Technical Analysis for MELI - MercadoLibre, Inc.

Grade Last Price % Change Price Change
D 1509.05 0.64% 9.54
MELI closed up 0.64 percent on Monday, March 18, 2024, on 73 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Jack-in-the-Box Bearish Bearish Swing Setup 0.00%
Stochastic Reached Oversold Weakness 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Expansion Breakdown Bearish Swing Setup 0.64%
Oversold Stochastic Weakness -3.34%
NR7 Range Contraction -2.68%
Oversold Stochastic Weakness -2.68%
Oversold Stochastic Weakness -2.36%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 17 hours ago
Gap Up Partially Closed about 22 hours ago
Gapped Up (Partial) about 22 hours ago
Up 2% about 22 hours ago
Up 1% about 22 hours 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 IBD 50 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 1825.0
52 Week Low 1063.02
Average Volume 410,678
200-Day Moving Average 1412.41
50-Day Moving Average 1659.82
20-Day Moving Average 1589.95
10-Day Moving Average 1530.87
Average True Range 48.54
RSI (14) 36.71
ADX 24.28
+DI 16.63
-DI 28.90
Chandelier Exit (Long, 3 ATRs) 1679.37
Chandelier Exit (Short, 3 ATRs) 1642.04
Upper Bollinger Bands 1756.52
Lower Bollinger Band 1423.38
Percent B (%b) 0.26
BandWidth 20.95
MACD Line -45.15
MACD Signal Line -40.28
MACD Histogram -4.8621
Fundamentals Value
Market Cap 76.3 Billion
Num Shares 50.6 Million
EPS 19.67
Price-to-Earnings (P/E) Ratio 76.72
Price-to-Sales 6.69
Price-to-Book 32.10
PEG Ratio 0.85
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1552.27
Resistance 3 (R3) 1554.32 1541.96 1545.07
Resistance 2 (R2) 1541.96 1530.96 1540.94 1542.67
Resistance 1 (R1) 1525.51 1524.16 1519.33 1523.46 1540.27
Pivot Point 1513.15 1513.15 1510.06 1512.12 1513.15
Support 1 (S1) 1496.69 1502.14 1490.51 1494.64 1477.83
Support 2 (S2) 1484.33 1495.34 1483.31 1475.43
Support 3 (S3) 1467.88 1484.33 1473.03
Support 4 (S4) 1465.83