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Stock Trend Analysis Report

Prepared for you on Sunday, January 16, 2022.

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.

NASDAQ_MELI
Open High Low MELI Price Change
1103.9100 1143.3626 1101.9364 1122.6700 -8.3400
Entry Signal

MarketClub’s Trade Triangles for MELI

long term down The long-term trend has been DOWN since Oct 11th, 2021 at 1471.230

intermediate term down The intermediate-term trend has been DOWN since Jan 5th, 2022 at 1125.025

short term up The short-term trend has been UP since Jan 11th, 2022 at 1160.330

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).

-75
Smart Scan Analysis for MELI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1103.9100 1143.3626 1101.9364 1122.6700 -8.3400
Prev. Close Volume Bid Ask Time
1122.7400 447955 2022-01-14 15:59:59
Year High417.91Year High Date2018-03-13
Year Low281Year Low Date2018-05-29
52wk High202052wk High Date2021-01-21
52wk Low1001.0152wk Low Date2022-01-10
Year End Close78.55Average Volume693,369
Shares Outstanding49,459Short Interest7,881,007
% Institutional98.5Market Cap27,881M
Assets680,001,700MLiabilities667,704,100M
P/E Ratio711.327Beta1.47
Volatility59.81
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