Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Thursday, June 13, 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.

Open High Low MELI Price Change
1606.4400 1617.1099 1590.5300 1599.5650 +0.2250
Entry Signal

MarketClub’s Trade Triangles for MELI

long term down The long-term trend has been DOWN since Mar 15th, 2024 at 1497.90

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 1655.95

short term up The short-term trend has been UP since Jun 13th, 2024 at 1614.14

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).

Smart Scan Analysis for MELI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1606.4400 1617.1099 1590.5300 1599.5650 +0.2250
Prev. Close Volume Bid Ask Time
1599.3400 54949 2024-06-13 10:09:44
Year High417.91Year High Date2018-03-13
Year Low281Year Low Date2018-05-29
52wk High182552wk High Date2024-02-22
52wk Low1063.0252wk Low Date2023-07-10
Year End Close78.55Average Volume315,582
Shares Outstanding50,697Short Interest7,881,007
% Institutional98.5Market Cap27,881M
P/E Ratio72.0423Beta1.47
Get a free daily analysis and signals for MercadoLibre, Inc. (MELI) - Request Your Free Report.