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Stock Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

MercadoLibre, Inc (NASDAQ:MELI)

Long-Term Downtrend (-90) - MELI is in a strong downtrend that is likely to continue. While MELI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
1475.01 1493.00 1348.91 1470.04 +11.40
Entry Signal

MarketClub’s Trade Triangles for MELI

long term down The long-term trend has been DOWN since Mar 4th, 2021 at 1483.340

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 1810.005

short term down The short-term trend has been DOWN since Feb 17th, 2021 at 1880.000

Smart Scan Analysis for MELI

Based on our trend formula, MELI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MELI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1475.01 1493.00 1348.91 1470.04 +11.40
Prev. Close Volume Bid Ask Time
1470.24 1130382 2021-03-05 15:59:15
Year High417.91Year High Date2018-03-13
Year Low281Year Low Date2018-05-29
52wk High202052wk High Date2021-01-21
52wk Low422.2252wk Low Date2020-03-18
Year End Close78.55Average Volume596,714
Shares Outstanding49,870Short Interest7,881,007
% Institutional98.5Market Cap27,881M
Assets573,771,900MLiabilities394,219,300M
Beta1.47Volatility59.81
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