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Stock Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

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.

NASDAQ_MELI
Open High Low MELI Price Change
536.25 548.00 527.08 544.01 +18.34
Entry Signal

MarketClub’s Trade Triangles for MELI

long term down The long-term trend has been DOWN since Mar 9th, 2020 at 555.88

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2020 at 525.53

short term up The short-term trend has been UP since Apr 6th, 2020 at 472.20

Smart Scan Analysis for MELI

Based on our trend formula, MELI is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MELI
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
536.25 548.00 527.08 544.01 +18.34
Prev. Close Volume Bid Ask Time
473.29 359480 2020-04-08 15:59:48
Year High417.91Year High Date2018-03-13
Year Low281Year Low Date2018-05-29
52wk High756.4852wk High Date2020-02-20
52wk Low422.2252wk Low Date2020-03-18
Year End Close78.55Average Volume833,203
Shares Outstanding49,710Short Interest7,881,007
% Institutional98.5Market Cap27,881M
Assets478,169,100MLiabilities269,972,800M
P/E Ratio3018.4Beta1.47
Volatility59.81
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