MELI

Mercado LibreTechnology

$1675.33+1.46%

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$1675.33

MARAPRMAY

MELI Technicals

Momentum is building with this Descending Triangle. See the live chart action.

View on TradingView View on TrendSpider

Quick Actions

Trade Plan: Descending Triangle

Risk/Reward

1:1.95

Entry

$1495.00

Stop

$1704.19

Target

$1087.00

Chart Pattern

Descending Triangle

Bearish continuation pattern.

Market Analysis

MELI is showing interesting structural developments at $1675.33. With a last close of $1675.33, volatility remains active (1.46%). The primary technical feature is a Descending Triangle formation. Volume is average (0.38x avg) with moderate trend strength (25.8). A potential breakout level is identified at $1495.0, targeting $1087.0 with support near $1704.19 (R:R 1.95).

Community Sentiment

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