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Mercado Libre, Inc | MELI

Daily Technical Analysis of Mercado Libre, Inc

Investors didn't show much interest in one Mercado Libre way or another today. It hasn't moved too much today but is slightly down, it lost -0.96% since yesterday.

It looks like Mercado Libre isn't currently at a very decisive point in regards to support/resistance levels. Mercado Libre hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. MELI may hit some resistance around the 1200.62 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.


Last analyzed on 2024-03-17

Analyst Ratings for Mercado Libre By Price Target And Rating

Mercado Libre has an overall positive view by the analysts. The current Analysts Sentiment Score is 111.62. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-03-05 there was confirmation of the previous rating by Wedbush which was Outperform and provided a price target of $2000.00. JPMorgan Chase & Co. provided a price target boost of 7.5% to $2150.00 from $2000.00 on 2024-02-27. On 2024-02-23 Barclays increased their price target by 5.26% to $2000.00. Susquehanna boosted their price targ by 8.11% to $2000.00 on 2024-02-23. On 2024-01-03 Citigroup increased their price target by 22.58% to $1900.00. Bank of America announced an upgrade on 2023-11-27 from Neutral to Buy and added a price target of $2000.00. On 2023-09-01 there was an upgrade provided by New Street Research from Neutral to Buy and moved up their price target to $1650.00 which is a 17.86% increase. On 2023-08-30 UBS Group increased their price target by 6.25% to $1700.00. On 2023-08-09 The Goldman Sachs Group increased their price target by 14.14% to $2180.00. On 2023-07-31 Credit Suisse Group increased their price target by 1.73% to $1760.00.

Company Ratings Score ?
Composite analyst sentiment score
Positive Ratings Negative Ratings Boost Price Target Lower Price Target
MELI111.62113.870112.23-2.86

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-16)
Company YOY Growth Score (typical -20 to +20) Revision Directions (-6 to +6)
MELI0.000.00

Short interest for Mercado Libre

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company Short Score (typical 1-15) ?
We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
Short Interest Days to Cover Rate of Change Shares Short
MELI1.48%1.71.7-16.5769900

How Mercado Libre compares to the broader Consumer Cyclical sector and the more specific Retail - Apparel & Specialty industry

Segment Count 1 Day% 5 Day 1 Month 3 Month 6 Month 1 Year RSI 3mo S-momo ? 6mo S-momo 1yr S-momo Resistance ? Support Demark Sell ? Demark Buy Short Interest Analysts Ratings ?
Retail - Apparel & Specialty

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
682.08-0.120.223.1023.5741.2147.5631.0123.8023.17-16235.09-14756.517.7220.967.5937.82
Consumer Cyclical

Show Me Companies With:

S-Momentum: Highest | Lowest
1 Day Growth: Highest | Lowest
5 Day Growth: Highest | Lowest
1 Month Growth: Highest | Lowest
6 Month Growth: Highest | Lowest
3062.180.981.113.3919.4227.1845.6332.5417.0719.58-13562.73-14538.609.4012.346.0023.78

Social Sentiment for Mercado Libre

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker Social Sentiment(1-10)
MELI

Companies with the highest correlation to Mercado Libre

Company Score 1 Day% 5 Day 1 Month 3 Month 6 Month 1 Year RSI 3mo S-momo ? 6mo S-momo 1yr S-momo Resistance ? Support Demark Sell ? Demark Buy Short Interest Score
PAGS | PagSeguro Digital Ltd.1.16-0.690.423.1618.4870.9572.3976179.0835.0933.76-3412.52-24895.41006.0466
VRNS | Varonis Systems, Inc.1.151.31-3.57-6.876.2756.7688.1139235.39146.05187.64-2197.91163.30005.39701
SQ | Block, Inc.1.12-0.74-1.044.6715.1888.4530.466337.7235.0826.49-261.43-15179.34002.50657
WDAY | Workday, Inc. Class A Com1.06-1.36-1.04-7.141.9918.5544.25439.6634.2983.28-1381.12-34766.33001.92172
SMAR | Smartsheet Inc.1.040.79-3.03-9.03-17.61-2.14-17.0123-5.13-4.06-0.63-18060.43171.04002.32082
NOW | SERVICENOW, INC.1.02-2.51-1.83-1.6010.4038.9176.8953101.5268.25126.62-469.37-43752.01001.73847
SHOP | Shopify Inc. Class A subo1.010.11-1.222.956.4951.6377.436411.1227.2354.49-799.28-22227.02002.43654
IIPR | Innovative Industrial Pro0.990.742.006.493.1234.6139.105210.4927.5436.95-2232.71-12783.53009.33127

Top 3 correlating companies

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Sentiment Score

How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.

Earnings Estimates
Analyst Rating
Price Targets
Short Interest
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Options Sentiment
Institutional Ownership
Social Sentiment
Fidelity Summary
Overall Summary Notes
Calculated Sentiment Sum

Score Sum
(1-45)

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Average
(1-5)

+

Pattern Rank
(1-5)

=

Total Score
(1-10)

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