Why is MELI Down Today?
Overall Confidence: 50%
Based on news, social sentiment, options activity, and sector analysis
✅ Move Confirmation
NORMAL - This move is backed by significant volume and appears sustainable.
Market Comparison
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Frequently Asked Questions
Why is MELI stock down today?
MELI is down 3.2% today. Full analysis will be available shortly.
Is MELI stock a buy or sell right now?
Based on current analysis, MELI shows 50% confidence in today's move. Volume is moderate which supports the trend. View full buy/sell analysis →
What is the MELI stock price target?
MELI is currently trading at $2147.79. Based on today's momentum, the expected short-term range is $2083.36 - $2212.22. See long-term price prediction →
Will MELI stock continue falling?
Our analysis shows a 50% probability that MELI's move continues in the next 1-3 days.
Is MELI stock oversold or overbought?
MELI's RSI (Relative Strength Index) is currently at 51.9. This shows bullish momentum - the stock has positive momentum but isn't overextended yet.
What is the momentum for MELI stock?
MELI's 10-day momentum indicator is at 48.94. Strong bullish momentum - the stock is gaining significant upward force. This often precedes continued gains.
Is MELI outperforming or underperforming the market?
MELI (-3.17%) is currently significantly underperforming the market (-2.9% vs SPY). Today, the S&P 500 (SPY) is down -0.30%, and Nasdaq (QQQ) is down -1.20%.
What does MACD indicate for MELI?
MELI's MACD (37.13) is currently above the signal line (27.82), indicating a bullish trend. This technical signal suggests buying pressure is dominant. The trend strength (ADX: 16.5) is weak.
Is MELI in an uptrend or downtrend?
Based on moving average analysis, MELI is in a bullish trend. The price ($2147.79) is trading above both the 20-day SMA ($2142.76) and 50-day SMA ($2072.11). This alignment typically indicates sustained upward momentum.
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