MELI Stock MercadoLibre (MELI, $1,623.26) Moving Average Convergence Divergence (MACD) Histogram turned negative on July 18, 2024

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07/19/24

MELI - MercadoLibre

MACD signal

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Odds of DOWN Trend

Price: $1,623.26

Daily change: -$46.83 (-2.8%)

Daily volume: 269.9K

Capitalization: $82.3B

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 46 similar cases where MELI's MACD histogram became negative, and of them led to successful outcomes. Odds of Success:

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