MELI

MercadoLibre exhibits a sustained bullish trend over the 2-week timeframe with strong technical and fundamental support. The 49% revenue growth, particularly driven by Brazil's 56% increase and logistics improvements, provides compelling fundamental justification for continued appreciation. Price target of 1945 represents 3.1% upside with moderate-to-high confidence. The stock's position above both key moving averages and positive MACD signal suggest the uptrend remains intact, though valuation metrics warrant selective entry strategies.

• Medium-term trend remains strongly bullish with price above both 20-day and 50-day SMAs
• Strong fundamental support from 49% revenue growth and improving unit economics
• MACD remains positive with strong histogram suggesting sustained momentum
• Support level at 1679.20 (50-day SMA) provides solid foundation for continued uptrend
• Valuation concerns (PEG 2.06) offset by exceptional growth metrics and market opportunity

• PEG ratio of 2.06 suggests stock may be pricing in significant future growth
• Debt-to-equity ratio of 1.36 indicates moderate leverage that could impact flexibility
• Potential for consolidation after strong recent rally
• Market sentiment could shift if growth rates decelerate

Actionable Items

• Build positions on dips toward 1839.86 (20-day SMA) support
• Target 1945 resistance for medium-term price objective
• Monitor quarterly earnings for confirmation of growth trajectory
• Watch for support hold at 1679.20 (50-day SMA) as key technical level

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