MERCADOLIBRE INC (MELI) Stock Technical Analysis
NASDAQ:MELI • US58733R1023
1777 USD
+19.42 (+1.1%)
At close: Mar 2, 2026
1777 USD
0 (0%)
After Hours: 3/2/2026, 4:04:50 PM
Overall MELI gets a technical rating of 0 out of 10. MELI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 83% of all other stocks performed better in the past year than MELI.
- MELI is one of the lesser performing stocks in the Broadline Retail industry. 75% of 30 stocks in the same industry do better.
- MELI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MELI has a been trading in the 1654.24 - 2226.68 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of MELI 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
1,759.23
2,392.51
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1977.91 to 2069.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2239.10 from a trend line in the daily time frame.
- Resistance @2278.76 from a trend line in the weekly time frame.
- A resistance zone ranging from 2327.89 to 2368.82. 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 | 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 | 17.76 | NEGATIVE | MELI has a low relative strength, it was outperformed by 82.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MELI is below 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) | 30.41 | NEUTRAL | The RSI value for MELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -29.32 | NEGATIVE | The MACD value suggests MELI has a negative trend. |
| Stochastics (14,3) | 22.01 | NEUTRAL | The Stochastics value for MELI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for MELI suggests high volalility. |
| Average Directional Index/ADX (14) | 27.65 | POSITIVE | The high ADX value value for MELI suggests a strong 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)
1777
+19.42 (+1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg1.1%
1 Week-11.98%
2 Weeks-12.43%
1 Month-20.76%
3 Month-15.17%
6 Month-28.93%
12 Month-17.17%
2 Year10.17%
3 Year44.06%
5 Year7.29%
10 Year1627.18%
15 Year2571.91%
Volatility
ATR(14)89.56
ATR(20)%5.21%
ATR Inc-37.39%
Range Today97.88
ADR(20)83.94
ADR(20)%4.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.76
3 months CRS19.29
6 months CRS14.7
Mansfield-2.73
10 Day High2047.87
10 Day Low1654.24
20 Day High2226.68
20 Day Low1654.24
52 Week High2645.22
52 Week Low1654.24
CS1 EndN/A
CR1 Start1977.91
Volume & EV
DER(3)-2.31%
DER(5)-1.24%
Volume784.87K
Volume Incr135.01%
Vol(5)1.18M
Vol(50)577.40K
MERCADOLIBRE INC / MELI FAQ
What is the technical rating for MELI stock?
ChartMill assigns a technical rating of 0 / 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 30.4126. 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 negative.
What is the buy/sell signal for MELI stock?
The buy/sell signal for MERCADOLIBRE INC (MELI) is sell as both the short term and long term trends are negative.