Technical Analysis for MELI - MercadoLibre, Inc.

Grade Last Price % Change Price Change
D 1470.24 0.80% 11.60
MELI closed up 0.8 percent on Friday, March 5, 2021, on 2.06 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down
Historical MELI trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Doji - Bullish? Reversal 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Wide Bands Range Expansion 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Expansion Breakdown Bearish Swing Setup 0.80%
Lower Bollinger Band Walk Weakness 0.80%
Wide Bands Range Expansion 0.80%
Older End-of-Day Signals for MELI ...

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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: E-Commerce E Commerce Fintech Motor Vehicles Online Shopping E Commerce Platform Integrated Online Collecting Online Payments Payments Solution Ebay Payments Solutions E Commerce Platforms E Commerce Transactions 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 2020.0
52 Week Low 422.22
Average Volume 562,408
200-Day Moving Average 1313.88
50-Day Moving Average 1778.63
20-Day Moving Average 1773.07
10-Day Moving Average 1634.24
Average True Range 101.66
ADX 29.37
+DI 13.90
-DI 40.99
Chandelier Exit (Long, 3 ATRs ) 1701.74
Chandelier Exit (Short, 3 ATRs ) 1653.88
Upper Bollinger Band 2094.49
Lower Bollinger Band 1451.66
Percent B (%b) 0.03
BandWidth 36.26
MACD Line -81.45
MACD Signal Line -36.58
MACD Histogram -44.8703
Fundamentals Value
Market Cap 73.18 Billion
Num Shares 49.8 Million
EPS 0.19
Price-to-Earnings (P/E) Ratio 7697.59
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) 1686.38
Resistance 3 (R3) 1669.95 1581.47 1650.35
Resistance 2 (R2) 1581.47 1526.43 1589.69 1638.34
Resistance 1 (R1) 1525.86 1492.43 1481.62 1542.29 1626.33
Pivot Point 1437.38 1437.38 1415.27 1445.60 1437.38
Support 1 (S1) 1381.77 1382.34 1337.53 1398.20 1314.15
Support 2 (S2) 1293.29 1348.34 1301.51 1302.14
Support 3 (S3) 1237.68 1293.29 1290.13
Support 4 (S4) 1254.11