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Stock Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

MercadoLibre, Inc. (NASDAQ:MELI)

Bull Market Weakness (+75) - MELI is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MELI as it may be in the beginning stages 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
1577.690 1594.010 1573.000 1579.215 -11.725
Entry Signal

MarketClub’s Trade Triangles for MELI

long term up The long-term trend has been UP since Aug 7th, 2023 at 1365.6399

intermediate term up The intermediate-term trend has been UP since Nov 1st, 2023 at 1277.9900

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 1574.3650

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
1577.690 1594.010 1573.000 1579.215 -11.725
Prev. Close Volume Bid Ask Time
1590.940 261248 2023-12-08 15:59:15
Year High417.91Year High Date2018-03-13
Year Low281Year Low Date2018-05-29
52wk High166052wk High Date2023-12-01
52wk Low815.85552wk Low Date2023-01-03
Year End Close78.55Average Volume410,857
Shares Outstanding50,560Short Interest7,881,007
% Institutional98.5Market Cap27,881M
P/E Ratio81.4613Beta1.47
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