Indicator summary: Leaning bullish (3 bullish, 1 bearish, 1 neutral). As of 2026-10-16, the close was $1,834.00: 1.4% below the 50-day average and 0.1% above the 200-day average, which is falling. RSI (14) is 50, in its neutral range. MACD is bullish after a cross in the last 10 days. The stock sits 36% of the way up its 52-week range of $1,495.00 to $2,428.00, on 0.4x its 20-day average volume.
| Indicator | Reading | Read |
|---|---|---|
| 50-day average | $1,859.98 | Price 1.4% below |
| 200-day average | $1,831.59 | Price 0.1% above, average falling |
| 50 vs 200-day | 50 above 200 | Golden-cross alignment |
| RSI (14) | 50 | Neutral range |
| MACD (12, 26, 9) | +3.68 vs -5.44 | Bullish cross in the last 10 days |
| 52-week range | $1,495.00 to $2,428.00 | 36% of the way up the range |
| Volume vs 20-day average | 0.4x | Light |
Base rates use MELI's own daily history since 2007; they describe the past, not a forecast.
As of 2026-10-16, MELI's 14-day RSI is 50, which is in the neutral range between 30 and 70.
Yes. MELI closed at $1,834.00 on 2026-10-16, 0.1% above its 200-day average of $1,831.59, which is falling. When it closed above its 200-day average (3,115 days), it was higher 63 trading days later 62% of the time, median +7.3%.
No. MELI closed at $1,834.00 on 2026-10-16, 1.4% below its 50-day average of $1,859.98. When it closed below its 50-day average (1,956 days), it was higher 63 trading days later 67% of the time, median +10.2%.
Yes, a bullish cross within the last 10 trading days. As of 2026-10-16 the MACD line is +3.68 against a signal line of -5.44, so MACD is bullish.
No. At $1,834.00 it sits 36% of the way up its 52-week range of $1,495.00 to $2,428.00, 24.5% below the high.
Leaning bullish: 3 of 5 indicators are bullish and 1 bearish as of 2026-10-16 (the 50 and 200-day averages, their alignment, RSI and MACD). A rating summarises the chart; it is not a recommendation.
ŷRobot chart signal: Hold, from the chart signal model.
MELI analysis: AI score, fair value and forecast · Is it a bull or a bear market today? · All covered stocks
ŷRobot analysis is AI-generated and quality-gated; nothing here is investment advice.