MELI Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis for MELI's price prediction for next week:
Technical Analysis:
The stock is currently trading at $1841.50, showing mixed technical signals:
- RSI(14) at 54.48 indicates neutral momentum
- MACD at -1.10 suggests slight bearish pressure
- Price is above SMA20 ($1781.07) but below SMA200 ($1812.69)
- Fibonacci levels show resistance at $1867.30 and support at $1746.90
News Sentiment Analysis: Recent positive catalysts:
- Morgan Stanley included MELI in their top 20 AI-driven stocks list
- Raymond James upgraded MELI to "Strong Buy" citing improving margins and fulfillment efficiencies
- Q3 2024 showed strong performance with 35% revenue growth and significant expansion in e-commerce and fintech segments
Price Prediction for Next Week: Target Levels:
- Resistance: $1867.30 (Fibonacci R1)
- Support: $1746.90 (Fibonacci S1)
Based on technical indicators and positive news sentiment, MELI is likely to test the $1867 resistance level next week. The stock has shown resilience above $1800 and continues to benefit from strong fundamental growth in Latin American e-commerce and fintech sectors.
Trading Recommendation: BUY Entry Point: Current levels ($1841.50) Target: $1867.30 (Fibonacci R1) Stop Loss: $1807.10 (Fibonacci Pivot)
The recommendation is supported by:
- Strong institutional backing with recent upgrades
- Positive momentum in core business segments
- Technical support levels providing downside protection
- Growing AI adoption potential highlighted by Morgan Stanley
The stock appears positioned for upward movement, particularly given its recent consolidation and positive analyst sentiment.
MELI Similar Chart Price Prediction
The price of MELI is predicted to go up 78.06%, based on the high correlation periods with ALDX. The similarity of these two price pattern on the periods is 92.59%.
MELI
ALDX
Up: 78.06%Similarity: 92.59%
MELI Revenue Forecast
MELI EPS Forecast
MELI FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
MELI VS S&P500
Surging digital payment adoption and increasing acceptance of online shopping should underpin a durable secular growth narrative for MercadoLibre.
The scaling of a first-party sales business allows MercadoLibre to compete more effectively during key holiday seasons, with strategic discounts of anchor products.
Consumer and small-business lending addresses a key pain point in traditional financial-service offerings while tying merchants and customers more closely to the MercadoLibre platform.
MELI Analyst's Forecast
Josh Beck
Raymond James
Buy → Strong Buy
Price Target
$2,250
Upside
+22.65%
Raymond James upgraded MercadoLibre to Strong Buy from Outperform with an unchanged price target of $2,250.
Marcelo Santos
JP Morgan
Hold
Price Target
$2,150 → $1,950
Upside
+12.13%
Scott Devitt
Wedbush
Buy
Price Target
$2,200 → $2,100
Upside
+16.7%