MELI Weekly Technical Analysis
MercadoLibre Inc
Latin America's leading e-commerce and digital payments company.
MELI Technical Analysis Summary
MercadoLibre is currently in a consolidation phase within a broader long-term uptrend, trading between the 20-week and 50-week moving averages. While the long-term structure remains bullish above the 200-week SMA, short-term momentum has cooled as indicated by the negative MACD histogram and RSI resetting to neutral levels. The stock needs to reclaim the 50-week SMA near 2,240 to signal a resumption of the uptrend, while the 1,845 level serves as critical support to prevent a deeper pullback.
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MELI Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating around the 20-week SMA and below the 50-week SMA, with RSI resetting to the 50 midpoint.
Long-term Sentiment (weeks to months): Bullish
The stock remains in a clear primary uptrend, trading significantly above the rising 200-week SMA with a structure of higher lows.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:34:00.511Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $1,862.50 | $1,845.00 - $1,880.00 | Strong | Confluence of the lower Bollinger Band and recent consolidation swing lows. |
| $1,590.00 | $1,580.00 - $1,600.00 | Strong | Major structural support aligned with the rising 200-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,240.00 | $2,230.00 - $2,250.00 | Moderate | The 50-week SMA acts as immediate overhead resistance. |
| $2,425.00 | $2,400.00 - $2,450.00 | Strong | Recent swing highs and proximity to the upper Bollinger Band. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Consolidation Range | Neutral | N/A | Price is moving sideways between approximately 1,850 and 2,400 following a strong advance. |
Frequently Asked Questions about MELI
What is the current sentiment for MELI?
The short-term sentiment for MELI is currently Neutral because Price is consolidating around the 20-week SMA and below the 50-week SMA, with RSI resetting to the 50 midpoint.. 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 $1,862.50 and $1,590.00. 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 68/100. 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.