MERCADOLIBRE INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MELI
ISIN:

MERCADOLIBRE INC. - 1H - Technical analysis published on 10/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

39%

My opinion

Bullish above 2,061.66 USD

My targets

2,134.23 USD (+2.12%)

2,157.64 USD (+3.24%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on MERCADOLIBRE INC.. This is a positive signal for buyers. As long as the price remains above 2,061.66 USD, a purchase could be considered. The first bullish objective is located at 2,134.23 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,157.64 USD as an objective. In the event of a return below 2,061.66 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

MERCADOLIBRE INC. rating 2,090.00 USD. The price is lower by -0.06% since the last closing and was traded between 2,077.07 USD and 2,105.04 USD over the period. The price is currently at +0.62% from its lowest and -0.71% from its highest.

2,077.07

2,105.04

2,090.00

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MERCADOLIBRE INC.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of MERCADOLIBRE INC. indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,984.34	2,044.77	2,061.66	2,090.00	2,093.65	2,134.23	2,157.64
Change (%)	-5.06%	-2.16%	-1.36%	-	+0.17%	+2.12%	+3.24%
Change	-105.66	-45.23	-28.34	-	+3.65	+44.23	+67.64
Level	Major	Minor	Intermediate	-	Minor	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,989.64	2,016.32	2,053.74	2,080.42	2,117.84	2,144.52	2,181.94
Camarilla	2,073.53	2,079.41	2,085.28	2,091.16	2,097.04	2,102.91	2,108.79
Woodie	1,995.01	2,019.01	2,059.11	2,083.11	2,123.21	2,147.21	2,187.31
Fibonacci	2,016.32	2,040.81	2,055.93	2,080.42	2,104.91	2,120.03	2,144.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,836.32	1,893.67	1,992.41	2,049.76	2,148.50	2,205.85	2,304.59
Camarilla	2,048.24	2,062.54	2,076.85	2,091.16	2,105.47	2,119.78	2,134.09
Woodie	1,857.03	1,904.02	2,013.12	2,060.11	2,169.21	2,216.20	2,325.30
Fibonacci	1,893.67	1,953.29	1,990.13	2,049.76	2,109.38	2,146.22	2,205.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,767.79	1,866.89	1,959.43	2,058.53	2,151.07	2,250.17	2,342.71
Camarilla	1,999.26	2,016.83	2,034.39	2,051.96	2,069.53	2,087.09	2,104.66
Woodie	1,764.50	1,865.25	1,956.14	2,056.89	2,147.78	2,248.53	2,339.42
Fibonacci	1,866.89	1,940.10	1,985.33	2,058.53	2,131.74	2,176.97	2,250.17

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.01
MACD (12,26,9):	17.7300
Directional Movement:	21.49
AROON (14):	35.71
DEMA (21):	2,094.22
Parabolic SAR (0,02-0,02-0,2):	2,072.46
Elder Ray (13):	5.83
Super Trend (3,10):	2,049.15
Zig ZAG (10):	2,090.00
VORTEX (21):	1.1300
Stochastique (14,3,5):	72.31
TEMA (21):	2,097.72
Williams %R (14):	-22.13
Chande Momentum Oscillator (20):	32.24
Repulse (5,40,3):	-0.0700
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	3.56

MA7:	2,029.59
MA20:	2,057.75
MA50:	2,013.12
MA100:	1,832.86
MAexp7:	2,083.95
MAexp20:	2,069.43
MAexp50:	2,044.59
MAexp100:	2,040.80
Price / MA7:	+2.98%
Price / MA20:	+1.57%
Price / MA50:	+3.82%
Price / MA100:	+14.03%
Price / MAexp7:	+0.29%
Price / MAexp20:	+0.99%
Price / MAexp50:	+2.22%
Price / MAexp100:	+2.41%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on MERCADOLIBRE INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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