Overall MELI gets a technical rating of 0 out of 10. 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.
MELI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1916.27, a Stop Loss order could be placed below this zone.
More info and screens
1,880.74
When analyzing the support we notice one important area.
- A support zone ranging from 1899.74 to 1916.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2019.20 to 2071.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2105.97 to 2170.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2368.82 from a horizontal line 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 | 28.87 | NEGATIVE | MELI has a low relative strength, it was outperformed by 71.13% 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) | 36.15 | NEUTRAL | The RSI value for MELI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -10.05 | NEGATIVE | The MACD value suggests MELI has a negative trend. |
| Stochastics (14,3) | 7.29 | OVERSOLD | The low Stochastics value suggests MELI may be oversold. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for MELI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.51 | NEUTRAL | The ADX value for MELI suggests a possible start of a new trend. |
NASDAQ:MELI (12/18/2025, 2:49:04 PM)
1970.84
+54.56 (+2.85%)
MERCADOLIBRE INC / MELI FAQ
What is the technical rating for MELI stock?
ChartMill assigns a technical rating of 0 / 10 to MELI.
Can you provide the trend direction for MERCADOLIBRE INC?
The current trend direction for MERCADOLIBRE INC (MELI) is Bearish.
What is the RSI signal for MELI stock?
MERCADOLIBRE INC (MELI) has an RSI value of 36.1547. This indicates that the stock is currently neutral.
What is the MACD signal for MELI stock?
The MACD indicator for MERCADOLIBRE INC (MELI) has a value of -10.0459, indicating a bearish trend.
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.