MELI (MELI) — Range-bound
MELI (MELI) is trading at $1,846.48, +25.78 (+1.42%) on the session. Over the last 125 sessions the trend is flat with a -6.5% move. Price is -8.1% from its 6-month high and +19.4% from its 6-month low. Annualised volatility (30-day) is ~34%.
Probability scenarios
Bullish bias — 4 bullish, 2 bearish, 2 neutral of 8 signals.
Trend Range-bound / consolidating
MELI (MELI) is trading at $1,846.48. Over the last 125 sessions the trend is **flat** with a -6.5% move.
Price is -8.1% from the 6-month high and +19.4% from the low. Annualised volatility (30-day) is ~34%.
Price is on the 15-day MA ($1,862.48) and above the 50-day SMA ($1,764.40).
Bollinger Bands Inside the bands — range-bound
Bollinger Bands (20, 2): price is at $1,846.48, upper $1,929.62, middle $1,849.58, lower $1,769.54. Price is inside the bands — range-bound.
Bandwidth is 8.7% of price — moderate. Width contraction often precedes a directional breakout; expansion confirms one underway.
RSI (14) Healthy pullback
RSI(14) is 50.9. Above 50 — bullish momentum intact, no exhaustion.
Generally: above 70 = overheated, above 50 = bullish trend, below 50 = bearish trend, below 30 = oversold.
MACD (12, 26, 9) Bearish — momentum slowing
MACD (12, 26, 9): line $19.43, signal $28.07, histogram -8.644.
The fast line has crossed below the signal line and the histogram is negative. Price may still be rising overall, but momentum is weakening — often seen before a correction, a sideways consolidation, or a final push higher.
Volume Analysis Balanced volume
Up-day and down-day volume are roughly even (ratio 1.11) over the recent 19 sessions — no strong conviction either way.
Rule of thumb: price up on high volume = accumulation; price down on high volume = distribution. Low-volume pullbacks after a rally are usually profit-taking, not panic.
Smart Money (A/D) Smart money accumulating
The Accumulation/Distribution line is rising and sitting well off highs. Institutions are not aggressively distributing — large funds still appear net long.
A/D combines price position within the day's range with volume: rising = net buying pressure, falling = net selling pressure. It often leads price at turning points.
Anchored VWAP Above anchored VWAP — period buyers in profit
Price ($1,846.48) is +6.6% above the anchored VWAP ($1,732.77). Buyers who entered at the period's volume-weighted average are in profit and less likely to panic-sell.
Anchored VWAP is the volume-weighted average from the start of the scraped series — a proxy for the period's average institutional cost basis.
Key Levels 2 resistance / 3 support levels
Current price $1,846.48. Resistance above: $1,902.38, $1,929.62. Support below: $1,828.89, $1,789.00, $1,760.90.
Watch $1,902.38 as the first upside level to clear, and $1,828.89 as the first downside level to hold. A clean break of either often determines the next leg.
Resistance
$1,902.38
Resistance
$1,929.62
Support
$1,828.89
Support
$1,789.00
Support
$1,760.90
Signal breakdown
- Trend (6mo) Neutral Slope is near-flat — range-bound price action.
- Price vs 50-day SMA Bullish Price is above the 50-day SMA ($1,764.40).
- RSI (14) Bullish RSI 51 — holding above 50, momentum intact.
- MACD (12,26,9) Bearish Histogram negative (-8.644) — fast line below signal.
- Bollinger %B Bearish Price in the lower half of the bands (%B 0.48).
- Volume profile Neutral Volume balanced between up and down days.
- A/D line Bullish A/D line slope is rising — institutions accumulating.
- AVWAP Bullish Price above anchored VWAP ($1,732.77).
Generated from 125 daily closes in the scraped 6-month OHLCV series (quote data 2026-08-14T18:47:32.429289847Z). Every level, rating, and probability traces to a computed indicator — no commentary is hand-written or fixed per symbol. Recomputed on each page load from the latest scrape.