Selling pressure pushes MercadoLibre stock lower in today's trading

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MercadoLibre slides 2.12% today

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Jainam Mehta

24.03.2026

Selling pressure pushes MercadoLibre stock lower in today's trading — MercadoLibre slides 2.12% today

MercadoLibre Inc. (MELI) is currently trading at $1,630.71, down 2.12% for the day. The stock remains below the 20-day ($1,738.21), 50-day ($1,943.79), and 200-day ($2,189.22) simple moving averages, confirming persistent seller’s bias.

MELI price prediction

24H 0.2%

$1668.88

48H 0.11%

$1667.44

7D 1.71%

$1694.04

1M -8.22%

$1528.79

3M -15.82%

$1402.15

6M -17.93%

$1367.02

12M -34.45%

$1091.81

Detailed

Current price: $ 1665.63 27.09 1.65%

Real-time Data 11:02

Daily range 1654.15

1682.52

Weekly range 1629.98

1733.78

Highlights

MercadoLibre plans a $3.4 billion investment in Argentina for 2026, focusing on logistics, technology, and fintech growth.
The company posted 44.6% annual revenue growth and a 6.91% net margin, but shares face continued selling pressure.
MELI trades below major moving averages with bearish momentum signals, expected to range between $1,353.68 and $1,592.61 over the next week.

Revenue growth and investor inflows amid ongoing selling pressure

MercadoLibre announced a plan to invest around $3.4 billion in Argentina in 2026, marking a 30% increase over its prior annual commitment with aims toward logistics expansion, added distribution capacity, technology upgrades, and fintech division growth. Integration of artificial intelligence was expanded into its overall platform, with institutional investors increasing their holdings. The company recorded a 44.6% year-over-year revenue increase and a reported net margin of 6.91%, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees MELI's technical position as highly vulnerable. The stock trades under all major moving averages, with persistent selling and clear bearish momentum dominating each timeframe. Fundamentals, such as the $3.4 billion expansion plan and double-digit revenue growth, have failed to stem the negative sentiment or reverse price action. Institutional investment and AI integration offer little immediate support while volatility remains elevated. "Despite strong headlines, I see the risk of further downside as sellers control every key indicator and investor sentiment lacks conviction for a rebound."

Viktoras Karapetjanc, expert at Traders Union, focuses on MELI’s resilient fundamentals and long-term opportunity. He views the $3.4 billion Argentina investment as a strategic growth driver, strengthening logistics and fintech expansion in a challenging macro context. Revenue growth of 44.6% and institutional interest signal robust demand beneath the short-term volatility. Karapetjanc maintains that the bullish structure remains intact for patient investors. "I see further upside ahead — these levels offer attractive entry for those seeking exposure to MercadoLibre’s regional tech leadership."

Jainam Mehta, market strategist, notes that MELI is caught in a period of high volatility and seller-driven momentum. The technical outlook remains bearish, but short-term oscillators suggest a possible pause rather than an immediate breakdown. While the company’s expansion news may act as a sentiment wild card, price action guides caution near $1,622. "If momentum stalls and sentiment diverges, there may be an opportunity for a tactical contrarian entry within the expected range."

Bearish signals as downside momentum meets oversold conditions

MELI trades below the 20-day ($1,738.21), 50-day ($1,943.79), and 200-day ($2,189.22) SMA levels, confirming a strong seller’s bias across all timeframes. The nearest dynamic resistance is the Ichimoku Kijun at $1,839.53, while no significant Ichimoku support is seen above the current price. Momentum indicators remain bearish. MACD signals strong downside, while ADX points to active sellers but not an extreme trend. RSI at 36 and CCI at –108 show oversold territory, supported by BBP indicating continued dominance by sellers. Stoch RSI offers a modest buy rebound, but the overall signal mix is bearish. AO is neutral and does not confirm either side. The stock opened with a gap down (from $1,666.08 to $1,644.46), is trading near the day’s low ($1,622.04 – $1,647.00), and shows high volatility with continued pressure after the open. Short-term oscillators hint at a potential pause, but momentum is still weighted to the downside.

MercadoLibre was experiencing persistent selling pressure and weak technical momentum. The latest price action and technical signals reinforce this bearish outlook, making a break below $1,622 a trigger to monitor for a potential downside move toward $1,353.68 in the near term.

Source of Data: MELI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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