Technical analysis from Mercadolibre Inc (MELI, NASDAQ:MELI) on the NASDAQ Stock Exchange (NASDAQ). Download the latest price data & trading signals

Mercadolibre Inc
+ Share

Average Directional Index for Mercadolibre Inc has signalled a weak trend is active
Average Directional Movement /
Average Directional Index for Mercadolibre Inc has signalled a weak trend is active

[Weak Trend]: ADX for MELI has confirmed a weak trend is present. Mercadolibre Inc has an ATR(14) of 14.038, a DX of 17.56 & an ADX(14) of 20.57

Mercadolibre Inc: MACD oscillator (0.2401)
MACD /
Mercadolibre Inc: MACD oscillator (0.2401)

[BULLISH]: Mercadolibre Inc currently has positive MACD of 0.2401. This means the signal line is greater than the MACD line signalling a bullish movement.

Volume /
[Bearish]: Lower volume has formed for MELI by -34.4 during the last trading session

[BEARISH]: Mercadolibre Inc current volume downtrend in the first timeframe. Volume for MELI is 390557 (-34.4).

Range Tod Vs Range Yest /
Contracting price range for MELI signalling sellers are now less eager

[WEAK BULLISH]: Mercadolibre Inc sellers are becoming less eager. This is the first day sellers have decreased eagerness for MELI reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $35.7400 & the greatest daily price range this year has been $136.9100. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.3x.

Close Tod Vs Range Tod /
Daily trading for MELI indicated buyers are now in control

[BULLISH]: Mercadolibre Inc buyers are in control at the market close. This is the first day of buyer commitment for Mercadolibre Inc adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 85 trading days with the closing price in the upper part of the range giving a confirmation ratio of 32.3%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 21 days in the upper price range compared to 29 days in the lower range giving a ratio of 0.7x.

Detrended Price Oscillator /
Price is currently below the displaced moving average for MELI [Bearish]

[BEARISH]: Mercadolibre Inc currently has a confirmed downtrend. Price is currently below the displaced moving average for MELI. Currently, the return on DPO20 is 2.2%.

Top companies for
NASDAQ Stock Exchange
Advertisment
Short Trend /
[Downtrend]: A lower low has been achieved again for last trading day for MELI

[BEARISH]: Mercadolibre Inc is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Ease of Movement /
Price was easily moved downward in recent trading on low volume causing an downtrend in price for MELI

MELI: EOM Current Signal -> (1) 22 Jun: BEARISH EASY (2) 21 Jun: BEARISH EASY (3) 20 Jun: BULLISH EASY

Advertisment
[Downtrend]: Aroon oscillator @-4 has confirmed a downtrend for MELI
Aroon Oscillator /
[Downtrend]: Aroon oscillator @-4 has confirmed a downtrend for MELI

[BEARISH]: Mercadolibre Inc has a current ARO(25) of -4. This has change 0 points from yesterday.

Triangular Moving Average(5) signal continues for Mercadolibre Inc indicating downward price movement is likely
Triangular Moving Average /
Triangular Moving Average(5) signal continues for Mercadolibre Inc indicating downward price movement is likely

[BEARISH]: Mercadolibre Inc currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 2.2%.

Elder Ray Index /
Bear power has increased for Mercadolibre Inc signalling bearish conditions are likely

[BEARISH]: Mercadolibre Inc Elder Ray Index is signalling a Bearish movementERI is -11.454 indicating bear power. Prices are being driven below the consensus of value for MELI during the last trading session [Selling Pressure]

Moving Average Envelope /
Envelope bands Oversold signal is still current for Mercadolibre Inc [Bullish]

[BULLISH]: Mercadolibre Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 286.482.

Medium Trend /
Second timeframe trend of Mercadolibre Inc remains as an Downtrend

[BEARISH]: Mercadolibre Inc is in an downtrend in the medium term timeframe. & the highest rally count for the LTM is 32. The highest rally for the month is 15

Mercadolibre Inc currently has negative momentum of -10.26
Momentum /
Mercadolibre Inc currently has negative momentum of -10.26

[BEARISH]: Mercadolibre Inc currently has negative momentum of -10.26 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 2.2%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -10.9%.

Simple Moving Average(5) signal is confirmed for Mercadolibre Inc indicating upward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Mercadolibre Inc indicating upward price movement is likely

[BULLISH]: Mercadolibre Inc currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 2.2%.

Demarks Pivot Points /
Limit order for a long position has been identified for Mercadolibre Inc [Bullish]

Mercadolibre Inc has broken the first DeMark resistance point ($292.1475) [Bullish]. Look for a long limit order entry near this point. Exit price for MELI should be set @$299.265 & Stoploss for Mercadolibre Inc should be set at $289.295

Low Price /
Weaker price performance from MELI has seen a lower low of -0.6 % [Downtrend]

[BULLISH]: Mercadolibre Inc current downtrend in the first timeframe. Currently, the Low is $285.03 (-0.6 %).

Ulcer Index /
Mercadolibre Inc: Ulcer Index 6.575 [High Stress]

MELI: UIX Current Signal -> (1) 22 Jun: High stress (2) 21 Jun: High stress (3) 20 Jun: High stress

William %R for MELI has crossed above the oversold limit triggering a neutral signal
Williams %R /
William %R for MELI has crossed above the oversold limit triggering a neutral signal

MELI: William %R Current Signal -> (1) 22 Jun: BEARISH CROSSUNDER (2) 21 Jun: BULLISH CROSSOVER (3) 20 Jun: NEUTRAL

Stochastic oversold signal had been cancelled for Mercadolibre Inc
Stochastic Oscillator /
Stochastic oversold signal had been cancelled for Mercadolibre Inc

MELI: Stochastic Oscillator Signal -> (1) 22 Jun: BULLISH CROSSUNDER (2) 21 Jun: BEARISH CROSSOVER (3) 20 Jun: NEUTRAL

[Bearish]: Mercadolibre Inc has failed beat previous trading range
Price Range /
[Bearish]: Mercadolibre Inc has failed beat previous trading range

MELI: Price Range Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BULLISH (3) 20 Jun: BEARISH

Weighted Moving Average /
[Uptrend]: Recent trading for MELI confirms bullish WMA(5) signal

MELI: WMA Recent Trading -> (1) 22 Jun: 292.7880 (2) 21 Jun: 293.4350 (3) 20 Jun: 297.3210

White Candle /
MELI Basic Candle: White

MELI: Basic Candlestick Recent Trading -> (1) 22 Jun: White Candle (2) 21 Jun: Black Candle (3) 20 Jun: Black Candle

Daily Volume Index /
Recent trading signals Mercadolibre Inc is being accumulated

[BULLISH]: Mercadolibre Inc current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 577.

Bull Harami /
Mercadolibre Inc: Bull Harami

[BEARISH]: Mercadolibre Inc has formed a new Two Crows reversal pattern.

[Downtrend]: Average True Range @14.038 has confirmed an downtrend for MELI
Average True Range /
[Downtrend]: Average True Range @14.038 has confirmed an downtrend for MELI

[Bearish]: Average True Range has confirmed an downtrend is present. Mercadolibre Inc has a TR of 9.97, and an ATR(14) of 14.038.

Recent trading for Mercadolibre Inc has surpassed the previous close by 2.2 %
Closing Price /
Recent trading for Mercadolibre Inc has surpassed the previous close by 2.2 %

[BULLISH]: Mercadolibre Inc current uptrend in the first timeframe. Currently, the Close is $293.56.

Fibonacci Extensions /
Mercadolibre Inc has moved above the 161.8% extension level ($120.43) [Bearish]

Mercadolibre Inc: The current Fibonacci Extension levels are: (23.61%) $0: (38.2%) $0: (50%) $0: (61.8%) $0The current support levels are: (78.6%) $0: (100%) $0: (138.2%) $0: (161.8%) $0: (261.8%) $0: (423.61%) $0

See More   See more results
Advertisment
Advertisment
back to top