MELI technical analysis
MELI Technical Analysis
Analysis date
August 6, 2026
Market
NasdaqGS (USD)
Daily cutoff
August 5, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
MELI Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- MELI
- Market
- NasdaqGS
- Currency
- USD (US Dollar)
- Latest completed bar
- August 5, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 1,922.57 | August 5, 2026 | - | Verified |
| Verification series | 1,922.57 | August 5, 2026 | 0.00% | Verified |
Bottom line
MELI Technical Analysis Summary
MELI technical analysis shows a stock in an early recovery from a sharp decline within a still uncertain longer-term structure. On the daily chart, price at 1,922.57 trades above SMA20 (1,849.46), SMA50 (1,741.60), and SMA200 (1,889.77), but the averages are not in a clean bullish stack because the SMA200 sits above the SMA20, an unfinished repair of the prior downtrend. Daily RSI14 at 68.74 is approaching overbought, and the latest close printed above the upper Bollinger Band on about 1.6 times the 20-day average volume. The weekly picture is improving as well, with price at 1,877.95 above the weekly SMA20 (1,721.09) and SMA200 (1,703.29) but below the SMA50 (1,955.45), and a strongly positive weekly MACD histogram. Key resistance is the 20-day high at 1,944.99, with the 52-week high near 2,548.50 as the larger target. Key support sits near the 20-day low at 1,760.90, with the 52-week low at 1,495.00 as the major downside reference.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 5, 2026)
- Trend
- Mixed but improving. Price at 1,922.57 is above SMA20 (1,849.46), SMA50 (1,741.60), and SMA200 (1,889.77), with all three averages rising after the stock bottomed near 1,495.00 in May. The averages are not stacked in a clean bullish order because the SMA200 remains above the SMA20, which is common early in a recovery from a deep drawdown. The 1-period return of +1.80% on the latest bar and the 60-period return of +17.77% show the advance has follow-through, but the 252-period return of -19.75% is a reminder that the stock remains well below its levels of a year ago.
- Momentum
- Bullish but stretched. RSI14 at 68.74 is near overbought but not extreme, leaving room for further upside while warranting caution. The MACD line at 42.32 is above the signal at 39.21 with a positive histogram of 3.10, confirming upside momentum. The main caution is that price closed slightly above the upper Bollinger Band at 1,920.34, a stretched reading that often precedes a pause or a pullback.
- Volatility
- Elevated. ATR14 at 53.90 is about 2.80% of price, wider than the roughly 2% level seen during calmer stretches. Bollinger Bands span 1,778.59 to 1,920.34, and the latest close at 1,922.57 finished just above the upper band, indicating that the recent move has been fast.
- Volume
- Above average. Latest volume of 603,400 is about 160% of the 20-day average of 376,570, so the breakout bar printed with solid participation. Volume coverage can differ across venues, so the relative ratio is computed from the same calculation series throughout.
Assessment
The daily chart shows a recovery advance with price above every major average and positive momentum. The concern is short-term extension: RSI near 69 and a close above the upper Bollinger Band suggest the move may pause or consolidate before continuing. The immediate test is resistance at the 20-day high of 1,944.99. A failure there with fading volume would set up a pullback toward SMA20 near 1,849.46 or the 20-day low near 1,760.90, while a breakout on volume would reopen the path toward the 52-week high near 2,548.50.
Weekly (July 27, 2026 week)
- Trend
- Mixed, improving. Price at 1,877.95 is above SMA20 (1,721.09) and SMA200 (1,703.29) but still below SMA50 (1,955.45). The weekly 5-period return of +12.11% and 20-period return of +12.45% show a strong advance off the May low near 1,495.00, yet the 60-period return of -24.35% reflects the depth of the prior decline. The stock is in the early stages of rebuilding a weekly uptrend.
- Momentum
- Turning positive. RSI14 at 54.06 is back above the 50 midline, a neutral-to-constructive reading. The MACD line at -35.25 remains below the signal at -73.65, but the histogram is strongly positive at 38.40, meaning the MACD line is rising quickly and a bullish crossover is drawing closer. The improvement is real but still needs confirmation.
- Volatility
- High. ATR14 at 139.07 is about 7.41% of price, reflecting wide weekly swings consistent with the recent drawdown and recovery. Bollinger Bands span 1,514.66 to 1,927.52, and price is trading in the upper half of the band range.
- Volume
- Below average. Latest weekly volume of 1,772,200 is about 76% of the 20-week average of 2,342,435. The recovery has not yet drawn heavy weekly participation, which leaves some doubt about the durability of the advance.
Assessment
The weekly chart supports a stabilization and early recovery story. Price has reclaimed the 20-week and 200-week averages, and momentum is turning up from a deeply negative base, as shown by the rising MACD histogram. The resistance zone near 1,905 to 1,955 (20-week high and SMA50) is the next hurdle. Below, the 20-week low near 1,495.00 remains the key downside reference until the stock clears the weekly SMA50 near 1,955.45.
Key indicators
MELI Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 68.74 | 54.06 |
| MACD (12, 26, 9) | 42.32 / 39.21 / 3.10 | -35.25 / -73.65 / 38.40 |
| ATR (14) | 53.90 (2.80%) | 139.07 (7.41%) |
| Bollinger Bands (20, 2) | 1,778.59 - 1,920.34 | 1,514.66 - 1,927.52 |
| SMA (20) | 1,849.46 | 1,721.09 |
| SMA (50) | 1,741.60 | 1,955.45 |
| SMA (200) | 1,889.77 | 1,703.29 |
Price structure
MELI Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 1,922.57 | 1,877.95 |
| 1-Period Return | +1.80% | +4.25% |
| 5-Period Return | +3.18% | +12.11% |
| 20-Period Return | +6.26% | +12.45% |
| 60-Period Return | +17.77% | -24.35% |
| 252-Period Return | -19.75% | +12.61% |
| 52-Week Low | 1,495.00 | 1,495.00 |
| 52-Week High | 2,548.50 | 2,548.50 |
| 52-Week Position | 40.59% | 36.35% |
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 | 1,944.99 | 1,905.49 |
| 20-Period Low | 1,760.90 | 1,495.00 |
| 60-Period High | 1,944.99 | 2,645.22 |
| 60-Period Low | 1,495.00 | 1,495.00 |
Scenarios
MELI Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks and holds above the daily 20-day high at 1,944.99 on rising volume, opening the path toward the 52-week high near 2,548.50.
Invalidation
Price fails at 1,944.99 and drops back below the SMA20 near 1,849.46.
What to watch
Sustained closes above 1,945; daily RSI holding above 60 without extreme overbought; a weekly MACD bullish crossover; volume expanding on up days.
Range-Bound
Trigger
Price oscillates between the 20-day low near 1,760.90 and the 20-day high near 1,944.99 while digesting the recent advance.
Invalidation
A decisive break of either boundary on above-average volume.
What to watch
RSI holding between 40 and 70; Bollinger Bands flattening; declining volume during the pause; SMA20 near 1,849.46 acting as the center of the range.
Bearish
Trigger
Price reverses below the 20-day low near 1,760.90 and confirms with a close below the SMA20 near 1,849.46, targeting the 52-week low near 1,495.00.
Invalidation
Price reclaims the 20-day high near 1,944.99 and holds above it.
What to watch
Daily RSI falling back below 50; the MACD histogram turning negative; expanding downside volume; a loss of the 1,495.00 low would signal a deeper trend problem.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 5, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
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.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 5, 2026, weekly July 27, 2026 week. Generated August 6, 2026.
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