EN
Takip Edin: @UscMarketsMELI Stock Forecast & MercadoLibre Chart Analysis
This article provides a detailed analysis of MELI-MercadoLibre stock including a forecast for MELI shares. It features MercadoLibre, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
MELI Historical Data Review
MELI Current Price Performance Analysis
The MercadoLibre - MELI stock traded on the American stock market, on 06-05-2024, closed at 1604.9$ with a %-1.58 decreased compared to the previous day.
In the last month, the price of MELI changed by %-2.96 decreased in value, from 1653.85 dollars on 05-06-2024 to 1604.9 dollars, decreased.
Last year, the price of MELI was 1254.45 dollars on 06-06-2023, and changed by %27.94 increased in value, to 1604.9 dollars increased within a year.
The price of MercadoLibre stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
MELI with AI Stock Forecast & Price Target
On the MELI chart MercadoLibre price was recorded as 1604.9 Dollars on 06/05/2024.
The artificial intelligence's forecast on MELI stock is as follows.
The artificial intelligence's prediction error margin for MELI stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for MercadoLibre stock over the next 4 months is: 2050.5 Dollars.
The commentary on MELI stock Target Price: Highest: 2258.888 Dollars is predicted.
The commentary on MELI stock Target Price: Lowest: 1722.466 Dollars is predicted.
Resistance Price where MercadoLibre stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-30-2024 | 2160.523 |
| 10-03-2024 | 2133.427 |
| 12-12-2024 | 2027.216 |
| 02-20-2025 | 2192.470 |
Support Price where MercadoLibre stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 2041.877 |
| 11-07-2024 | 1989.995 |
| 01-06-2025 | 1960.598 |
| 03-27-2025 | 2047.064 |
The commentary on MELI stock: The target price can generally be said to be on the rise.
The commentary on MELI stock: Fluctuations in the target price can be expected in the coming days.
The target price for MercadoLibre stock by the end of 2024 is predicted to be 1986.566 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on MELI stock, and the 2024 target price predictions for MercadoLibre are detailed above.
The technical analysis and charts for the commentary on MELI stock are below.
MELI Support & Resistance and Trend Analysis
MELI stock you have reviewed the technical analysis support resistance charts regarding.
MELI : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the MELI review, the MercadoLibre support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
MercadoLibre Support and Resistance Prices:
| MELI Support Level Price | MELI Resistance Level Price |
|---|---|
| 1324.99 | 1577.01 |
| 1480.04 | 1581.00 |
| 1483.64 | 1583.49 |
| 1545.95 | 1612.34 |
| 1564.21 | 1653.42 |
| 1577.00 | 1660.00 |
| 1669.01 | 1792.05 |
| 1676.01 | 1792.57 |
| 1800.09 | |
| 1825.00 |
MELI Technical Analysis: SMA, RSI, MACD
Upon reviewing the MELI chart, buy and sell signals have been generated in the MercadoLibre technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for MELI stock are as follows:- The technical analysis for MELI indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for MercadoLibre indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for MercadoLibre stock: Click here to read more predictions on KLA Corporation stock.
Click here for price target predictions and technical analysis charts of other American stocks