MERCADOLIBRE INC (1MELI.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:1MELI - US58733R1023 - Common Stock
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.
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
1,695.08
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1752.24 to 1755.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1837.41 from a horizontal line in the daily time frame.
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) | 38.06 | NEUTRAL | The RSI value for 1MELI.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -89.68 | NEGATIVE | The MACD value suggests 1MELI.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.61 | OVERSOLD | The low Stochastics value suggests 1MELI.MI may be oversold. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for 1MELI.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 25.41 | POSITIVE | The high ADX value value for 1MELI.MI suggests a strong trend. |
BIT:1MELI (12/29/2025, 7:00:00 PM)
1712.2
+81 (+4.97%)
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 38.0582. 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 -89.6818, indicating a bearish trend.
Can you provide the support and resistance levels for MERCADOLIBRE INC?
MERCADOLIBRE INC (1MELI.MI) has a resistance level at 1752.24. Check the full technical report for our detailed analysis of 1MELI.MI support and resistance levels.