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MERCADOLIBRE INC (MLB1.DE) Stock Technical Analysis

FRA:MLB1 - Deutsche Boerse Ag - US58733R1023 - Common Stock - Currency: EUR

2243  +6.5 (+0.29%)

Technical Rating and Analysis

10

Overall MLB1 gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MLB1 is showing a nice and steady performance.

Warning: MLB1 has an average volume of 331 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MLB1 did better than 93% of all other stocks. We also observe that the gains produced by MLB1 over the past year are nicely spread over this period.
MLB1 is part of the Broadline Retail industry. There are 10 other stocks in this industry. MLB1 outperforms 88% of them.
MLB1 is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MLB1 is performing more or less in line with the market.
MLB1 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Weekly and Daily overview Charts
MERCADOLIBRE INC / MLB1 Weekly stock chart
MERCADOLIBRE INC / MLB1 Daily stock chart
Setup Rating and Analysis

7

MLB1 has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 2330.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2242.99, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

1,582.81

2,353.30

4 important support areas can be observed.

  • A support zone ranging from 2213.50 to 2242.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 1773.96 to 1780.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @1708.52 from a trend line in the weekly time frame.
  • Support @1598.80 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 2330.00 to 2330.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for MLB1.DE is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for MLB1.DE is up.
ChartMill Relative Strength93.97POSITIVEMLB1.DE has a high relative strength, it outperformed 93.97% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of MLB1.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of MLB1.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of MLB1.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)59.29NEUTRALThe RSI value for MLB1.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-15NEGATIVEThe MACD value suggests MLB1.DE has a negative trend.
Stochastics (14,3)46.73NEUTRALThe Stochastics value for MLB1.DE is a neutral value.
Average True Range in percent/ATR (20)2.52MEDIUM VOLATILITYThe ATR as a percentage value for MLB1.DE suggests some volalility.
Average Directional Index/ADX (14)32.92POSITIVEThe high ADX value value for MLB1.DE suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
2,265.262,213.4951.77 (2.29%)25.00%
An entry @2265.26. This is a Buy Stop order right above the 10 day moving average.An exit @2213.49. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 51.77 points, which is 2.29%.For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of MLB1. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
MERCADOLIBRE INC / MLB1 Daily stock chart

MERCADOLIBRE INC

FRA:MLB1 (5/30/2025, 7:00:00 PM)

2243

+6.5 (+0.29%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.29%
1 Week-0.51%
2 Weeks-3.73%
1 Month11.37%
3 Month11.04%
6 Month18.7%
12 Month43.47%
2 Year94.23%
3 Year205.75%
5 Year210.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)45.21
ATR(20)%2.52%
ATR Inc-16.88%
Range Today21.5
ADR(20)45.54
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.97
Mansfield1.94
10 Day High2320
10 Day Low2200
20 Day High2337
20 Day Low1951
52 Week High2337
52 Week Low1449
CS1 End2242.99
CR1 Start2330
Volume & EV
DER(3)-3.17%
DER(5)-1.9%
Volume62
Volume Incr-45.18%
Vol(5)247.6
Vol(50)331.94