MELI technical analysis
MELI Technical Analysis
Analysis date
July 14, 2026
Market
NasdaqGS (USD)
Daily cutoff
July 13, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
MELI Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- MELI
- Market
- NasdaqGS
- Currency
- USD (US Dollar)
- Latest completed bar
- July 13, 2026
No adjustment factor (adjusted close equals raw close, factor 1.0). No stock splits or dividend adjustments affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Financial Modeling Prep (FMP) | 1,986.25 | July 13, 2026 | - | Verified |
| Massive API (independent) | 1,985.80 | July 13, 2026 | 0.02% | Verified |
Bottom line
MELI Technical Analysis Summary
MELI displays a moderately bullish technical picture on the daily timeframe but shows mixed signals on the weekly chart. The daily trend is supported by price above SMA20 and SMA50, with RSI near 56 indicating neutral-to-bullish momentum without overbought risk. However, the weekly RSI at 51.5 suggests a more neutral stance. MACD is positive on both timeframes but the histogram has flattened recently, hinting at momentum deceleration. Key support sits at the 20-day low near 1,873 and the 60-day low near 1,781. Resistance is at the 52-week high around 2,103. The stock remains in a long-term uptrend but the short-term momentum is cooling.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 13, 2026)
- Trend
- Bullish. Price at 1,986.25 is above SMA20 (1,948.52), SMA50 (1,923.16), and SMA200 (1,781.32). The SMA20 is above SMA50, confirming a short-term bullish alignment. The SMA200 is sloping upward, supporting the long-term uptrend.
- Momentum
- Neutral-to-Bullish. RSI14 at 56.42 is in neutral territory. MACD at 18.63 with signal at 16.89 and a positive histogram of 1.74 indicates mild bullish momentum, but the histogram has flattened over the past few sessions, suggesting deceleration.
- Volatility
- Moderate. ATR14 at 42.18 (2.12% of price) suggests average daily movement of about 2.1%. Bollinger Bands (1,852 to 2,045) are moderately wide with price near the middle, reflecting balanced conditions.
- Volume
- Near average. Latest volume of 345,200 is 94.7% of the 20-period average (364,600), indicating normal participation levels.
Assessment
The daily chart shows a modest uptrend with price above all key moving averages. RSI is in neutral territory, providing room for movement in either direction. The MACD histogram flattening warrants attention as it may signal a pending trend change or consolidation phase. The stock is trading closer to resistance than support, which could lead to a breakout or rejection.
Weekly (July 6, 2026 week)
- Trend
- Bullish. Price at 1,973.85 is above SMA20 (1,876.22), SMA50 (1,812.54), and SMA200 (1,558.73). The SMA200 is sloping upward, confirming the long-term uptrend. However, the bullish alignment is less steep than on the daily chart.
- Momentum
- Neutral. RSI14 at 51.49 is right at the midline. MACD at 45.61 with signal at 43.27 and a small positive histogram of 2.34 shows weak bullish momentum.
- Volatility
- Moderate. ATR14 at 78.56 (3.98% of price) reflects normal weekly ranges for a stock with MELI price levels.
- Volume
- Slightly below average. Weekly volume of 1,685,400 is 87.3% of the 20-week average (1,931,200), suggesting reduced participation.
Assessment
The weekly chart shows a bullish long-term structure but the momentum indicators are neutral. RSI near 50 and a flat MACD histogram suggest the weekly trend lacks conviction. The 52-week position at around 78% indicates the stock has room before reaching resistance but is not near oversold levels either. This aligns with the daily assessment of a cooling momentum phase within a broader uptrend.
Key indicators
MELI Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 56.42 | 51.49 |
| MACD (12, 26, 9) | 18.63 / 16.89 / 1.74 | 45.61 / 43.27 / 2.34 |
| ATR (14) | 42.18 (2.12%) | 78.56 (3.98%) |
| Bollinger Bands (20, 2) | 1,852.41 - 2,044.89 | 1,721.56 - 2,030.88 |
| SMA (20) | 1,948.52 | 1,876.22 |
| SMA (50) | 1,923.16 | 1,812.54 |
| SMA (200) | 1,781.32 | 1,558.73 |
Price structure
MELI Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 1,986.25 | 1,973.85 |
| 1-Period Return | +0.84% | +1.95% |
| 5-Period Return | +1.12% | +3.21% |
| 20-Period Return | +4.76% | +11.44% |
| 60-Period Return | +10.38% | +28.67% |
| 252-Period Return | +32.15% | +54.23% |
| 52-Week Low | 1,405.00 | 1,405.00 |
| 52-Week High | 2,103.42 | 2,082.37 |
| 52-Week Position | 74.85% | 78.13% |
Key levels
MELI Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 2,044.89 | 2,030.88 |
| 20-Period Low | 1,873.15 | 1,786.44 |
| 60-Period High | 2,103.42 | 2,082.37 |
| 60-Period Low | 1,781.32 | 1,541.23 |
Scenarios
MELI Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks above the 20-day high of 2,044.89 with above-average volume, targeting the 52-week high at 2,103.42.
Invalidation
Price falls below the 20-day low of 1,873.15.
What to watch
Sustained close above 2,045; RSI breaking above 60 on daily; MACD histogram turning up.
Range-Bound
Trigger
Price continues to oscillate between 1,873 support and 2,045 resistance.
Invalidation
A decisive break of either boundary with increasing volume.
What to watch
RSI staying between 45 and 60; volume remaining near or below average.
Bearish
Trigger
Price breaks below the 20-day low at 1,873 and confirms with a close below the SMA50 at 1,923.
Invalidation
Price reclaims the 20-day high at 2,045 and holds above it.
What to watch
Sustained closes below SMA20 (1,949); MACD histogram turning negative; increasing downside volume.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from Financial Modeling Prep (FMP, primary) and Massive API (independent cross-validation). The daily analysis covers approximately 2 years (500 completed bars) ending July 13, 2026. The weekly analysis covers approximately 5 years (261 completed bars) ending the week of July 6, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 13, 2026, weekly July 6, 2026 week. Generated July 14, 2026.
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