Mercadolibre (MELI) Chart Patterns, Support & Resistance & Technical Analysis
Auto-detected technical analysis for MELI · data as of Jun 25, 2026. The chart above is live; the read below updates daily.
$1,619.25last close · Jun 25, 2026
MELI Bullish Pennant Pattern
No chart pattern is currently detected on MELI. The most recent was a Bullish Pennant, detected Jun 25, 2026.
A Bullish Pennant is a brief, tidy pause that typically continues the move higher. It projects a measured-move target near $1,996.14 (+22.9%). Across 13,034 backtested bullish pennants, the setup followed through 55.2% of the time, averaging +0.58R; MELI's own bullish pennants have hit 78.6%.
MELI's most recent completed Rising Wedge resolved as a win: it broke down on Feb 3, 2026 near $2,099.90, then reached its target at $1,832.55 on Feb 25, 2026 — a +1.10R move (12.7%) over 15 sessions. Across 59 backtested rising wedges, this setup wins 64.4% of the time.
OutcomeWinResult+1.10REntry$2,099.90Exit$1,832.55
How Bullish Pennants have performed
Win rate
55.2%
Avg return
+0.58R
Backtested trades
13,034
MELI win rate
78.6%
Historical pattern statistics (1986-11-26 – 2026-06-08), not a prediction.
MELI support and resistance levels
The weekly read is leaning higher. Price eased down into a floor near $1,570.38 about 2 weeks ago, and the rules still favor a move higher from here.
What started it: Price only had to touch that floor at some point during the week — it didn't need to close there.
What would call it off: Two weekly closes back below $1,560.96 — a touch below the $1,570.38 floor, the room the read is given before it's wrong.
Where it has room to go: There's room toward its measured target — the first price above where the move is likely to pause.
It's already come a long way in that direction.
Nearest auto-detected support sits near $1,512.68, resistance near $2,009.53. These are chart/swing-derived levels, not formula pivots.
Resistance
$2,009.53$2,790.29$2,808.37$3,111.46$5,652.33
Support
$1,512.68
MELI recent daily prices
Date
Open
High
Low
Close
Jun 25, 2026
$1,663.00
$1,663.35
$1,613.83
$1,619.25
Jun 24, 2026
$1,583.00
$1,684.58
$1,579.00
$1,659.57
Jun 23, 2026
$1,581.13
$1,606.74
$1,566.00
$1,583.66
Jun 22, 2026
$1,633.50
$1,635.15
$1,588.01
$1,589.45
Jun 18, 2026
$1,635.00
$1,647.67
$1,608.09
$1,635.15
Jun 17, 2026
$1,674.08
$1,702.00
$1,630.00
$1,631.82
Jun 16, 2026
$1,657.15
$1,712.00
$1,652.61
$1,674.08
Jun 15, 2026
$1,618.10
$1,673.50
$1,617.42
$1,646.36
Jun 12, 2026
$1,628.00
$1,632.86
$1,565.98
$1,589.60
Jun 11, 2026
$1,585.56
$1,623.32
$1,546.00
$1,610.00
MELI frequently asked questions
What chart pattern is MELI forming right now?
No pattern is currently detected on MELI. The most recent was a Bullish Pennant, detected Jun 25, 2026.
Is a Bullish Pennant bullish or bearish?
The Bullish Pennant detected on MELI is a bullish pattern, projecting a measured-move target of $1,996.14. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Bullish Pennant pattern, and what is its win rate?
Across TradingPal's backtest of the Bullish Pennant family (13,034 trades over 516 symbols), it resolved in the expected direction 55.2% of the time with an average of +0.58R. These are historical statistics, not a prediction.
What are the support and resistance levels for MELI?
Based on auto-detected, swing-derived levels (as of Jun 25, 2026), MELI's nearest support is around $1,512.68 and nearest resistance around $2,009.53.
What is the price target if MELI's pattern breaks out?
The detected Bullish Pennant has a geometry-based measured-move target of $1,996.14 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was MELI's closing price on Jun 25, 2026?
Mercadolibre (MELI) last closed at $1,619.25 on Jun 25, 2026. For the live quote, see the chart above or a real-time quote provider.
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.
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