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Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
MercadoLibre, Inc. (NASDAQ:MELI)
Crossroads (-60) - MELI is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Aug 5th, 2024 at 1792.050
The intermediate-term trend has been DOWN since Nov 7th, 2024 at 1962.380
The short-term trend has been DOWN since Nov 14th, 2024 at 1882.295
Smart Scan Analysis for MELI
Based on our trend formula, MELI is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1892.060 | 1920.400 | 1880.000 | 1916.325 | +0.205 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1916.510 | 263097 | 2024-11-19 15:59:34 |
| Year High | 417.91 | Year High Date | 2018-03-13 |
| Year Low | 281 | Year Low Date | 2018-05-29 |
| 52wk High | 2161.73 | 52wk High Date | 2024-09-26 |
| 52wk Low | 1324.99 | 52wk Low Date | 2024-04-22 |
| Year End Close | 78.55 | Average Volume | 559,059 |
| Shares Outstanding | 50,697 | Short Interest | 7,881,007 |
| % Institutional | 98.5 | Market Cap | 27,881M |
| Assets | 226,230,000M | Liabilities | 186,210,000M |
| P/E Ratio | 67.9716 | Beta | 1.47 |
| Volatility | 59.81 |