tiprankstipranks
Mercadolibre (MELI)
NASDAQ:MELI

Mercadolibre (MELI) Technical Analysis

6,902 Followers

Technical Sentiment

Overall Consensus
Buy
11Bullish
6Neutral
5Bearish
Technical Analysis Consensus
Neutral
2Bullish
6Neutral
2Bearish
Moving Average Consensus
Buy
9Bullish
0Neutral
3Bearish
Mercadolibre’s (MELI) Moving Averages Convergence Divergence (MACD) indicator is -33.26, suggesting Mercadolibre is a Sell.
Mercadolibre’s (MELI) 20-Day exponential moving average is 1569.06, while Mercadolibre’s (MELI) share price is $1,571.99, making it a Buy.
Mercadolibre’s (MELI) 50-Day exponential moving average is 1601.37, while Mercadolibre’s (MELI) share price is $1,571.99, making it a Sell.

Mercadolibre (MELI) Pivot Points

Mar 29, 2024, 09:41 AM
Name
S3
S2
S1
Pivot Points
R1
R2
R3
Classic
1,492.58
1,515.32
1,535.51
1,558.25
1,578.44
1,601.18
1,621.37
Fibonacci
1,515.32
1,531.72
1,541.85
1,558.25
1,574.65
1,584.78
1,601.18
Pivot points are a technical analysis tool used by traders to identify potential support and resistance levels in financial markets. Pivot points are calculated based on the previous day's high, low, and close prices, and are used to help traders identify levels at which the price may reverse or continue to trend.

Mercadolibre (MELI) Moving Averages

Mar 29, 2024, 09:41 AM
Period
Simple
Exponential
MA5
1,537.00Buy
1,547.56Buy
MA10
1,538.93Buy
1,545.92Buy
MA20
1,552.49Buy
1,569.06Buy
MA50
1,657.62Sell
1,601.37Sell
MA100
1,586.40Sell
1,562.45Buy
MA200
1,417.93Buy
1,450.08Buy
Mercadolibre’s (MELI) 10-Day exponential moving average is 1545.92, while Mercadolibre’s (MELI) share price is $1,571.99, making it a Buy.
Mercadolibre’s (MELI) 100-Day exponential moving average is 1562.45, while Mercadolibre’s (MELI) share price is $1,571.99, making it a Buy.
Mercadolibre’s (MELI) stock price is $1,571.99 and Mercadolibre’s (MELI) 50-day simple moving average is 1657.62, creating a Sell signal.
Mercadolibre’s (MELI) stock price is $1,571.99 and Mercadolibre’s (MELI) 100-day simple moving average is 1586.40, creating a Sell signal.
Mercadolibre’s (MELI) stock price is $1,571.99 and Mercadolibre’s (MELI) 200-day simple moving average is 1417.93, creating a Buy signal.

Mercadolibre (MELI) Technical Indicators

Mar 29, 2024, 09:41 AM
Name
Value
Implied Action
RSI (14)
47.92
Neutral
STOCH (9,6)
69.73
Neutral
STOCHRSI (14)
60.75
Neutral
MACD (12,26)
-33.26
Sell
ADX (14)
22.74
Neutral
Williams %R
-11.12
Sell
CCI (14)
17.59
Neutral
ATR (14)
47.21
-
Ultimate Oscillator
49.88
Neutral
ROC
0.76
Buy
Mercadolibre’s (MELI) Relative Strength Index (RSI) is 47.92, creating a Neutral signal.
Mercadolibre’s (MELI) Trend Strength Indicator (ADX) is 22.74, creating a Neutral signal.
Mercadolibre’s (MELI) Commodity Channel Index (CCI) is 17.59, creating a Neutral signal.
Mercadolibre’s (MELI) Price Rate of Change (ROC) is 0.76, creating a Buy signal.

FAQ

Is MELI a Buy, Hold, or Sell?
Based on MELI’s technical indicators, MELI is a Buy.
    What is MELI’s RSI (14)?
    MELI’s RSI (14) is 47.92, which suggests MELI is a Neutral.
      What is MELI’s MACD?
      MELI’s MACD is -33.26, which suggests MELI is a Sell.
        What is MELI’s 5-day moving average?
        MELI’s 5-day moving average is 1537.00, which suggests MELI is a Buy.
          What is MELI’s 20-day moving average?
          MELI 20-day moving average is 1552.49, which suggests MELI is a Buy.
            What is MELI’s 50-day moving average?
            MELI’s 50-day moving average is 1657.62, which suggests MELI is a Sell.
              What is MELI’s 200-day moving average?
              MELI’s 200-day moving average is 1417.93, which suggests MELI is a Buy.
                What is MELI’s Williams % R (14)?
                MELI’s Williams % R (14) is -11.12, which suggests MELI is a Sell.
                  What is MELI’s CCI (14)?
                  MELI’s CCI (14) is 17.59, which suggests MELI is a Neutral.
                    What's Included in PREMIUM?
                    Make informed decisions based on Top Analysts' activity
                    Know what industry insiders are buying
                    Get actionable alerts from top Wall Street Analysts
                    Find out before anyone else which stock is going to shoot up
                    Get powerful stock screeners & detailed portfolio analysis