2073.57 USD
-76.33 (-3.55%)
2075.25 USD
+1.68 (+0.08%)
Taking everything into account, MELI scores 3 out of 10 in our technical rating. MELI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 61% of all stocks.
MELI is an average performer in the Broadline Retail industry, it outperforms 65% 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.
In the last month MELI has a been trading in the 1901.83 - 2239.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of MELI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1,880.75
2,404.74
2 important support areas can be observed.
- A support zone ranging from 1991.21 to 2072.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 2164.23 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 2380.93. 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 | 61.55 | 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) | 49.73 | NEUTRAL | The RSI value for MELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 14.37 | POSITIVE | The MACD value suggests MELI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.49 | NEUTRAL | The Stochastics value for MELI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MELI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.41 | 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)
2073.57
-76.33 (-3.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-3.55%
1 Week-5.19%
2 Weeks2.91%
1 Month2.86%
3 Month2.4%
6 Month-14.09%
12 Month12.94%
2 Year21.13%
3 Year75.48%
5 Year16.52%
10 Year2010.72%
15 Year2959.27%
Volatility
ATR(14)63.58
ATR(20)%3.03%
ATR Inc49.1%
Range Today99.24
ADR(20)58.61
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.55
3 months CRS55.3
6 months CRS18.33
Mansfield-1.65
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 End2072.57
CR1 Start2164.23
Volume & EV
DER(3)0.09%
DER(5)-0.92%
Volume690.10K
Volume Incr-17.01%
Vol(5)426.38K
Vol(50)533.99K
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 49.728. 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.