MELI

MELI (MELI) — Downtrend in force

MELI (MELI) is trading at $1,857.51, +132.61 (+-16.7%) on the session. Over the last 128 sessions the trend is down with a +8.6% move. Price is -7.4% from its 6-month high and +20.1% from its 6-month low. Annualised volatility (30-day) is ~39%.

Trend Downtrend in force

MELI (MELI) is trading at $1,857.51. Over the last 128 sessions the trend is **down** with a +8.6% move.

Price is -7.4% from the 6-month high and +20.1% from the low. Annualised volatility (30-day) is ~39%.

Price is above the 15-day MA ($1,778.07, +4.5%) and below the 50-day SMA ($1,862.20).

Bollinger Bands Inside the bands — range-bound

Bollinger Bands (20, 2): price is at $1,857.51, upper $1,941.34, middle $1,804.01, lower $1,666.67. Price is inside the bands — range-bound.

Bandwidth is 15.2% of price — expanded (high volatility). Width contraction often precedes a directional breakout; expansion confirms one underway.

RSI (14) Healthy pullback

RSI(14) is 57.7. Above 50 — bullish momentum intact, no exhaustion.

Generally: above 70 = overheated, above 50 = bullish trend, below 50 = bearish trend, below 30 = oversold.

MACD (12, 26, 9) Bullish — fast line above signal

MACD (12, 26, 9): line $-28.76, signal $-34.53, histogram +5.778.

The fast line is above the signal line and the histogram is positive — a bullish configuration. Momentum is expanding.

Volume Analysis Balanced volume

Up-day and down-day volume are roughly even (ratio 1.03) over the recent 19 sessions — no strong conviction either way.

Rule of thumb: price up on high volume = accumulation; price down on high volume = distribution. Low-volume pullbacks after a rally are usually profit-taking, not panic.

Smart Money (A/D) Smart money on hold

The A/D line slope is flat and the line is near highs — institutions are neither aggressively accumulating nor distributing.

A/D combines price position within the day's range with volume: rising = net buying pressure, falling = net selling pressure. It often leads price at turning points.

Anchored VWAP Above anchored VWAP — period buyers in profit

Price ($1,857.51) is +5.4% above the anchored VWAP ($1,762.16). Buyers who entered at the period's volume-weighted average are in profit and less likely to panic-sell.

Anchored VWAP is the volume-weighted average from the start of the scraped series — a proxy for the period's average institutional cost basis.

Key Levels 3 resistance / 3 support levels

Current price $1,857.51. Resistance above: $1,909.00, $1,941.34, $1,961.99. Support below: $1,832.01, $1,804.01, $1,785.22.

Watch $1,909.00 as the first upside level to clear, and $1,832.01 as the first downside level to hold. A clean break of either often determines the next leg.

Signal breakdown

• Trend (6mo) Bearish Linear-regression slope is down (+8.6% over the period).
• Price vs 50-day SMA Bearish Price is below the 50-day SMA ($1,862.20).
• RSI (14) Bullish RSI 58 — holding above 50, momentum intact.
• MACD (12,26,9) Bullish Histogram positive (+5.778) — fast line above signal.
• Bollinger %B Bullish Price in the upper half of the bands (%B 0.69).
• Volume profile Neutral Volume balanced between up and down days.
• A/D line Neutral A/D line slope is flat.
• AVWAP Bullish Price above anchored VWAP ($1,762.16).

Generated from 128 daily closes in the scraped 6-month OHLCV series (quote data 2026-10-06T15:33:50.480203704Z). Every level, rating, and probability traces to a computed indicator — no commentary is hand-written or fixed per symbol. Recomputed on each page load from the latest scrape.