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Stock Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
MercadoLibre, Inc (NASDAQ:MELI)
Countertrend Up (+85) - MELI is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 May 6th, 2020 at 756.48
The intermediate-term trend has been UP since Apr 7th, 2020 at 525.53
The short-term trend has been DOWN since May 27th, 2020 at 802.06
Smart Scan Analysis for MELI
Based on our trend formula, MELI is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 835.0000 | 855.0000 | 830.9450 | 851.8827 | +24.7227 |
| Prev. Close | Volume | Bid | Ask | Time |
| 473.2900 | 481707 | 2020-05-29 15:59:44 |
| Year High | 417.91 | Year High Date | 2018-03-13 |
| Year Low | 281 | Year Low Date | 2018-05-29 |
| 52wk High | 756.48 | 52wk High Date | 2020-02-20 |
| 52wk Low | 422.22 | 52wk Low Date | 2020-03-18 |
| Year End Close | 78.55 | Average Volume | 833,203 |
| Shares Outstanding | 49,710 | Short Interest | 7,881,007 |
| % Institutional | 98.5 | Market Cap | 27,881M |
| Assets | 478,169,100M | Liabilities | 269,972,800M |
| P/E Ratio | 3018.4 | Beta | 1.47 |
| Volatility | 59.81 |