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Stock Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

MercadoLibre, Inc. (NASDAQ:MELI)

Strong Downtrend (-100) - MELI is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MELI continues to fall. 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.

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NASDAQ_MELI
Open High Low MELI Price Change
1743.2000 1749.9800 1727.8400 1730.4947 -12.7953
Entry Signal

MarketClub’s Trade Triangles for MELI

long term down The long-term trend has been DOWN since Dec 18th, 2024 at 1749.91

intermediate term down The intermediate-term trend has been DOWN since Dec 9th, 2024 at 1858.32

short term down The short-term trend has been DOWN since Dec 9th, 2024 at 1921.63

Smart Scan Analysis for MELI

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

-100
Smart Scan Analysis for MELI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1743.2000 1749.9800 1727.8400 1730.4947 -12.7953
Prev. Close Volume Bid Ask Time
1743.2900 74486 2024-12-26 14:18:55
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 Volume439,462
Shares Outstanding50,697Short Interest7,881,007
% Institutional98.5Market Cap27,881M
Assets226,230,000MLiabilities186,210,000M
P/E Ratio61.8407Beta1.47
Volatility59.81
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