MercadoLibre (MELI, $2,121.87) Moving Average Convergence Divergence (MACD) Histogram turned negative on February 28, 2025

#InternetRetail, #TechnicalAnalysis, #MACD, #Bearish, #Stocks, #LargeCap, #Nasdaq100
MELI - MercadoLibre
MACD signal
Bearish Trend
74%
Odds of DOWN Trend
Price: $2,121.87
Daily change: -$7.93 (-0.37%)
Daily volume: 457.5K
Capitalization: $107.6B
Industry: Internet Retail

This is a Bearish indicator signaling MELI's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 47 similar cases where MELI's MACD histogram became negative, and 35 of them led to successful outcomes. Odds of Success: 74%.