI.MI) has an RSI value of 40.3375. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MERCADOLIBRE INC?
The MACD indicator for MERCADOLIBRE INC (1MELI.MI) has a value of -62.0467, indicating a bearish trend.
Can you provide the support and resistance levels for MERCADOLIBRE INC?
MERCADOLIBRE INC (1MELI.MI) has a resistance level at 1921.41. Check the full technical report for our detailed analysis of 1MELI.MI support and resistance levels.