MELI Monthly Technical Analysis
MercadoLibre Inc
Latin America's leading e-commerce and digital payments company.
MELI Technical Analysis Summary
MercadoLibre continues to trade within a dominant multi-year secular uptrend, with the rising 50-month SMA providing strong support during the recent multi-month correction. While short-term upside faces immediate resistance around the 20-month SMA near 2,086, the broader moving average alignment and mid-range RSI support continuation toward previous all-time highs over the long term.
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MELI Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is rebounding from the 50-month moving average support near 1,675 but remains capped below the declining 20-month moving average near 2,086.
Long-term Sentiment (weeks to months): Bullish
The secular bull market remains firmly intact, characterized by upward-sloping 50-month and 200-month SMAs and a long-term series of higher swing lows.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-09-01T06:41:17.027Z
- Model: gemini-3.7-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $1,700.00 | $1,650.00 - $1,750.00 | Strong | Confluence of the ascending 50-month SMA and the recent monthly pullback lows. |
| $1,300.00 | $1,200.00 - $1,400.00 | Strong | Major multi-year structural accumulation zone and breakout platform from 2023. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,100.00 | $2,050.00 - $2,150.00 | Weak | 20-month SMA resistance and intermediate breakdown level. |
| $2,650.00 | $2,600.00 - $2,700.00 | Strong | All-time high peak zone and upper Bollinger Band boundary. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Secular Ascending Trend | Bullish | $2,660.00 | Multi-year structural uptrend characterized by deep corrective pullbacks finding persistent support along the rising 50-month moving average. |
Frequently Asked Questions about MELI
What is the current sentiment for MELI?
The short-term sentiment for MELI is currently Neutral because Price is rebounding from the 50-month moving average support near 1,675 but remains capped below the declining 20-month moving average near 2,086.. The long-term trend is classified as Bullish.
What are the key support levels for MELI?
StockDips.AI has identified key support levels for MELI at $1,700.00 and $1,300.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is MELI in a significant dip or a Value Dip right now?
MELI has a Value Score of 35/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.