Buy signal, 4th week
MercadoLibre climbs 4.2%: buyers in control ahead of earnings
Buy signal, 4th week
Our view last week
MercadoLibre slips 0.7% this past week, with sellers slightly prevalent in the last bar and volumes contracting. The weekly picture stays bullish, even as the trend loses some conviction: ADX is easing, though MACD keeps improving. The stock still sits well below its all-time high, with wide running room per our structural distance reading. The buy signal that fired 3 weeks ago holds, and the trade is already in profit.
This week's summary
MercadoLibre closes the week up 4.2%, with buyers clearly in control — 69.9% of daily volume — and cash flow still positive. The price is pressing against the top of its weekly range, close to the 50-week moving average, while MACD keeps improving even as ADX flags a trend losing some drive. Earnings land this week, on August 5: a factor worth watching. The trade remains up 6.5% from entry, in its 4th week since the buy signal.
IQS Phase
72
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#34 / 120
US stocks in progress
Trade P&L %
+6.50%
from signal to date, no stop loss
Rank position
ranks 34th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
MELI belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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