Trading Signals: MELI Stock Price Prediction and Forecast

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Wed. Nov. 15, 2017

Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)

(MercadoLibre Inc)
MELI latest price $263.4161 (0.4%) ($257.9387 - $266.8345) on Wed. Nov. 15, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.05% (three month average)
RSI   74
Latest Price   $263.4161(0.4%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.3% a day on average for past five trading days.
Weekly Trend   MELI advances 5.9% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
IBUY(67%)    IWF(64%)    QQQ(64%)    ARKK(62%)    IVW(62%)
Factors Impacting MELI price   MELI will decline at least -1.525% in a week (0% probabilities).
VIXM(-13%)    UUP(-12%)    TLT(-5%)    SHY(-1%)    IGOV(3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.525% (StdDev 3.05%)
Hourly BBV 0 ()
Intraday Trend 1.2%

5 Day Moving Average   $265.95(-0.95%)
10 Day Moving Average   $262.93(0.18%)
20 Day Moving Average   $248.42(6.04%)
To recent high   -9.8%
To recent low   19%
Market Cap   $13.094b

MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina.

$. MELI price fluctuates within 6.74% (three month std-dev: 3.05%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20171215

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Nov_15_2017	260.02	248.42	262.93	265.95			263.42(0.4%)	UT	OpenLong	75	-0.2	31	-10000	2	116	0.36	55%	0.03	42.6	3.05%	0	0.9	74	0
2	Nov_14_2017	259.94	247.3	260.7	265.27			262.37(-1.72%)	UD	OpenLong	65	-0.2	31	-10000	-2	129	0.38	55%	-0.02	33.2	3.05%	0	0.9	77	0
3	Nov_13_2017	259.99	245.88	258.66	265.89			266.95(-1.4%)	UT	HoldLong	50	0.1	37	-10000	-1	149	0.5	55%	-0.03	24.1	3.04%	0	1.3	76	0
4	Nov_10_2017	260.07	244.12	255.53	266.18			270.74(1.67%)	UT	HoldLong	65	0.3	42	-10000	2	163	0.84	51%	-0.02	15.1	3.06%	0	1.7	77	0
5	Nov_9_2017	260.11	242.65	252.04	265.48			266.28(2.43%)	UT	OpenLong	75	0.1	52	-10000	15	164	1.24	51%	-0.04	7.6	3.2%	0	1.7	67	0

6	Nov_8_2017	260.22	241.48	248.34	259.4			259.98(-2.08%)	UD	OpenLong	75	0	41	-10000	10	133	0.56	51%	-0.04	-11.2	3.19%	0	1.2	64	0
7	Nov_7_2017	260.33	241.92	244.59	255.19			265.51(-1.08%)	UD	OpenLong	75	0.6	36	-10000	13	103	0.61	51%	-0.03	-14.9	3.18%	0	1.5	62	0
8	Nov_6_2017	260.41	242.01	240.49	250.12			268.4(0.44%)	UT	OpenLong	75	1.1	32	-10000	17	76	0.77	51%	0.02	-20.9	3.19%	0	1.6	67	0
9	Nov_3_2017	260.36	241.78	236.06	243.32			267.22(13.28%)	UT	OpenLong	75	1.5	21	-10000	15	38	2.94	45%	0.02	-30.7	3.46%	0	1.6	68	0
10	Nov_2_2017	260.31	241.57	232.51	237.06			235.89(-1.26%)	UD	OpenLong	75	-0.1	4	-10000	4	2	1.01	36%	-0.11	-38.2	3.05%	0	-0.3	43	0

11	Nov_1_2017	260.6	243.18	232.43	235.67			238.91(-0.54%)	N/A	N/A	0	0.2	5	-10000	10	-10	0.69	36%	-0.13	-37.8	3.05%	0	-0.3	44	0
12	Oct_31_2017	260.94	244.34	232.59	232.16			240.2(2.48%)	DP	OpenShort	-65	0.5	-6	-10000	9	-50	0.44	36%	-0.12	-43.3	3.05%	0	-0.2	31	0
13	Oct_30_2017	261.25	245.47	231.93	229.19			234.39(-0.66%)	DP	OpenShort	-65	0.3	-20	-10000	5	-94	0.69	36%	-0.15	-48.5	3.03%	0	-0.6	28	0
14	Oct_27_2017	261.65	246.91	231.74	227.56			235.94(3.08%)	DP	OpenShort	-75	0.5	-33	-10000	0	-131	0.87	36%	-0.2	-53.1	3.03%	0	-0.6	31	0
15	Oct_26_2017	262.18	248.07	232.45	227.5			228.89(3.38%)	DP	OpenShort	-75	0.1	-41	-10000	-4	-152	1.05	33%	-0.21	-58.6	3%	0	-1.1	27	0

16	Oct_25_2017	262.74	249.76	234.09	228.89			221.41(-1.73%)	DT	HoldShort	-65	-0.4	-51	-10000	-12	-168	0.86	30%	-0.22	-62.7	2.99%	0	-1.6	20	0
17	Oct_24_2017	263.33	252.13	239.15	233.07			225.31(-0.41%)	DT	OpenShort	-75	-0.5	-39	-10000	-5	-142	1.1	30%	-0.2	-66.5	2.98%	0	-1.6	28	0
18	Oct_23_2017	263.86	254.39	243.81	234.95			226.24(-3.98%)	DT	OpenShort	-75	-0.6	-35	-10000	-4	-129	1.24	30%	-0.21	-73.6	2.98%	0	-1.8	28	0
19	Oct_20_2017	264.41	256.67	248.14	236.27			235.62(-0.11%)	DT	OpenShort	-75	-0	-34	-10000	-5	-121	0.78	32%	-0.17	-81.3	2.95%	0	-1.4	32	0
20	Oct_19_2017	264.85	258.86	251.42	238.11			235.89(-2.64%)	DT	OpenShort	-75	-0.2	-32	-10000	-6	-109	0.86	32%	-0.15	-80.6	2.95%	0	-1.6	37	0

21	Oct_18_2017	265.25	261.16	254.86	240.16			242.3(3.25%)	DP	OpenShort	-75	0.1	-39	-10000	-18	-101	1.23	32%	-0.14	-78.6	2.94%	0	-1.3	39	0
22	Oct_17_2017	265.62	263.51	257.08	246.57			234.68(0.77%)	DP	OpenShort	-75	-0.8	-36	-10000	-21	-80	1.1	28%	-0.12	-67.7	2.91%	0	-1.9	29	0
23	Oct_16_2017	265.94	266.3	260.26	254.34			232.89(-4.86%)	DT	OpenShort	-75	-1.5	-27	-10000	-19	-50	2.24	28%	-0.2	-58.3	2.91%	0	-2.4	26	0
24	Oct_13_2017	266.48	269.2	263.63	261.72			244.78(-0.55%)	DT	OpenShort	-75	-1.4	-15	-10000	-13	-21	1.31	30%	-0.18	-51.6	2.86%	0	-2	31	0
25	Oct_12_2017	266.97	271.16	265.31	266.5			246.14(-10.28%)	DT	OpenShort	-75	-1.8	-13	-10000	-12	-15	3.16	35%		-36.1	2.86%	0	-2.2	26	0
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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