Stand aside — setup invalidated
Setup score 0, but distribution days reach 5 or more — stand aside until the condition resets.
Simple research view
MELI · MercadoLibre, Inc.
$1906.24 +1.59% Sep 10 close
Switch to Advanced for indicator panels, raw grades, provenance, drawing tools, and full technical tables.
$MELI
MercadoLibre, Inc.MercadoLibre, Inc. is a large-cap Internet Retail company in the Retail Trade sector with a market cap of $97B.
Historical verdict · setup score 0/100 · data Sep 10 close · 1 session old
Stand aside — setup invalidated
Setup score 0, but distribution days reach 5 or more — stand aside until the condition resets.
Earnings
Normal technical setup
No sourced report date
Event risk is not modelled for this symbol
Deterministic evidence
MELI+1.59%
Broad market · SPY-0.60%
Session internals Mixed
Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.
Vs prior close+1.59%
From the open+2.31%
Range position62%
GapNo gap
QQQ confirmationDiverging (-1.06%)
SMH confirmationDiverging (-2.44%)
Short-term conviction -1 points.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.
- QQQ, SMH moved against the stock — no index confirmation.
Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.
More stats
52W Low
$1495.00
Tight Wks
0
Base
B1
SMA 200
$1858.53
RS Line vs High
-33.8%
RS Line Slope
-0.1% ▼
Group Rank
#51/58
ADR%
3.3%
ATR(14)
$64.93 (3.4%)
Vol Pace (live)
N/A
U/D Vol
0.88
A/D Days
19A / 11D
A/D Rating
A+
VDU Bars
0/10 d
MELI Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Technical Analysis Report Card
$MELI · $1906.24 · as of 2026-09-10 · multi-factor read
59
/ 100
Reference read from price & volume only — the verdict at the top of the page decides the action.
Trend · Daily / Weekly / Monthly
Daily
▬ Sideways / consolidating
Weekly
▲ Uptrend
Monthly
▬ Sideways / consolidating
Moving Averages
50-day$1870.73 ↑
100-day$1779.65 ↑
200-day$1858.53 ↑
Golden Cross (fresh)
RSI (14)
Reading49.8 · Neutral
Neutral — momentum is balanced between buyers and sellers.
MACD (12/26/9)
StateWeakening
Histogram-9.287
Weakening — MACD slipped below its signal line. Histogram contracting.
Bollinger Bands (20,2)
%B / Width45% · 13.7%
Mid-band — no directional band edge in play.
Volume · Buyer vs Seller
Up/Down vol0.88 · Neutral
Rel volume1.08×
Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.
Support & Resistance
R · $1946.00swing level
R · $2011.20swing level
R · $2113.90swing level
Price · $1906.24now
S · $1766.90swing level
S · $1738.00swing level
S · $1654.24swing level
Fibonacci · Uptrend swing
23.6% ◄ price here$1931.24
38.2%$1847.88
50.0%$1780.50
61.8%$1713.12
78.6%$1617.19
Retracement support zones measured from the recent swing low up to the high.
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Weekly uptrendAbove 200-day MA50/200 bullishRS 8 (laggard)
Want this read in a legend's voice?
Ask a Legend about MELI
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts
6 methodology checks
Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
Council consensus:
3 of 6 legends are Watching — building, not yet a confirmed buy.
Avoid
Minervini C
Trend-template read: fails 150-day MA > 200-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $1926.25, MA150 $1788.69, MA200 $1859.50
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $1862.69, MA150 $1788.69, MA200 $1859.50
Failing evidence
1.2 150-day MA > 200-day MAMA150 $1788.69 vs MA200 $1859.50
1.8 RS rank ≥ 70 (prefer ≥ 85)RS rank 8
Avoid
O'Neil D
CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
Passing evidence
A: Annual earnings & revenue qualityRev +39.1%
S: Base tightness (ATR% ≤ 4.5%)ATR% 3.41%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 8
C: Quarterly EPS acceleration ≥ 25%Data unavailable
Avoid
Weinstein D
Stage-analysis read: topping (Stage 3) is not an advancing Stage 2.
Passing evidence
Price above 30-week MA (200-day proxy)Price $1926.25 vs MA200 $1859.50
Not extended from 52-week high (≤ 30% below)24.4% below 52-week high
Failing evidence
Stage 2 (Advancing phase) confirmedStage 3 (Topping)
Volume expansion above averageVolume ratio 0.85x
Watch
Livermore B
Pivotal-point read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$1926.25
Distance from 52-week high24.4% below high
Failing evidence
Relative strengthRS 8
Volume vs average0.85x
Watch
Darvas B
Box-theory read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$1926.25
Distance from 52-week high24.4% below high
Failing evidence
Relative strengthRS 8
Volume vs average0.85x
Watch
Wyckoff B
Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$1926.25
Distance from 52-week high24.4% below high
Failing evidence
Relative strengthRS 8
Volume vs average0.85x
Base & Breakout
Breakout follow-through
No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?
Latest candle: Bullish Engulfing — Today's up candle fully engulfs yesterday's down candle — a classic bullish reversal, strongest after a pullback to support.
RS Line vs SPY
52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
▼ Falling
Accumulation / Distribution
last 65 sessions · green = acc on high vol · red = dist on high vol
Net +9
Fundamentals & leadership quality — Minervini’s published criteria · 1/7 met
D
1/7 criteria
Separate score from the Minervini Trend Template (3/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ
—
Revenue growth ≥20% YoY
+39%
Gross margin ≥30%
—
ROE ≥17%
—
RS rating ≥80 (leadership)
8
Stage 2 uptrend (Weinstein)
Stage 3
Within 25% of 52W high
-25.2%
Method Playbook
Trade it like Livermore
EXACT LEVELS · PRO
Livermore B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro levelPublished-method rule: Treat the resistance break as a pivotal point only while the primary trend and relative strength remain aligned.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro levelPublished-method rule: Wait for price and volume to confirm the pivotal-point break; anticipation below the line is not confirmation.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro levelPublished-method rule: Place the initial stop below the pivotal line or the reaction low that would prove the breakout false.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-basedPublished-method rule: Raise protection beneath successive higher reaction lows as the trend advances; never move a protective line farther away.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro levelPublished-method rule: Exit when price fails the pivotal line, breaks the latest meaningful reaction low, or shows abnormal reversal action.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
The published-method workflow is public. Unlock exact pivot, entry, stop, target, and sizing with Pro →
Pattern Analysis (historical)
0
setup score
RS Score
8
Trend template
3/8
Why This Setup?
watchlist_candidate · schematic
Near-miss 4/8 — needs: sma150 above sma200, sma200 trending up, price above 30pct of 52w low, rs score above 70
The Universal Edge Check · context only
What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.
0/7
universals met
- A relative-strength leader — not met RS rank 3 — laggard
- In a confirmed uptrend — not met Stage 3 · Trend template 3/8 — no uptrend; don't bottom-fish
- Risk is defined — not met No stop — undefined risk
- Asymmetric reward — partly met No target set
- Clear of earnings — partly met Report date unknown
- Not chasing (in range) — partly met Pivot distance unknown
- Volume confirms — partly met 1.1× average — light
Minervini Trend Template
3/8Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.
Price above SMA 150 & 200
$1906.24 vs SMA150 $1786.22 / SMA200 $1858.53
SMA 150 above SMA 200
SMA150 $1786.22 vs SMA200 $1858.53
SMA 200 trending up
Slope -24.89 over 20 days
SMA 50 above SMA 150 & 200
SMA50 $1870.73
Price above SMA 50
$1906.24 vs SMA50 $1870.73
30%+ above 52-week low
+27.5% from $1495.00
Within 25% of 52-week high
-25.2% from $2548.50
RS score above 70
RS 8
Fundamentals
52W Range
39%
Mkt Cap SEC
96.6B
Rev YoY
+39%
EPS TTM
$39.40
P/E TTM
48.4x
Float
51M
Company
Company profile
MercadoLibre, Inc.
Scan History
Sep 09
watchlist_candidate
0
Sep 08
watchlist_candidate
0
-1.0%
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