MercadoLibre, Inc. ($MELI): A Professional’s Recap (2019-07-29)

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REPORTING FOR 2019-07-29 | LOGISTICS-BUSINESS-REVIEW.COM: We have conducted a deep analysis of how MercadoLibre, Inc. ($MELI) has been trading over the last 2 weeks and the past day especially. On its latest session, MercadoLibre, Inc. ($MELI) opened at 650.0, reaching a high of 662.9 and a low of 647.1375 before closing at a price of 654.71. There was a total volume of 397478.

VOLUME INDICATORS: We saw an accumulation-distribution index of 5667.12412, an on-balance volume of 652.5, chaikin money flow of 1.4438 and a force index of -103.67077. There was an ease of movement rating of -0.04487, a volume-price trend of 115.46696 and a negative volume index of 1000.0.

VOLATILITY: We noted an average true range of 10.41474, bolinger bands of 654.26316, an upper bollinger band of 643.73434, lower bollinger band of 647.1375, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 653.34583, high band keltner channel of 640.44583, low band keltner channel of 666.24583, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 647.1375, a donchian channel low band of 647.1375, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND: We calculated a Moving Average Convergence Divergence (MACD) of 0.08352, a MACD signal of 0.0464, a MACD difference of 0.03712, a fast Exponential Moving Average (EMA) indicator of 647.1375, a slow Exponential Moving Average (EMA) indicator of 647.1375, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.2239, a trix of 11.17619, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -97.44906, a KST Oscillator (KST) of 177.28053 and a KST Oscillator (KST Signal) of 177.28053 (leaving a KST difference of 1.693). We also found an Ichimoku rating of 656.45, an Ichimoku B rating of 656.45, a Ichimoku visual trend A of 579.29878, an Ichimoku visual trend B of 602.06067, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 97.14639, a stochastic oscillator of 122.18992, a stochastic oscillator signal of 122.18992, a Williams %R rating of 22.18992 and an awesome oscillator of -1.35824.

RETURNS: There was a daily return of 17.72805, a daily log return of 0.57358 and a cumulative return of 0.57523.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-07-29 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for MercadoLibre, Inc. ($MELI)…

For a more complete analysis, run all of this through the BTMA software. Also, to stay up to date with what is happening on MercadoLibre, Inc., we strongly advise MercadoLibre, Inc. investors to subscribe to MarketBeat.com’s daily email newsletter for updates, news and analyst ratings on stocks like MercadoLibre, Inc. – without this you are trading blind:

We will of course continue to cover the news and price action of MercadoLibre, Inc., but it’s easiest for you to just subscribe to MarketBeat’s newsletter above so you don’t miss anything.

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling MercadoLibre, Inc. ($MELI) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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