Mercadolibre(MELI)

Mercadolibre (MELI) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for MELI · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$1,799.21last close · Jul 22, 202652-week range $1,495.00 – $2,548.50 · 29.4% below the high

Symmetrical Triangle · playing out now

MELI just broke higher out of a symmetrical triangle — a brief, tidy pause inside a strong run. That's usually a breather before another push up.

On this chart, setups like it have followed through about 83% of the time.

As long as price stays above $1566, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $1996 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

MELI Triangle Pattern

MELI is currently forming a triangle on the daily timeframe. Detected Jul 22, 2026.

DirectionBullishTarget$1,996.14Projected move+22.9%Breakout level$1,651.04

New to this pattern? What a triangle is and how to trade it →

How Triangles Have Performed

Win rate

53.5%

Avg return

+0.37R

Backtested trades

17,276

MELI win rate

85.7%

Historical pattern statistics (1986-12-19 – 2026-07-16), not a prediction.

How these backtests work →

MELI Pattern Trade History

Every completed pattern trade our nightly backtest found on MELI's daily chart, newest first — wins and losses alike.

Pattern	Entry	Exit	Outcome	Result
Falling Wedge	Jan 2, 2026 @ $2,027.55	Feb 23, 2026 @ $1,864.46	Loss	+19.7% · -2.78R
Bullish Pennant	Apr 15, 2025 @ $2,104.32	May 23, 2025 @ $2,507.83	Win	+28.5% · +1.06R
Triangle	May 18, 2023 @ $1,327.60	Jun 16, 2023 @ $1,194.74	Loss	+8.4% · -1.01R
Triangle	Mar 31, 2023 @ $1,273.88	Jun 26, 2023 @ $1,155.51	Loss	+14.9% · -1.08R
Triangle	Jan 6, 2023 @ $863.72	Feb 6, 2023 @ $1,175.44	Win	+11.9% · +6.51R
Triangle	Nov 3, 2022 @ $904.32	Feb 6, 2023 @ $1,175.44	Win	+45.2% · +2.42R
Falling Wedge	Oct 31, 2022 @ $886.41	Feb 6, 2023 @ $1,175.44	Win	+26.4% · +3.08R
Triangle	Jul 18, 2022 @ $700.20	Aug 17, 2022 @ $997.90	Win	+32.5% · +3.52R
Rising Wedge	Dec 7, 2020 @ $1,576.90	Jan 26, 2021 @ $1,807.74	Win	+21.0% · +0.65R
Bullish Pennant	Dec 20, 2019 @ $592.54	Jan 23, 2020 @ $663.33	Win	+7.7% · +1.93R
Falling Wedge	Oct 1, 2019 @ $552.53	Oct 8, 2019 @ $525.63	Loss	+20.5% · -1.31R
Rising Wedge	Jul 15, 2019 @ $641.72	Aug 8, 2019 @ $688.10	Loss	+18.8% · -2.45R

Recent Triangles on Other Charts

TDGstopped −5.9%Jul 22, 2026 XLEstopped −4.7%Jul 22, 2026 AONhit target +9.3%Jul 21, 2026 EOGstopped −4.8%Jul 21, 2026

Learn about triangle

MELI Support and Resistance Levels

Price found a floor near $1,651.39 about 3 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $2,399.07 — still about 33% away.

Traders commonly watch $2,399.07 as a target (its 78.6% extension) — think of it as a sensible next stop, not a guarantee.
That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $1,651.39 floor about 3 weeks ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

MELI Recent Daily Prices

Date	Open	High	Low	Close
Jul 22, 2026	$1,818.09	$1,818.09	$1,773.68	$1,799.21
Jul 21, 2026	$1,840.00	$1,840.00	$1,797.96	$1,822.65
Jul 20, 2026	$1,819.39	$1,863.20	$1,805.00	$1,832.42
Jul 17, 2026	$1,827.13	$1,833.26	$1,789.00	$1,813.91
Jul 16, 2026	$1,862.82	$1,883.36	$1,840.00	$1,857.42
Jul 15, 2026	$1,873.00	$1,905.49	$1,819.67	$1,843.19
Jul 14, 2026	$1,851.39	$1,896.00	$1,842.04	$1,873.88
Jul 13, 2026	$1,856.64	$1,897.26	$1,855.00	$1,867.30
Jul 10, 2026	$1,823.74	$1,884.06	$1,810.00	$1,852.22
Jul 9, 2026	$1,777.19	$1,809.38	$1,760.90	$1,807.83

MELI Frequently Asked Questions

What chart pattern is MELI forming right now?

As of Jul 22, 2026, TradingPal's detector identifies a triangle on Mercadolibre (MELI) on the daily chart, with a measured-move target of $1,996.14.

Is a triangle bullish or bearish?

The triangle 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 triangle pattern, and what is its win rate?

Across TradingPal's backtest of the triangle family (17,276 trades over 628 symbols), it resolved in the expected direction 53.5% of the time with an average of +0.37R. These are historical statistics, not a prediction.

What is the price target if MELI's pattern breaks out?

The detected triangle 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 Jul 22, 2026?

Mercadolibre (MELI) last closed at $1,799.21 on Jul 22, 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.