MercadoLibre, Inc. — AI-powered chart analysis updated every trading day at 6 PM ET
As of May 22, 2026, MELI (MercadoLibre, Inc.) is in a bottoming attempt state on the daily timeframe with 62% confidence. The weekly chart shows a bottoming attempt pattern (63% confidence), while the monthly timeframe indicates bottoming attempt.
As of May 22, 2026, MELI (MercadoLibre, Inc.) is in a bottoming attempt state on the daily timeframe with 62% confidence. Sharp bounce from the recent swing low near $1530-$1550 into $1660s, but price remains below declining EMA50/EMA100 and under key prior breakdown zones.
On the daily chart, MELI has key support at $1530 and resistance at $1750. On the weekly chart, support sits at $1660 with resistance at $1745. The monthly timeframe shows support at $1600 and resistance at $1720.
FolioCharts provides daily, weekly, and monthly technical analysis for MELI. Each timeframe is analysed independently by AI agents using moving averages, RSI, and price action.
MELI daily charts are updated every trading day at 6 PM ET. Weekly charts refresh on Fridays and monthly charts on the last trading day of each month. Learn more about our methodology.
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