Technical Analysis for MELI - MercadoLibre, Inc.

Grade Last Price % Change Price Change
A 1172.39 0.91% 10.59
MELI closed down 4.87 percent on Monday, January 30, 2023, on 1.33 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: Feb 20
*** please verify all earnings dates ***

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Slingshot Bullish Bullish Swing Setup 0.91%
Wide Bands Range Expansion 0.91%
Overbought Stochastic Strength 0.91%
Gapped Down Weakness 0.91%
Wide Bands Range Expansion -4.00%
Overbought Stochastic Strength -4.00%
Up 3 Days in a Row Strength -4.00%
Up 4 Days in a Row Strength -4.00%
Pocket Pivot Bullish Swing Setup -1.36%
Wide Bands Range Expansion -1.36%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible NR7 about 2 hours ago
Fell Below Previous Day's Low about 6 hours ago
Up 1% about 6 hours ago
Down 1 ATR 1 day ago
60 Minute Opening Range Breakdown 1 day ago

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Profile

MercadoLibre, Inc. Description

MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. The company principally offers MercadoLibre marketplace, an automated online e-commerce service, which permits businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. Its MercadoLibre marketplace enables registered users to list and purchase motor vehicles, vessels, aircraft, real estate, and other services through online classified listings; and Internet users to browse through various products and services that are listed on its Website and to register with MercadoLibre to list, bid for, and purchase items and services. The company also provides MercadoPago, an integrated online payments solution to facilitate transactions on and off the MercadoLibre marketplace by providing a mechanism that allows its users to send, receive, and finance payments online. In addition, it offers MercadoClics program that allows businesses to promote their products and services on the Internet. This program enables users and advertisers to place display and text advertisements on its Web pages to promote their brands and offerings. Further, the company provides MercadoShops on-line stores solution, a software-as-a-service, which allows users to set-up, manage, and promote their own online Webstores. As of December 31, 2012, the company operated online commerce platforms directed towards Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Mexico, Panama, Peru, Portugal, Uruguay, and Venezuela; online payments solutions directed towards Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela; and a real estate classified platform that covers various areas in Florida. The company was founded in 1999 and is headquartered in Buenos Aires, Argentina.


Classification

Sector: Consumer Cyclical
Industry: Specialty Retail
Keywords: Nasdaq 100 E Commerce E-Commerce Fintech Motor Vehicles Online Shopping E Commerce Platform Online Payments E Commerce Platforms Integrated Online Payments Solution Online Class

Is MELI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 1275.8197
52 Week Low 600.8
Average Volume 543,663
200-Day Moving Average 875.82
50-Day Moving Average 945.92
20-Day Moving Average 1015.67
10-Day Moving Average 1121.70
Average True Range 46.82
RSI 69.70
ADX 43.53
+DI 41.72
-DI 10.27
Chandelier Exit (Long, 3 ATRs) 1092.82
Chandelier Exit (Short, 3 ATRs) 956.31
Upper Bollinger Bands 1266.53
Lower Bollinger Band 764.81
Percent B (%b) 0.79
BandWidth 49.40
MACD Line 75.81
MACD Signal Line 58.07
MACD Histogram 17.7363
Fundamentals Value
Market Cap 57.83 Billion
Num Shares 49.8 Million
EPS 0.19
Price-to-Earnings (P/E) Ratio 6082.72
Price-to-Sales 23.36
Price-to-Book 44.48
PEG Ratio 2.28
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1232.89
Resistance 3 (R3) 1240.39 1224.19 1221.04
Resistance 2 (R2) 1224.19 1206.09 1220.44 1217.09
Resistance 1 (R1) 1193.00 1194.91 1184.90 1185.50 1213.14
Pivot Point 1176.80 1176.80 1172.76 1173.05 1176.80
Support 1 (S1) 1145.61 1158.70 1137.51 1138.11 1110.46
Support 2 (S2) 1129.41 1147.52 1125.66 1106.51
Support 3 (S3) 1098.22 1129.41 1102.56
Support 4 (S4) 1090.72