RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MELI
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

MercadoLibre stock upgraded to Buy Candidate.
(Updated on Jul 19, 2024)

Buy candidate since Jul 19, 2024 PDF

The MercadoLibre stock price gained 1.65% on the last trading day (Friday, 19th Jul 2024), rising from $1,623.26 to $1,649.99. During the last trading day the stock fluctuated 3.20% from a day low at $1,612.90 to a day high of $1,664.59. The price has been going up and down for this period, and there has been a -0.54% loss for the last 2 weeks. Volume fell on the last day by -96 thousand shares and in total, 174 thousand shares were bought and sold for approximately $286.57 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.49% during the next 3 months and, with a 90% probability hold a price between $1,631.93 and $2,047.18 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

MELI Signals & Forecast

The MercadoLibre stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1,696.80. On a fall, the stock will find some support from the long-term average at approximately $1,642.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -7.70%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for MercadoLibre stock

MercadoLibre finds support from accumulated volume at $1,630.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $51.68 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 3.02%.

Our recommended stop-loss: $1,559.57 (-5.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 62 days ago.)

Trading Expectations (MELI) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect MercadoLibre Inc. to open at $1,642.49, and during the day (based on 14 day Average True Range), to move between $1,601.48 and $1,698.50, which gives a possible trading interval of +/-$48.51 (+/-2.94%) up or down from last closing price. If MercadoLibre Inc. takes out the full calculated possible swing range there will be an estimated 5.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1,653.85 (0.23%) than the support at $1,630.56 (1.18%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is MercadoLibre Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MercadoLibre stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.310 Buy Candidate Upgraded

Predicted Opening Price for MercadoLibre Inc. of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$1,642.49 ( 0.454%) $1,649.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MELI

Fibonacci Support & Resistance Levels

Level Price
R3 1,694.18 2.68%
R2 1,674.43 1.48%
R1 1,662.24 0.742%
Price 1,649.99
S1 1,622.75 -1.65%
S2 1,610.55 -2.39%
S3 1,590.81 -3.59%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1,716.78 4.05%
R2 1,688.69 2.35%
R1 1,653.85 0.234%
Price 1,649.99
S1 1,630.56 -1.18%
S2 1,505.99 -8.73%
S3 1,458.70 -11.59%

MELI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 02, 2017 Dec 28, 2017 Jan 16, 2018 $0.150 0.0441%
2 Aug 05, 2017 Sep 28, 2017 Oct 16, 2017 $0.150 0.0644%
3 Mar 17, 2017 Jun 28, 2017 Jul 17, 2017 $0.150 0.0543%
4 Mar 17, 2017 Mar 29, 2017 Apr 17, 2017 $0.150 0.0680%
5 Nov 03, 2016 Dec 28, 2016 Jan 16, 2017 $0.150 0.0850%

FAQ

What is the symbol for MercadoLibre Stock and on which exchange is it traded?
The symbol for MercadoLibre is MELI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell MercadoLibre Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MercadoLibre stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy MercadoLibre Stock?
MercadoLibre Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MercadoLibre Stock.

What's the current price of MercadoLibre Stock?
As of the end of day on the Jul 19, 2024, the price of an MercadoLibre (MELI) share was $1,649.99.

What is the 52-week high and low for MercadoLibre Stock?
The 52-week high for MercadoLibre Stock is $1,825.00 and the 52-week low is $1,141.04.

What is the market capitalization of MercadoLibre Stock?
As of the Jul 19, 2024, the market capitalization of MercadoLibre is 83.65B.

When is the next earnings date for MercadoLibre?
The upcoming earnings date for MercadoLibre is Aug 07, 2024.
Click to get the best stock tips daily for free!

About MercadoLibre Inc.

MercadoLibre MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and rec... MELI Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT