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Stock Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

MercadoLibre, Inc. (NASDAQ:MELI)

Strong Uptrend (+100) - MELI is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MELI continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

Open High Low MELI Price Change
1240.00 1269.18 1228.00 1266.72 +41.84
Entry Signal

MarketClub’s Trade Triangles for MELI

long term up The long-term trend has been UP since Aug 4th, 2022 at 1034.76

intermediate term up The intermediate-term trend has been UP since Jan 9th, 2023 at 908.99

short term up The short-term trend has been UP since Mar 29th, 2023 at 1215.90

Smart Scan Analysis for MELI

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

Smart Scan Analysis for MELI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1240.00 1269.18 1228.00 1266.72 +41.84
Prev. Close Volume Bid Ask Time
1224.88 430112 2023-03-30 15:59:40
Year High417.91Year High Date2018-03-13
Year Low281Year Low Date2018-05-29
52wk High1275.819752wk High Date2022-04-04
52wk Low600.68552wk Low Date2022-06-14
Year End Close78.55Average Volume457,083
Shares Outstanding50,258Short Interest7,881,007
% Institutional98.5Market Cap27,881M
P/E Ratio128.5289Beta1.47
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