MERCADOLIBRE INC (MELI) Technical Analysis
NASDAQ:MELI • US58733R1023
Current stock price
1715.52 USD
-3.45 (-0.2%)
At close:
1719 USD
+3.48 (+0.2%)
After Hours:
MELI Technical Rating and Analysis
Overall MELI gets a technical rating of 0 out of 10. MELI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MELI is a bad performer in the overall market: 80% of all stocks are doing better.
- MELI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MELI is lagging the market.
- MELI is an average performer in the Broadline Retail industry, it outperforms 41% of 30 stocks in the same industry.
- In the last month MELI has a been trading in the 1593.21 - 1794.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MELI Weekly and Daily overview Charts
MELI Setup Rating and Analysis
MELI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
MELI Support and Resistance Analysis
1,583.51
2,384.37
We found 1 important support area.
- A support zone ranging from 1599.51 to 1599.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 1715.53 to 1729.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1992.41 from a trend line in the weekly time frame.
- Resistance @2178.12 from a trend line in the daily time frame.
- A resistance zone ranging from 2351.14 to 2360.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
MELI Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for MELI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MELI is down. |
| ChartMill Relative Strength | 20.24 | NEGATIVE | MELI has a low relative strength, it was outperformed by 79.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MELI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MELI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MELI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.76 | NEUTRAL | The RSI value for MELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 18.28 | POSITIVE | The MACD value suggests MELI has a positive trend. |
| Stochastics (14,3) | 80.45 | OVERBOUGHT | The high Stochastics value suggests MELI may be overbought. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for MELI suggests some volalility. |
| Average Directional Index/ADX (14) | 31.64 | POSITIVE | The high ADX value value for MELI suggests a strong trend. |
MELI Chart- and CandleStick Pattern Analysis
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)
MELI Technicals: Chart, Performance Metrics, Trend & Indicators
1715.52
-3.45 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-0.2%
1 Week5.18%
2 Weeks2.91%
1 Month-3.64%
3 Month-13.08%
6 Month-21.04%
12 Month-6.83%
2 Year17.61%
3 Year34.29%
5 Year9.2%
10 Year1273.62%
15 Year1776.94%
Volatility
ATR(14)54.37
ATR(20)%3.37%
ATR Inc-14.73%
Range Today53.91
ADR(20)51.86
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.24
3 months CRS23.72
6 months CRS22.84
Mansfield-2.35
10 Day High1741.64
10 Day Low1593.21
20 Day High1794.17
20 Day Low1593.21
52 Week High2645.22
52 Week Low1593.21
CS1 End1599.51
CR1 Start1715.53
Volume & EV
DER(3)1.76%
DER(5)2.57%
Volume290.50K
Volume Incr-4.42%
Vol(5)533.32K
Vol(50)598.17K
MERCADOLIBRE INC / MELI TA FAQ
What is the technical rating for MELI stock?
ChartMill assigns a technical rating of 0 / 10 to MELI.
What is the trend direction for MELI stock?
The current trend direction for MERCADOLIBRE INC (MELI) is Bearish.
What is the RSI signal for MERCADOLIBRE INC (MELI) stock?
MERCADOLIBRE INC (MELI) has an RSI value of 47.7585. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MERCADOLIBRE INC?
The MACD indicator for MERCADOLIBRE INC (MELI) has a value of 18.2798, indicating a bullish trend.
Can you provide the short term momentum for MERCADOLIBRE INC?
The short term momentum for MERCADOLIBRE INC (MELI) is negative.