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. - Daily - Technical analysis published on 09/24/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 574.25 USD
My targets
482.35 USD (-12.15%)
413.94 USD (-24.61%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MERCADOLIBRE INC. as long as the price remains well below 574.25 USD. The sellers” bearish objective is set at 482.35 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 413.94 USD. In case of crossing, the next objective would be the support located at 367.26 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.2

Complete this analysis for another time unit:
15 min. 1H Weekly
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.

Additional analysis

Quotes

The MERCADOLIBRE INC. price is 549.04 USD. On the day, this instrument gained +1.66% and was between 541.30 USD and 554.98 USD. This implies that the price is at +1.43% from its lowest and at -1.07% from its highest.

541.30
554.98
549.04

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of MERCADOLIBRE INC. indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Near support of channel

Type : Bullish

Timeframe : Daily


Near support of triangle

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 367.26 413.94 482.35 549.04 574.25 608.04 690.10
Change (%) -33.11% -24.61% -12.15% - +4.59% +10.75% +25.69%
Change -181.78 -135.10 -66.69 - +25.21 +59.00 +141.06
Level Minor Major Intermediate - Major Intermediate Intermediate



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
Standard523.64530.00535.05541.41546.46552.82557.87
Camarilla536.95538.00539.04540.09541.14542.18543.23
Woodie522.98529.67534.39541.08545.80552.49557.21
Fibonacci530.00534.36537.06541.41545.77548.47552.82


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard501.91516.34532.15546.58562.39576.82592.63
Camarilla539.65542.43545.20547.97550.74553.51556.29
Woodie502.61516.69532.85546.93563.09577.17593.33
Fibonacci516.34527.89535.03546.58558.13565.27576.82


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard410.08488.73541.67620.32673.26751.91804.85
Camarilla558.41570.48582.54594.60606.66618.73630.79
Woodie397.22482.30528.81613.89660.40745.48791.99
Fibonacci488.73539.00570.06620.32670.59701.65751.91

Numerical data


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

Technical indicators
Moving averages

RSI (14): 40.48
MACD (12,26,9): -17.7900
Directional Movement: -15.19
AROON (14): -64.29
DEMA (21): 545.17
Parabolic SAR (0,02-0,02-0,2): 531.85
Elder Ray (13): -10.43
Super Trend (3,10): 601.61
Zig ZAG (10): 547.80
VORTEX (21): 0.8000
Stochastique (14,3,5): 18.15
TEMA (21): 537.23
Williams %R (14): -77.90
Chande Momentum Oscillator (20): -48.89
Repulse (5,40,3): -0.1200
ROCnROLL: 2
TRIX (15,9): -0.4100
Courbe Coppock: 14.24
MA7: 548.30
MA20: 569.99
MA50: 605.61
MA100: 602.09
MAexp7: 551.41
MAexp20: 568.45
MAexp50: 588.57
MAexp100: 576.36
Price / MA7: +0.13%
Price / MA20: -3.68%
Price / MA50: -9.34%
Price / MA100: -8.81%
Price / MAexp7: -0.43%
Price / MAexp20: -3.41%
Price / MAexp50: -6.72%
Price / MAexp100: -4.74%

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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