MERCADOLIBRE INC (MELI) Stock Technical Analysis
NASDAQ:MELI - US58733R1023 - Common Stock
2409.07 USD
+3.54 (+0.15%)
Taking everything into account, MELI scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MELI is only an average performer.
MELI is part of the Broadline Retail industry. There are 28 other stocks in this industry, of which 70% are performing better than MELI.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
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.
When compared to the yearly performance of all other stocks, MELI outperforms 51% of them, which is more or less in line with the market.
In the last month MELI has a been trading in the 2284.99 - 2480.00 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 only medium, MELI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2391.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1,885.60
2,639.77
6 important support areas can be observed.
- A support zone ranging from 2353.70 to 2391.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2292.04 from a horizontal line in the daily time frame.
- Support @2229.00 from a horizontal line in the daily time frame.
- Support @2044.93 from a trend line in the weekly time frame.
- Support @1968.16 from a trend line in the daily time frame.
- Support @1904.65 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2409.54 to 2413.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2584.92 to 2613.63. 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 MELI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MELI is neutral. |
| ChartMill Relative Strength | 51.81 | NEUTRAL | MELI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MELI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MELI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MELI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.72 | NEUTRAL | The RSI value for MELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 10.94 | POSITIVE | The MACD value suggests MELI has a positive trend. |
| Stochastics (14,3) | 70.35 | NEUTRAL | The Stochastics value for MELI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MELI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.37 | NEUTRAL | The ADX value for MELI suggests a possible start of a new trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2,413.58 | 2,353.69 | 59.89 (2.48%) | 25.00% |
| An entry @2413.58. This is a Buy Stop order right above the resistance zone. | An exit @2353.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 59.89 points, which is 2.48%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
- The distance between exit and entry is rather small compared to the average daily movement of MELI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:MELI (8/27/2025, 2:48:26 PM)
2409.07
+3.54 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.15%
1 Week2.67%
2 Weeks2.33%
1 Month0.87%
3 Month-6.15%
6 Month13.37%
12 Month16.68%
2 Year75.28%
3 Year181.23%
5 Year105.85%
10 Year2085.85%
15 Year3548.06%
Volatility
ATR(14)64.44
ATR(20)%2.93%
ATR Inc-33.64%
Range Today44.93
ADR(20)68.78
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.81
Mansfield0.27
10 Day High2461.94
10 Day Low2313.1
20 Day High2480
20 Day Low2284.99
52 Week High2645.22
52 Week Low1646
CS1 End2391.42
CR1 Start2409.54
Volume & EV
DER(3)0.27%
DER(5)-0.29%
Volume127.60K
Volume Incr-16.19%
Vol(5)306.98K
Vol(50)333.65K