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Stock Trend Analysis Report

Prepared for you on Saturday, November 27, 2021.

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, SHORTSYMBOL 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.

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
1294.71 1296.63 1244.00 1262.08 -10.92
Entry Signal

MarketClub’s Trade Triangles for MELI

long term down The long-term trend has been DOWN since Oct 11th, 2021 at 1471.23

intermediate term down The intermediate-term trend has been DOWN since Nov 18th, 2021 at 1471.74

short term down The short-term trend has been DOWN since Nov 10th, 2021 at 1605.00

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
1294.71 1296.63 1244.00 1262.08 -10.92
Prev. Close Volume Bid Ask Time
1258.71 432646 2021-11-26 12:59:49
Year High417.91Year High Date2018-03-13
Year Low281Year Low Date2018-05-29
52wk High202052wk High Date2021-01-21
52wk Low1262.3852wk Low Date2021-05-13
Year End Close78.55Average Volume624,104
Shares Outstanding49,459Short Interest7,881,007
% Institutional98.5Market Cap27,881M
Assets680,001,700MLiabilities667,704,100M
P/E Ratio800.6289Beta1.47
Volatility59.81
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