2178.41 USD
-1.39 (-0.06%)
2180 USD
+1.59 (+0.07%)
We assign a technical rating of 4 out of 10 to MELI. In the past year, MELI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MELI has a been trading in the 1901.83 - 2239.95 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, MELI turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
MELI is part of the Broadline Retail industry. There are 30 other stocks in this industry, MELI did better than 68% of them.
MELI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MELI is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
MELI has an average technical rating and it also does not offer a high 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
1,880.75
2,408.20
4 important support areas can be observed.
- Support @2173.35 from a trend line in the daily time frame.
- A support zone ranging from 2081.24 to 2096.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1986.28 from a trend line in the weekly time frame.
- A support zone ranging from 1899.75 to 1951.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 2178.42 to 2187.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2368.82 to 2384.36. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for MELI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MELI is up. |
| ChartMill Relative Strength | 68.52 | 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) | DOWN | MIXED | The current price of MELI is above 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) | 62.81 | NEUTRAL | The RSI value for MELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 26.4 | POSITIVE | The MACD value suggests MELI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.53 | NEUTRAL | The Stochastics value for MELI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for MELI suggests some volalility. |
| Average Directional Index/ADX (14) | 23.02 | 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)
2178.41
-1.39 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-0.06%
1 Week10.37%
2 Weeks9.02%
1 Month10.54%
3 Month2.1%
6 Month-8.76%
12 Month23.86%
2 Year27.26%
3 Year84.35%
5 Year22.42%
10 Year2117.44%
15 Year3113.94%
Volatility
ATR(14)58.63
ATR(20)%2.76%
ATR Inc-42.29%
Range Today31.06
ADR(20)57.41
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.52
3 months CRS50.81
6 months CRS22.11
Mansfield-1.23
10 Day High2239.95
10 Day Low1968.88
20 Day High2239.95
20 Day Low1901.83
52 Week High2645.22
52 Week Low1723.9
CS1 End2173.35
CR1 Start2178.42
Volume & EV
DER(3)-1.14%
DER(5)0.12%
Volume309.30K
Volume Incr16.21%
Vol(5)559.20K
Vol(50)540.79K
MERCADOLIBRE INC / MELI FAQ
What is the technical rating for MELI stock?
ChartMill assigns a technical rating of 4 / 10 to MELI.
What is the current trend direction of MERCADOLIBRE INC (MELI) stock?
The current trend direction for MERCADOLIBRE INC (MELI) is Bearish.
Can you provide the RSI signal for MERCADOLIBRE INC?
MERCADOLIBRE INC (MELI) has an RSI value of 62.8114. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MERCADOLIBRE INC?
The short term momentum for MERCADOLIBRE INC (MELI) is positive.