2052.78 USD
-47.12 (-2.24%)
At close: Feb 4, 2026
2062 USD
+9.22 (+0.45%)
After Hours: 2/4/2026, 8:00:01 PM
Taking everything into account, MELI scores 3 out of 10 in our technical rating. 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.
- 63% of all other stocks performed better in the past year than MELI.
- In the last month MELI has a been trading in the 1985.34 - 2342.00 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- MELI is an average performer in the Broadline Retail industry, it outperforms 62% of 30 stocks in the same industry.
- 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.
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
1,880.74
2,392.51
3 important support areas can be observed.
- Support @2008.38 from a trend line in the weekly time frame.
- Support @1951.78 from a horizontal line in the weekly time frame.
- A support zone ranging from 1899.74 to 1899.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2075.46 to 2178.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2279.76 to 2301.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2355.27 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 | NEUTRAL | NEUTRAL | The long term trend for MELI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MELI is neutral. |
| ChartMill Relative Strength | 37.74 | NEUTRAL | MELI is not amongst the best or worst performers 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) | UP | MIXED | The current price of MELI is below the rising 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) | 43.49 | NEUTRAL | The RSI value for MELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -11.08 | NEGATIVE | The MACD value suggests MELI has a negative trend. |
| Stochastics (14,3) | 26.56 | NEUTRAL | The Stochastics value for MELI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for MELI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.19 | NEGATIVE | The low ADX value for MELI suggests a weak or negative 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)
2052.78
-47.12 (-2.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-2.24%
1 Week-9.51%
2 Weeks-0.24%
1 Month-6.14%
3 Month-2.65%
6 Month-12.78%
12 Month2.81%
2 Year28.68%
3 Year68.26%
5 Year25.31%
10 Year1917.28%
15 Year3020.67%
Volatility
ATR(14)83.4
ATR(20)%3.75%
ATR Inc26.51%
Range Today104.92
ADR(20)72.17
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.74
3 months CRS29.91
6 months CRS19.87
Mansfield-1.63
10 Day High2342
10 Day Low1985.34
20 Day High2342
20 Day Low1985.34
52 Week High2645.22
52 Week Low1723.9
CS1 End2008.38
CR1 Start2075.46
Volume & EV
DER(3)2.12%
DER(5)-0.1%
Volume766.80K
Volume Incr-3.94%
Vol(5)517.64K
Vol(50)527.41K
MERCADOLIBRE INC / MELI FAQ
What is the technical rating for MELI stock?
ChartMill assigns a technical rating of 3 / 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 43.4888. 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 neutral.