Is MercadoLibre, Inc. technically bullish or bearish?
As of April 22, 2025, the trend is bullish with strong indicators like MACD and moving averages supporting this view, although caution is advised due to a bearish monthly RSI.
As of 22 April 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, while the moving averages on the daily chart also indicate a bullish trend. The Bollinger Bands are bullish on the weekly and mildly bullish on the monthly, further reinforcing the positive outlook. However, the monthly RSI shows bearish conditions, which suggests some caution. Overall, the strength of the bullish trend is supported by the KST and OBV, both of which are bullish on the weekly and monthly charts.
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