MELI Weekly Technical Analysis
MercadoLibre Inc
Latin America's leading e-commerce and digital payments company.
MELI Technical Analysis Summary
MELI has successfully defended its long-term bullish trend after bouncing strongly off major support near 1,520 and the 200-week SMA. The weekly price action has reclaimed the 20-week and 50-week moving averages, with RSI expanding positively toward 58.31. A sustained breakout above the immediate 2,000 resistance level would confirm further continuation toward the 2,250–2,350 supply zone.
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MELI Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has staged a strong multi-week rebound from the 1,520 support zone, reclaiming both the 20-week and 50-week moving averages, while RSI has climbed back into bullish territory at 58.31.
Long-term Sentiment (weeks to months): Bullish
The broader multi-year macro structure remains intact as price successfully held above the upward-sloping 200-week SMA (1,724.23) and recovered from its correction off the 2,700 highs.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-08-28T21:03:32.833Z
- Model: gemini-3.7-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $1,915.00 | $1,900.00 - $1,930.00 | Strong | Immediate support anchored by the 50-week simple moving average. |
| $1,742.50 | $1,720.00 - $1,765.00 | Strong | Major confluence of the 20-week SMA and rising 200-week SMA. |
| $1,525.00 | $1,500.00 - $1,550.00 | Strong | Macro swing low and lower Bollinger Band support zone. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,025.00 | $2,000.00 - $2,050.00 | Weak | Psychological barrier aligned with the upper Bollinger Band and recent swing highs. |
| $2,300.00 | $2,250.00 - $2,350.00 | Strong | Prior breakdown area and significant intermediate resistance zone. |
| $2,650.00 | $2,600.00 - $2,700.00 | Strong | Major structural peak and all-time high resistance zone. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Bottom | Bullish | $2,250.00 | Bullish reversal pattern formed between the 1,520 and 1,550 base levels, followed by a sustained recovery and moving-average reclaim. |
Frequently Asked Questions about MELI
What is the current sentiment for MELI?
The short-term sentiment for MELI is currently Bullish because Price has staged a strong multi-week rebound from the 1,520 support zone, reclaiming both the 20-week and 50-week moving averages, while RSI has climbed back into bullish territory at 58.31.. 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 $1,915.00 and $1,742.50. 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 45/100. 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.