MELI

Mercado LibreTechnology

$1635.15+0.20%

Rectangle Bearish Flag Descending Triangle

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$1635.15

APRMAYJUN

MELI Technicals

Momentum is building with this Rectangle. See the live chart action.

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Quick Actions

Trade Plan: Bearish Flag

Risk/Reward

1:2.46

Entry

$1546.00

Stop

$1712.00

Target

$1138.00

Chart Pattern

Rectangle

Sideways movement between parallel supports.

Bearish Flag

Bearish continuation if preceding move was down.

Descending Triangle

Bearish continuation pattern.

Rounding Bottom

Gradual reversal from bearish to bullish.

Market Analysis

A clear signal has emerged for Mercado Libre (MELI) on the daily chart. The stock is trading at $1635.15, up 0.2% on the day. The primary technical feature is a Bearish Flag formation. The trend indicator is reading 14.5/100, suggesting moderate momentum. A potential breakout level is identified at $1546.0, targeting $1138.0 with support near $1712.0 (R:R 2.46).

Community Sentiment

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