We Analyzed MercadoLibre, Inc. ($MELI) – Here’s What We Found (2019-11-19)

REPORTING FOR 2019-11-19 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how MELI has been trading over the last 2 weeks and the past day especially. On its latest session, MercadoLibre, Inc. ($MELI) opened at 550.11, reaching a high of 552.315 and a low of 530.35 before closing at a price of 533.01. There was a total volume of 624877.

VOLUME INDICATORS FOR MERCADOLIBRE, INC. ($MELI): We saw an accumulation-distribution index of 10959.04697, an on-balance volume of 550.1, chaikin money flow of 18.9229 and a force index of -64.0342. There was an ease of movement rating of 0.09279, a volume-price trend of -36.94236 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR MERCADOLIBRE, INC. ($MELI): We noted an average true range of 14.31717, bolinger bands of 545.01288, an upper bollinger band of 523.34712, lower bollinger band of 530.35, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 544.25833, high band keltner channel of 542.05333, low band keltner channel of 546.46333, 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 530.35, a donchian channel low band of 530.35, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR MERCADOLIBRE, INC. ($MELI): We calculated a Moving Average Convergence Divergence (MACD) of 0.17186, a MACD signal of 0.09548, a MACD difference of 0.07638, a fast Exponential Moving Average (EMA) indicator of 530.35, a slow Exponential Moving Average (EMA) indicator of 530.35, 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 0.3631, a trix of -3.50382, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 40.35099, a KST Oscillator (KST) of -70.70426 and a KST Oscillator (KST Signal) of -70.70426 (leaving a KST difference of 3.35552). We also found an Ichimoku rating of 551.2125, an Ichimoku B rating of 551.2125, a Ichimoku visual trend A of 580.42538, an Ichimoku visual trend B of 563.14548, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR MERCADOLIBRE, INC. ($MELI): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 50.75776, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -119.46594, a stochastic oscillator of 996.14512, a stochastic oscillator signal of 996.14512, a Williams %R rating of 896.14512 and an awesome oscillator of -5.97892.

RETURNS FOR MERCADOLIBRE, INC. ($MELI): There was a daily return of -7.07043, a daily log return of 1.434 and a cumulative return of 1.44433.

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 2019-11-19 (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)…

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.

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