Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Saturday, December 7, 2024.

MercadoLibre, Inc. (NASDAQ:MELI)

Bull Market Weakness (+75) - MELI is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MELI as it may be in the beginning stages 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
1977.970 1994.750 1943.470 1945.615 -39.335
Entry Signal

MarketClub’s Trade Triangles for MELI

long term up The long-term trend has been UP since Aug 5th, 2024 at 1792.050

intermediate term up The intermediate-term trend has been UP since Nov 26th, 2024 at 2122.155

short term up The short-term trend has been UP since Dec 5th, 2024 at 2000.000

Smart Scan Analysis for MELI

Based on our trend formula, MELI is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MELI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1977.970 1994.750 1943.470 1945.615 -39.335
Prev. Close Volume Bid Ask Time
1947.180 234178 2024-12-06 15:59:45
Year High417.91Year High Date2018-03-13
Year Low281Year Low Date2018-05-29
52wk High2161.7352wk High Date2024-09-26
52wk Low1324.9952wk Low Date2024-04-22
Year End Close78.55Average Volume621,988
Shares Outstanding50,697Short Interest7,881,007
% Institutional98.5Market Cap27,881M
Assets226,230,000MLiabilities186,210,000M
P/E Ratio70.4133Beta1.47
Volatility59.81
Get a free daily analysis and signals for MercadoLibre, Inc. (MELI) - Request Your Free Report.