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.
$1668.72 -7.81% Oct 26 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 $85B.
Market Structure
Trend structure: range
Latest event: structure_shift
(bearish)
Resistance
1890.00–1905.49
· 7 touches · strong
Resistance
2028.21–2039.76
· 3 touches · moderate
Resistance
1733.78–1741.64
· 3 touches · moderate
Resistance
1752.26–1766.05
· 3 touches · moderate
Momentum Turn Watch
Weekly Bullish MACD Divergence
Price made a lower low ($1801.44→$1696.56) while MACD made a higher low (-43.34→-5.27). Treat it as early momentum evidence until price confirms a turn.
Early technical context only. Wait for price, volume, and the canonical setup trigger to confirm; this signal does not change readiness or the setup score.
Historical verdict · setup score 0/100 · data Oct 26 close · latest session
Stand aside — setup invalidated
Setup score 0, but distribution days reach 5 or more — stand aside until the condition resets.
Recent price action · daily
What would change this verdict
What needs to turn for this to become buyable — the top failing checks across the legend council:
- Minervini 1.1 Price > 150-day MA AND 200-day MA — Price $1668.72, MA150 $1782.28, MA200 $1822.65
- Minervini 1.2 150-day MA > 200-day MA — MA150 $1782.28 vs MA200 $1822.65
- O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 33
- O'Neil C: Quarterly EPS acceleration ≥ 25%
- Weinstein Price above 30-week MA (200-day proxy) — Price $1668.72 vs MA200 $1822.65
- Weinstein Not extended from 52-week high (≤ 30% below) — 31.3% below 52-week high
Minority view — the council disagrees here
- Minervini: avoid Trend-template read: fails Price > 150-day MA AND 200-day MA.
- O'Neil: avoid CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
- Weinstein: watch Stage-analysis read: Stage 2 is present; 4 supporting checks need improvement.
46
Weak
Legend Score · rates the stock
Weak (46/100) — held back by quality (smr-like)
Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.
- Relative Strength (25%) 33
- Trend Template (25%) 50
- Institutional Footprint (20%) 68
- EPS Growth (15%) 50
- Quality (SMR-like) (15%) 31
RS rank 33: lagging the market — leaders don't look like this. Trend template 4/8: mixed — some uptrend elements, some missing. Institutional score 68: mild accumulation. No recent earnings growth data — scored neutral. Quality 31: weak fundamentals (sales growth 31). Updated 2026-10-21.
Earnings
Pre-earnings setup
Next earnings
Wednesday, November 4, 2026
Report time not confirmed by the source
Deterministic evidence
MELI-7.81%
Sector proxy · XLY+1.03%
Broad market · SPY+0.71%
CatalystPending
Stock reactionNegative
Sector reactionSupportive
Opening surgePending
Event riskEarnings-driven
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-7.81%
From the open+5.73%
Range position97%
GapFaded
QQQ confirmationDiverging (+1.11%)
SMH confirmationDiverging (+2.74%)
Short-term conviction -2 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.
- A sourced earnings report is still pending inside the risk window; ordinary technical conviction is reduced until it is out.
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
$1822.65
RS Line vs High
-29.6%
RS Line Slope
+4.3% ▲
ADR%
2.9%
ATR(14)
$60.68 (3.6%)
Vol Pace (live)
N/A
A/D Days
8A / 10D
A/D Rating
D
VDU Bars
0/10 d
Earnings
in 8d
MELI Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Technical Analysis Report Card
$MELI · $1668.72 · as of 2026-10-26 · multi-factor read
10
/ 100
Reference read from price & volume only — the verdict at the top of the page decides the action.
Trend · Daily / Weekly / Monthly
Daily
▼ Downtrend
Weekly
▼ Weak / rolling over
Monthly
▼ Weak / rolling over
Moving Averages
50-day$1855.81 ↓
100-day$1810.09 ↓
200-day$1822.65 ↓
Bullish (50 > 200)
RSI (14)
Reading32.5 · Bearish
Bearish momentum — sellers in control.
MACD (12/26/9)
StateBearish
Histogram-10.683
Bearish — MACD below its signal line and below zero. Histogram contracting.
Bollinger Bands (20,2)
%B / Width-1% · 16.1%
Piercing the lower band — capitulation or strong selling.
Volume · Buyer vs Seller
Up/Down vol1.8 · Accumulation
Rel volume4.32×
Pocket pivots · 10d0
5d vs 50d vol155%
Heavy vol up / down1 / 1
Accumulation — volume is concentrated on up days; buyers dominate. Recent volume is expanding versus its baseline.
- 1 heavy-volume up day vs 1 down in the last 20 sessions.
Support & Resistance
R · $1712.00swing level
R · $1733.78swing level
R · $1900.99swing level
Price · $1668.72now
S · $1566.00swing level
S · $1546.00swing level
S · $1495.0052-week low
Fibonacci · Uptrend swing
23.6%$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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Daily downtrendWeekly downtrendMonthly downtrendBelow 200-day MA50/200 bullishVolume accumulation
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.
How to read the numbers: the setup score (0/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.
Council consensus:
6 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini
Avoid
D
Trend-template read: fails Price > 150-day MA AND 200-day MA.
Passing evidence
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $1855.81, MA150 $1782.28, MA200 $1822.65
Stage 2 confirmed (Weinstein cross-check)Stage 2
Failing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $1668.72, MA150 $1782.28, MA200 $1822.65
1.2 150-day MA > 200-day MAMA150 $1782.28 vs MA200 $1822.65
O'Neil
Avoid
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% 3.64%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 33
C: Quarterly EPS acceleration ≥ 25%Data unavailable
Weinstein
Watch
D
Stage-analysis read: Stage 2 is present; 4 supporting checks need improvement.
partialStage 2 uptrend in progress — hold as long as price stays above the 30-week moving average.
Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Volume expansion above averageVolume ratio 4.32x
Failing evidence
Price above 30-week MA (200-day proxy)Price $1668.72 vs MA200 $1822.65
Not extended from 52-week high (≤ 30% below)31.3% below 52-week high
dennis
Watch
B
Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.
Passing evidence
No breakdown below the 20-day channel20-day low $1,668.44
Volatility-unit sizing (1N ≈ 1% of equity)1N = $64.28 (3.85% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
zanger
Avoid
C
Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $1,919.03-$2,002.46; trail the rest
Trail on the 10/20-day MA10-day MA $1,828.41 · 20-day MA $1,817.47 — exit the remainder on a close below the trail
Failing evidence
Named Zanger pattern onlywatchlist_candidate is not one of Zanger's six
Not extended (≤5% above the breakout point)Data unavailable
zweig
Watch
D
Zweig read: part of his screen passes but not all: Reasonable price for the growth (P/E ≤ 35); Insider buying; Price strength (RS ≥ 70) — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Breadth momentum: 10-day A/D ratio10-day A/D 1.18 (2050 adv / 1742 dec) — participation expanding
4% Model (breadth proxy)61% of universe above 50-day — broad strength (adapted from Ned Davis 4% Model)
Failing evidence
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 42.4x — no PEG or forward P/E stored
Insider buyingNo insider buying flagged
Livermore
Watch
B
Pivotal-point read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$1668.72
Volume vs average4.32x
Failing evidence
Relative strengthRS 33
Distance from 52-week high31.3% below high
Darvas
Watch
B
Box-theory read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$1668.72
Volume vs average4.32x
Failing evidence
Relative strengthRS 33
Distance from 52-week high31.3% below high
Wyckoff
Watch
B
Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$1668.72
Volume vs average4.32x
Failing evidence
Relative strengthRS 33
Distance from 52-week high31.3% below high
Base & Breakout
Breakout follow-through
No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?
RS Line vs SPY
52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
▲ Rising
Accumulation / Distribution
last 65 sessions · green = acc on high vol · red = dist on high vol
Net +0
Fundamentals & leadership quality — Minervini’s published criteria · 1/7 met
D
1/7 criteria
Separate score from the Minervini Trend Template (1/8): 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)
33
Stage 2 uptrend (Weinstein)
Stage 1
Within 25% of 52W high
-31.3%
Method Playbook
Trade it like Dennis
EXACT LEVELS · PRO
Dennis 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: Use the 20-day channel high (System 1) or 55-day channel high (System 2) as the breakout trigger.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro levelPublished-method rule: Buy the breakout print mechanically — no prediction, no hesitation, no chasing below the channel high.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro levelPublished-method rule: Place the stop at 2N (N = 20-day ATR) below entry, set before the trade and never moved except up on winners.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-basedPublished-method rule: Add at 0.5N intervals up to 4 units; trail the stop beneath each new add level, never loosen it.
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 System 1 at the 10-day low and System 2 at the 20-day low — the exit is part of the system, not a decision.
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 →
Forming Patterns (predictive — not confirmed)
Head & Shoulders
bearish
forming
75%
built
Possible head & shoulders top — not confirmed. Watch for a daily close below ~1480.99 (neckline) to confirm, with measured-move risk toward ~895.97. A push back above 1924.60 weakens the pattern; reclaiming 2066.00 invalidates it.
Confirms below
1480.99
Invalidates at
2066.00
Left Shoulder
2011.20
Head
2066.00
Right Shoulder
1924.60
Neckline
1480.99
Target
895.97
LS 2011.20 / head 2066.00 / RS 1924.60, neckline ~1480.99, vol_fading=no
Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.
Pattern Analysis (historical)
0
setup score
RS Score
33
Trend template
1/8
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.
1/7
universals met
- A relative-strength leader — not met RS rank 2 — laggard
- In a confirmed uptrend — not met Stage 1 · Trend template 1/8 — 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 in 8 days — size down
- Not chasing (in range) — partly met Pivot distance unknown
- Volume confirms — met 0.9× average
Minervini Trend Template
1/8Grades 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
$1668.72 vs SMA150 $1782.28 / SMA200 $1822.65
SMA 150 above SMA 200
SMA150 $1782.28 vs SMA200 $1822.65
SMA 200 trending up
Slope -20.65 over 20 days
SMA 50 above SMA 150 & 200
SMA50 $1855.81
Price above SMA 50
$1668.72 vs SMA50 $1855.81
30%+ above 52-week low
+11.6% from $1495.00
Within 25% of 52-week high
-31.3% from $2428.00
RS score above 70
RS 33
Fundamentals
52W Range
19%
Mkt Cap SEC
84.6B
Rev YoY
+39%
EPS TTM
$39.40
P/E TTM
42.4x
Float
51M
Insider
No Buy
Company
Company profile
MercadoLibre, Inc.
Scan History
Oct 21
watchlist_candidate
0
Oct 14
watchlist_candidate
0
-9.3%
Oct 13
watchlist_candidate
0
-11.1%
Oct 12
watchlist_candidate
0
-11.8%
Latest News
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