MELI resistance levels
Next resistance areas above the price
Prices above the last close where MELI made swing highs and turned lower before, nearest first.
The last close ($1856.98) sits inside an area, $1844.29 to $1858.31: 1 swing high: Jan 6, 2025 at $1851.30.
| # | Area | Above close | What happened there | Volume |
|---|---|---|---|---|
| 1 | $1890.00 to $1905.49 | +1.8% 0.6 ATR | 3 swing highs: Apr 21, 2026 at $1903.00, May 7, 2026 at $1890.00, Jul 15, 2026 at $1905.49 21 sessions traded up into it and closed below it; last traded in Oct 13, 2026 (2 sessions ago); last closed above it Sep 10, 2026. | 1.8% |
| 2 | $1938.99 to $1953.01 | +4.4% 1.5 ATR | 1 swing high: Aug 11, 2026 at $1946.00 19 sessions traded up into it and closed below it; last traded in Sep 10, 2026 (25 sessions ago); last closed above it Sep 4, 2026. | 1.8% |
| 3 | $2011.20 to $2029.99 | +8.3% 2.8 ATR | 2 swing highs: Aug 19, 2024 at $2029.99, Aug 25, 2026 at $2011.20 28 sessions traded up into it and closed below it; last traded in Sep 3, 2026 (29 sessions ago); last closed above it Feb 9, 2026. | 2.7% |
| 4 | $2058.37 to $2072.39 | +10.8% 3.6 ATR | 2 swing highs: Aug 30, 2024 at $2064.76, Sep 3, 2026 at $2066.00 33 sessions traded up into it and closed below it; last traded in Sep 3, 2026 (29 sessions ago); last closed above it Feb 3, 2026. | 2.4% |
| 5 | $2107.10 to $2122.16 | +13.5% 4.5 ATR | 4 swing highs: Oct 11, 2024 at $2107.10, Nov 6, 2024 at $2122.16, Nov 20, 2025 at $2108.00, Feb 12, 2026 at $2113.90 31 sessions traded up into it and closed below it; last traded in Feb 12, 2026 (169 sessions ago); last closed above it Feb 2, 2026. | 1.7% |
For context, not areas: 52-week high $2428.00 · 50-day average $1859.90 · 200-day average $1832.53 (averages move every day).
Built from 576 daily sessions, Jul 1, 2024 to Oct 15, 2026 (end-of-day data; our history starts Jul 1, 2024). A swing high is the highest high within 5 sessions on each side, so the last 5 sessions cannot form one yet. Swing highs within half an ATR of each other form one area (ATR $56.07, the average daily range over 14 sessions). Volume share spreads each session’s volume evenly across its high-low range, so it is an approximation.
Formula pivots by timeframe
Arithmetic on each prior period’s high, low and close. No trading took place at these prices.
| Timeframe | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Daily | $1747.92 | $1782.75 | $1810.93 | $1845.76 | $1873.94 | $1908.77 | $1936.95 |
| Weekly | $1686.07 | $1727.92 | $1808.88 | $1850.73 | $1931.69 | $1973.54 | $2054.50 |
| Monthly | $1206.94 | $1446.24 | $1587.39 | $1826.69 | $1967.84 | $2207.14 | $2348.29 |
| Yearly | $661.40 | $1184.35 | $1599.31 | $2122.26 | $2537.22 | $3060.17 | $3475.13 |
Every formula level vs the current price
| Price | Side | From |
|---|---|---|
| $661.40 | support | Yearly S3 |
| $1184.35 | support | Yearly S2 |
| $1206.94 | support | Monthly S3 |
| $1446.24 | support | Monthly S2 |
| $1495.00 | support | 52-week low |
| $1587.39 | support | Monthly S1 |
| $1599.31 | support | Yearly S1 |
| $1686.07 | support | Weekly S3 |
| $1727.92 | support | Weekly S2 |
| $1747.92 | support | Daily S3 |
| $1782.75 | support | Daily S2 |
| $1808.88 | support | Weekly S1 |
| $1810.93 | support | Daily S1 |
| $1826.69 | support | Monthly Pivot |
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MELI resistance & support FAQ
What are MELI's resistance levels?
As of Oct 15, 2026, the nearest resistance area above MELI's $1856.98 close is $1890.00 to $1905.49, 1.8% higher, where it made 3 swing highs. 15 areas sit above the close in our data; the table lists up to 25, nearest first.
How are the resistance areas found?
From the stock’s own daily trading since Jul 1, 2024, adjusted for splits. A swing high is the highest high within 5 sessions on each side; swing highs within half an average daily range (ATR) of each other form one area. Each area lists the dates it was made, how many sessions traded into it and closed below it, and the share of volume traded inside it. No score is blended from these.
Do these areas predict where price will stop?
No, and we tested it. On 136 stocks, price that reached the nearest area failed to close above it within 5 sessions 33.4% of the time (427 of 1277), against 33.3% at random bands of the same width (408 of 1227). That is no measurable difference. They describe where price turned before; they are not a forecast or a recommendation.
How are the pivots calculated?
Classic floor-trader pivots: the pivot point is the average of the prior period’s high, low and close, and the support and resistance rungs are symmetric multiples around it. They are arithmetic, so no trading took place at those prices.