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MercadoLibre, Inc. (MELI) - Support & Resistance

Sector: Miscellaneous   Sub-Sector: Business Services
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBullish EngulfingFri, 24 Nov 2017-0.57%
***Stock database and scans are updated around midnight (New York time) every trading day.
Support & Resistance Trading Levels
Yearly R2381.91
Yearly R1325.87
Day High272.16/\
**Target Price271.23$$$$
Day Open270.79o
*Last Done269.84<< Last Trade
5 SMA/DMA269.70
Day Low263.71\/
20 SMA/DMA262.69
50 SMA/DMA258.36
200 SMA/DMA251.08
Yearly Pivot241.91---
Yearly S1185.87
Yearly S2101.91
*Stock/shares data delayed by at least 15mins. Report data issues
**Analyst Consensus Estimates for 1 Year Target (Yahoo Finance)
269.84 0 (0%) Nov 28 4:00pm EST
Open: 270.79 Range: 263.71 - 272.16 Vol: 498.65K Avg Vol: 890.66K
EPS: 3.26 P/E ratio: 73.65 EBITDA: 249.48M Mkt Cap: 10.61B
Analyze "MELI" - FREE 30 Day Trial of Market Analyst 7

What is the Trend for "MELI" Stock?

Short Term : "MELI" is trading above the Weekly Pivot at 0. Short term trend is Up.
Medium Term : "MELI" is trading below the Monthly Pivot at N/A. Medium term trend is Down.
Long Term : "MELI" is trading above the Yearly Pivot at 241.91. Long term trend is Up.

Acronyms & Terminologies

The following are the acronyms and terminologies used in this page:

  • Pivot - Pivot refers to pivot points which are very popular with professional traders in helping to determine support and resistance levels. Each timeframe pivot is calculated based on the previous price "bar" i.e. the current weekly pivot is based on last week's Open, High, Low & Close prices, and so on. The pivot point calculation used in this site is Pivot Point = (High + Low + Close) / 3.
  • R1 & R2 - These are resistance levels which are projected from the corresponding pivot point where prices are expected to pause or reverse. The calculations are R1 = (2*Pivot) - Low and R2 = Pivot + (High - Low)
  • S1 & S2 - These are support levels which are projected from the corresponding pivot point where prices are expected to pause or reverse. The calculations are S1 = (2*Pivot) - High and S2 = Pivot - (High - Low)
  • 5 SMA/DMA - The 5 day simple moving average. This is used to determine short term trends, highly relevant for daytraders and scalpers.
  • 20 SMA/DMA - The 20 day simple moving average. This is used to determine short to medium term trends. This SMA is important in timing entries and exits and for determining a trend reversal or trend continuation, based on the dominant long term trend.
  • 50 SMA/DMA - The 50 day simple moving average. This SMA complements the 20 SMA in trading medium term trends.
  • 200 SMA/DMA - The 200 day simple moving average. This highly popular indicator indicates the long term trend and is very useful for swing trading.

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