MELI (NASDAQ)

MELI NASDAQ

MercadoLibre

STAY LONG

2563

Prev.Close

2545

Change

+18.0000

Change%

+0.71%

BEARISH KICKING

Bought at

1992.66

Open

2539

High

2573

Low

2525

2563

Gain%

+28.64%

Signal History

Date	Price	Signal	Change%		$100⇨
04/11	1993	BUY	+28.6%	✔	104
03/28	2062	SHORT	-3.4%	✔	101
03/17	2043	BUY	+0.9%	✔	101
03/03	2117	SHORT	-3.5%	✔	98
02/26	2198	BUY	-3.7%	❌	102
02/19	2076	SELL	+5.9%	❌	102
01/28	1859	BUY	+11.7%	✔ 👍	92
01/21	1835	SELL	+1.3%	❌	92
01/15	1806	BUY	+1.6%	✔	91
01/07	1788	SELL	+1.0%	❌	91
01/03	1811	BUY	-1.3%	❌	92
12/31	1711	SHORT	+5.8%	❌	98
12/23	1730	BUY	-1.1%	❌	100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Today's recommendation from our system is to STAY LONG. The previous BUY signal was issued on 04/11/2025, 49 days ago, when the stock price was 1993. Since then, MELI has risen by +28.64%.

Market Outlook

The market is currently exhibiting uncertainty with a negative bias. There seems to be a lack of consensus among traders. The negative sentiment, however, is increasing, as evident from the latest bearish pattern. Therefore, it's wise to stay vigilant. The share price is still not below the confirmation level and the signal is suggesting to STAY LONG, but the chance of a bearish confirmation that will change the signal to <SELL is quite high. The Delayed Intraday Module is ON. We highly recommend closely monitoring intraday price movements due to the potential downside risks involved.

Pattern Description

This pattern starts with a white Marubozu followed by a black Marubozu. After the white Marubozu, the market opens below the previous session’s opening price, creating a gap between the two candlesticks. more...

Date	Price	Signal	Change%		$100⇨
04/11	1993	BUY	+28.6%	✔	159
03/28	2062	SHORT	-3.4%	✔	155
03/17	2043	BUY	+0.9%	✔	154
03/03	2117	SHORT	-3.5%	✔	149
02/26	2198	BUY	-3.7%	❌	156
02/19	2076	SELL	+5.9%	❌	156
01/28	1859	BUY	+11.7%	✔ 👍	140
01/21	1835	SELL	+1.3%	❌	140
01/15	1806	BUY	+1.6%	✔	138
01/07	1788	SELL	+1.0%	❌	139
01/03	1811	BUY	-1.3%	❌	141
12/31	1711	SHORT	+5.8%	❌	150
12/23	1730	BUY	-1.1%	❌	152
11/27	2082	SELL	-16.9%	✔	153
11/25	2046	BUY	+1.7%	✔	150
11/13	1956	SHORT	+4.6%	❌	158
11/11	1906	BUY	+2.6%	✔	155
11/07	1907	SELL	-0.1%	✔	155
10/28	2056	BUY	-7.3%	❌	168
10/23	2050	SHORT	+0.3%	❌	169
10/08	1978	BUY	+3.6%	✔	164
10/04	1960	SHORT	+0.9%	❌	166
10/01	2066	BUY	-5.1%	❌	175
09/27	2087	SHORT	-1.0%	✔	174
09/25	2116	BUY	-1.3%	❌	177
09/17	2085	SELL	+1.5%	❌	178
09/11	2042	BUY	+2.1%	✔	175
09/06	1986	SHORT	+2.8%	❌	180
08/30	2038	BUY	-2.6%	❌	186
08/22	1989	SELL	+2.5%	❌	186
08/05	1681	BUY	+18.3%	✔ 👍	158
08/01	1611	SELL	+4.3%	❌	158
07/22	1678	BUY	-4.0%	❌	165
07/16	1725	SELL	-2.7%	✔	165
07/12	1729	BUY	-0.3%	❌	166
07/10	1704	SELL	+1.5%	❌	166
06/20	1583	BUY	+7.6%	✔	155
06/03	1693	SHORT	-6.5%	✔	146
05/29	1710	BUY	-1.0%	❌	148
05/22	1758	SELL	-2.7%	✔	148