Trading Signals: MELI Stock Price Prediction and Forecast

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Sat. Jan. 11, 2020

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

(MercadoLibre Inc)
MELI latest price $669.8250 (3.66%) ($669.8250 - $669.8250) on Sat. Jan. 11, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.08% (three month average)
RSI   78
Latest Price   $669.8250(3.66%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 2% a day on average for past five trading days.
Weekly Trend   MELI advances 4% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
(0%)    (0%)    (0%)    (0%)    (0%)
Factors Impacting MELI price   MELI will decline at least -1.04% in a week (0% probabilities).
(0%)    (0%)    (0%)    (0%)    (0%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.04% (StdDev 2.08%)
Hourly BBV 0 ()
Intraday Trend 0%

5 Day Moving Average   $636.24(5.28%)
10 Day Moving Average   $617.13(8.54%)
20 Day Moving Average   $601.94(11.28%)
To recent high   0%
To recent low   38.7%
Market Cap   $N/A

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 4.22% (three month std-dev: 2.08%) daily (68% of days).

Sample size 34 Average positive next day return: 1.92%(41%) Average negative next day return: -1.77%(59%) Sample size 34 Average positive next three day return: 3.49%(35%) Average negative next three day return: -2.94%(65%) Sample size 34 Average positive next weekly return: 2.55%(38%) Average negative next weekly return: -3.37%(62%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200211

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	Jan_10_2020	562.77	601.94	617.13	636.24	641.1	654.06	669.83(3.66%)	UT	HoldLong	65	1.3	514	160	571	342	0.68	63%	0.09	58.1	2.08%	1.8	2.7	78	1.4
2	Jan_9_2020	562.24	597.15	609.36	623.98	626.67	639.75	646.19(2.07%)	UT	OpenLong	75	1.1	396	160	439	267	0.43	60%	0.03	57.3	2.04%	1.1	2.4	75	1.4
3	Jan_8_2020	562.07	593.91	603.83	616.91	616.92	628.13	633.06(1.28%)	UT	OpenLong	75	1	420	130	471	267	0.33	54%	0.04	60.6	2.04%	1.1	2.3	70	0.7
4	Jan_7_2020	561.85	591.29	599.64	604.8	610.48	613.58	625.09(2.98%)	UT	OpenLong	75	1.5	325	60	368	196	0.48	54%	0.04	50	2.12%	1.8	2.4	69	0.6
5	Jan_6_2020	561.63	589.03	596.14	596.5	598.54	605.71	607.01(-0.25%)	UD	OpenLong	75	0.9	33	90	27	50	0.21	51%	-0.03	42.1	2.1%	-0.2	1.6	70	0.6

6	Jan_3_2020	561.81	587.54	593.66	594.9	594.05	607.37	608.53(-0.38%)	UD	OpenLong	75	1.3	352	150	403	198	0.32	51%	-0.01	36.3	2.1%	0.7	2	62	0.5
7	Jan_2_2020	561.86	585.81	590.89	592.56	592.8	591.36	610.85(6.69%)	UT	OpenLong	75	1.9	263	-20	300	152	0.59	51%	-0.16	30.3	2.12%	1.4	2.6	63	1.3
8	Dec_31_2019	562.74	583.93	588.18	589.21	589.68	580.72	572.53(-1.9%)	DT	OpenShort	-75	-2.1	-364	-100	-435	-149	0.45	43%	-0.09	18.8	1.96%	-1.3	-1.4	43	0.9
9	Dec_30_2019	563.26	584.38	589.36	593.48	595.1	594.23	583.6(-2.57%)	DT	OpenShort	-75	-1.3	-126	-0	-159	-26	0.33	43%	-0.19	45	1.95%	-1.9	-0.1	50	0.4
10	Dec_27_2019	564.34	584.26	588.1	595.27	597.72	598.74	598.99(0.37%)	UT	OpenLong	75	0.5	132	20	144	94	0.31	46%	-0.16	62.1	1.92%	0.4	1.9	62	0.9

11	Dec_26_2019	565.25	583.66	586.1	591.92	593.11	596.2	596.81(0.45%)	UT	OpenLong	75	0.7	57	40	59	52	0.18	46%	-0.1	81.8	1.93%	0.4	1.9	64	1.2
12	Dec_24_2019	565.79	582.92	584.33	588.86	589.22	596.46	594.11(0.04%)	UT	OpenLong	75	0.8	165	90	188	97	0.11	46%	0.04	113	1.94%	-2.4	1.8	65	1.3
13	Dec_23_2019	565.58	582.41	583.4	587.16	586.89	590.67	593.88(0.22%)	UT	OpenLong	75	1.2	213	40	244	120	0.26	46%	-0.04	158	1.95%	1	2	65	1.2
14	Dec_20_2019	565.79	580.98	582.31	584.75	583.38	583.43	592.56(1.77%)	UT	OpenLong	75	1.2	38	-10	39	33	0.55	46%	-0.06	145.5	1.96%	2.4	1.8	59	1.5
15	Dec_19_2019	566.13	579.5	581.22	579.89	581.92	583.11	582.25(0.13%)	UT	OpenLong	75	0.3	24	20	27	16	0.56	46%	-0.07	132.5	1.95%	-0.5	0.4	51	1.8

16	Dec_18_2019	566.53	577.92	580.85	579.35	579.85	583.33	581.5(-0.7%)	UD	OpenLong	75	0.2	63	40	74	28	0.46	46%	-0.09	110.1	1.96%	0.1	0.4	43	1.7
17	Dec_17_2019	567.06	575.87	580.26	579.03	579.38	580.72	585.6(0.64%)	UT	OpenLong	75	0.5	110	20	131	45	0.25	46%	-0.12	94.8	1.96%	1.3	0.7	51	2.1
18	Dec_16_2019	567.74	573.36	579.19	579.17	578.03	576.37	581.86(2.39%)	DP	OpenShort	-75	0.2	-63	-30	-70	-40	0.38	46%	-0.13	89.2	1.96%	0.8	0.5	47	2.2
19	Dec_13_2019	568.48	571.83	578.94	579.68	579.77	578.04	568.26(-1.94%)	DT	OpenShort	-75	-0.7	-84	-20	-98	-43	0.63	42%	-0.15	103.8	1.96%	-1.9	-0.2	56	2.2
20	Dec_12_2019	569.33	570.45	580.31	582.63	583.08	579.7	579.53(-0.07%)	DT	OpenShort	-75	-0.2	-46	-40	-58	-9	0.37	42%	-0.14	112.5	1.95%	-0.4	0.5	66	1.6

21	Dec_11_2019	570.14	567.39	581.22	582.39	583.88	581.51	579.91(-1.09%)	DT	OpenShort	-75	-0.1	-97	-20	-124	-16	0.46	42%	-0.1	101.8	1.97%	-0.9	0.6	73	0.3
22	Dec_10_2019	570.7	563.64	581.57	581.44	583.8	586.5	586.3(0.33%)	UT	HoldLong	65	0.2	31	40	20	62	0.31	39%	-0.09	88.2	1.98%	-0.3	0.9	82	-0.1
23	Dec_9_2019	571.2	559.42	581.4	579.19	583.23	586.22	584.4(0.24%)	UT	HoldLong	65	0.2	153	60	158	136	0.36	35%	-0.08	80	2.03%	0.3	0.9	83	-0.2
24	Dec_6_2019	571.63	555.1	579.56	578.25	581.13	581.13	583(0.81%)	UT	OpenLong	75	0.2	20	10	1	77	0.32	35%	-0.12	74.4	2.11%	0	0.9	66	1.1