MELI Monthly Technical Analysis
MercadoLibre Inc
Latin America's leading e-commerce and digital payments company.
MELI Technical Analysis Summary
MELI is undergoing a substantial medium-term correction following a sharp ascent to record highs near 2,700. Price is now testing critical long-term structural support around the 50-month moving average (1,710.76) and the lower Bollinger Band zone. While short-term momentum remains negative, the secular trend remains structurally bullish as long as price maintains footing above the broader 1,400–1,500 support shelf.
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MELI Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has experienced a multi-month decline from the 2,700 peak, falling below the 20-month moving average (2,055.18) and the 50-month moving average (1,710.76) with declining RSI at 44.23.
Long-term Sentiment (weeks to months): Bullish
The secular uptrend remains intact with the 50-month SMA well above the 200-month SMA (726.75) and price currently testing the multi-year support zone established by the 2021 cycle peak.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-10-01T22:26:45.694Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $1,450.00 | $1,400.00 - $1,500.00 | Moderate | Aligns with the lower Bollinger Band (1,437.55) and the 2023 consolidation breakout base. |
| $700.00 | $600.00 - $800.00 | Strong | Major secular cycle trough established in 2022, supported by the rising 200-month SMA currently at 726.75. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,050.00 | $2,000.00 - $2,100.00 | Moderate | Confluence of the 20-month SMA (2,055.18) and the prior 2021 all-time high zone. |
| $2,675.00 | $2,600.00 - $2,750.00 | Strong | Current all-time high resistance area and upper Bollinger Band boundary at 2,672.80. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Secular Breakout and Retest | Bullish | $2,700.00 | After breaking out to new record highs above the 2021 peaks near 2,000, price has pulled back to test the previous multi-year breakout level and 50-month SMA. |
Frequently Asked Questions about MELI
What is the current sentiment for MELI?
The short-term sentiment for MELI is currently Bearish because Price has experienced a multi-month decline from the 2,700 peak, falling below the 20-month moving average (2,055.18) and the 50-month moving average (1,710.76) with declining RSI at 44.23.. The long-term trend is classified as Bullish.
What are the key support levels for MELI?
StockDips.AI has identified key support levels for MELI at $1,450.00 and $700.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is MELI in a significant dip or a Value Dip right now?
MELI has a Value Score of 27/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.