Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Saturday, October 16, 2021.

MercadoLibre, Inc. (NASDAQ:MELI)

Bear Market Rally (-75) - MELI is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MELI as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid MELI?

MarketClub looks at technical strength and momentum to determine if the timing is right for MELI.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_MELI
Open High Low MELI Price Change
1532.64 1572.86 1531.50 1563.74 +39.49
Entry Signal

MarketClub’s Trade Triangles for MELI

long term down The long-term trend has been DOWN since Oct 11th, 2021 at 1471.23

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2021 at 1811.79

short term up The short-term trend has been UP since Oct 14th, 2021 at 1524.19

Smart Scan Analysis for MELI

Based on our trend formula, MELI is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MELI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1532.64 1572.86 1531.50 1563.74 +39.49
Prev. Close Volume Bid Ask Time
1563.09 331728 2021-10-15 15:59:54
Year High417.91Year High Date2018-03-13
Year Low281Year Low Date2018-05-29
52wk High202052wk High Date2021-01-21
52wk Low1192.1452wk Low Date2020-11-02
Year End Close78.55Average Volume368,699
Shares Outstanding49,712Short Interest7,881,007
% Institutional98.5Market Cap27,881M
Assets614,269,400MLiabilities606,166,400M
Beta1.47Volatility59.81
Get a free daily analysis and signals for MercadoLibre, Inc. (MELI) - Request Your Free Report.