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MERCADOLIBRE INC.
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 02/21/2025 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 2,204.64 USD
My targets
2,285.29 USD (+0.67%)
My analysis
The bullish trend is currently very strong on MERCADOLIBRE INC.. As long as the price remains above the support at 2,204.64 USD, you could try to benefit from the boom. The first bullish objective is located at 2,285.29 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9

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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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The MERCADOLIBRE INC. price is 2,270.00 USD. The price has increased by +7.56% since the last closing and was traded between 2,239.60 USD and 2,374.54 USD over the period. The price is currently at +1.36% from its lowest and -4.40% from its highest.

2,239.60
2,374.54
2,270.00

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by MERCADOLIBRE INC.:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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


A technical analysis in 1H of this MERCADOLIBRE INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 1,984.34 2,033.92 2,135.54 2,270.00
Change (%) -12.58% -10.40% -5.92% -
Change -285.66 -236.08 -134.46 -
Level Major Intermediate Major -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,971.582,002.802,056.642,087.862,141.702,172.922,226.76
Camarilla2,087.082,094.882,102.672,110.472,118.272,126.062,133.86
Woodie1,982.882,008.462,067.942,093.522,153.002,178.582,238.06
Fibonacci2,002.802,035.302,055.372,087.862,120.362,140.432,172.92


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,901.381,948.702,029.352,076.672,157.322,204.642,285.29
Camarilla2,074.802,086.532,098.262,109.992,121.722,133.452,145.18
Woodie1,918.041,957.032,046.012,085.002,173.982,212.972,301.95
Fibonacci1,948.701,997.592,027.792,076.672,125.562,155.762,204.64


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,491.641,599.481,760.831,868.672,030.022,137.862,299.21
Camarilla1,848.161,872.841,897.511,922.191,946.871,971.541,996.22
Woodie1,518.411,612.861,787.601,882.052,056.792,151.242,325.98
Fibonacci1,599.481,702.311,765.841,868.671,971.502,035.032,137.86

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 64.92
MACD (12,26,9): 9.1100
Directional Movement: 10.33
AROON (14): 35.71
DEMA (21): 2,093.99
Parabolic SAR (0,02-0,02-0,2): 2,041.68
Elder Ray (13): 20.50
Super Trend (3,10): 2,051.14
Zig ZAG (10): 2,119.09
VORTEX (21): 0.9800
Stochastique (14,3,5): 96.27
TEMA (21): 2,092.62
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 44.36
Repulse (5,40,3): 2.2200
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 0.10
MA7: 2,073.29
MA20: 1,979.41
MA50: 1,864.78
MA100: 1,937.55
MAexp7: 2,093.57
MAexp20: 2,082.09
MAexp50: 2,059.76
MAexp100: 2,016.38
Price / MA7: +9.49%
Price / MA20: +14.68%
Price / MA50: +21.73%
Price / MA100: +17.16%
Price / MAexp7: +8.43%
Price / MAexp20: +9.03%
Price / MAexp50: +10.21%
Price / MAexp100: +12.58%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


The latest news and videos published on MERCADOLIBRE INC. at the time of the analysis were as follows:

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

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