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Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for MELI
The long-term trend has been DOWN since Mar 15th, 2024 at 1497.9000
The intermediate-term trend has been UP since Jul 8th, 2024 at 1689.9969
The short-term trend has been DOWN since Jul 25th, 2024 at 1635.5100
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1629.34 | 1668.03 | 1629.34 | 1653.22 | +28.07 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1625.15 | 149477 | 2024-07-26 15:59:58 |
| Year High | 417.91 | Year High Date | 2018-03-13 |
| Year Low | 281 | Year Low Date | 2018-05-29 |
| 52wk High | 1825 | 52wk High Date | 2024-02-22 |
| 52wk Low | 1141.04 | 52wk Low Date | 2023-10-23 |
| Year End Close | 78.55 | Average Volume | 280,725 |
| Shares Outstanding | 50,697 | Short Interest | 7,881,007 |
| % Institutional | 98.5 | Market Cap | 27,881M |
| Assets | 190,620,000M | Liabilities | 156,720,000M |
| P/E Ratio | 73.2049 | Beta | 1.47 |
| Volatility | 59.81 |