Free Daily Analysis
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MELI
The long-term trend has been DOWN since Mar 4th, 2021 at 1483.340
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 1810.005
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).
| 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 High | 417.91 | Year High Date | 2018-03-13 |
| Year Low | 281 | Year Low Date | 2018-05-29 |
| 52wk High | 2020 | 52wk High Date | 2021-01-21 |
| 52wk Low | 422.22 | 52wk Low Date | 2020-03-18 |
| Year End Close | 78.55 | Average Volume | 596,714 |
| Shares Outstanding | 49,870 | Short Interest | 7,881,007 |
| % Institutional | 98.5 | Market Cap | 27,881M |
| Assets | 573,771,900M | Liabilities | 394,219,300M |
| Beta | 1.47 | Volatility | 59.81 |