MercadoLibre (MELI, $2,507.83) RSI Indicator left the overbought zone on May 23, 2025

#InternetRetail, #TechnicalAnalysis, #RSI, #Bearish, #Stocks, #LargeCap, #Nasdaq100
MELI - MercadoLibre
RSI signal
Bearish Trend
68%
Odds of DOWN Trend
Price: $2,507.83
Daily change: -$94.14 (-3.62%)
Daily volume: 502.6K
Capitalization: $127.1B
Industry: Internet Retail

This is a signal that MELI's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 37 similar cases where MELI's RSI Indicator left the overbought zone, and in 25 of them led to a successful outcome. Odds of Success: 68%.