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Stock Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
MercadoLibre, Inc. (NASDAQ:MELI)
Countertrend Down (-85) - MELI is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid MELI?
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MarketClub’s Trade Triangles for MELI
The long-term trend has been DOWN since Mar 15th, 2024 at 1497.90
The intermediate-term trend has been DOWN since Feb 23rd, 2024 at 1669.01
The short-term trend has been UP since Apr 23rd, 2024 at 1398.89
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 |
|---|---|---|---|---|
| 1390.00 | 1408.18 | 1367.28 | 1395.00 | +26.77 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1395.00 | 361208 | 2024-04-23 15:59:57 |
| Year High | 417.91 | Year High Date | 2018-03-13 |
| Year Low | 281 | Year Low Date | 2018-05-29 |
| 52wk High | 1825 | 52wk High Date | 2024-02-22 |
| 52wk Low | 1063.02 | 52wk Low Date | 2023-07-10 |
| Year End Close | 78.55 | Average Volume | 323,487 |
| Shares Outstanding | 50,697 | Short Interest | 7,881,007 |
| % Institutional | 98.5 | Market Cap | 27,881M |
| Assets | 176,460,000M | Liabilities | 145,750,000M |
| P/E Ratio | 70.3099 | Beta | 1.47 |
| Volatility | 59.81 |