Trading Signals: MELI Stock Price Prediction and Forecast

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Mon. Dec. 14, 2020

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

(MercadoLibre Inc)
MELI latest price $1619.4800 (1.04%) ($1609.4000 - $1619.4800) on Mon. Dec. 14, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.25% (three month average)
RSI   71
Latest Price   $1619.4800(1.04%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.5% a day on average for past five trading days.
Weekly Trend   MELI advances 3.4% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Rotation from value to growth for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
IBUY(72%)    IPO(71%)    IWF(70%)    QQQ(70%)    IVW(69%)
Factors Impacting MELI price   MELI will decline at least -1.625% in a week (0% probabilities).
VIXM(-38%)    UUP(-21%)    VXX(-10%)    TBT(-5%)    IGOV(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.625% (StdDev 3.25%)
Hourly BBV 0.9 ()
Intraday Trend 0%

5 Day Moving Average   $1593.41(1.64%)
10 Day Moving Average   $1571.95(3.02%)
20 Day Moving Average   $1497.87(8.12%)
To recent high   0%
To recent low   65.2%
Market Cap   $80.504b

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 6.89% (three month std-dev: 3.25%) daily (68% of days).

Sample size 50 Average positive next day return: 3.08%(52%) Average negative next day return: -2.96%(48%) Sample size 50 Average positive next three day return: 3.73%(60%) Average negative next three day return: -6.07%(40%) Sample size 50 Average positive next weekly return: 6.56%(54%) Average negative next weekly return: -4.6%(46%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210114

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	Dec_14_2020	1237.39	1497.87	1571.95	1593.41	1592.42	1610.07	1619.48(1.04%)	UT	OpenLong	75	0.3	192	80	207	146	0.48	63%	0.52	76.2	3.25%	0.9	1.2	71	-0.6
2	Dec_11_2020	1231.03	1482.3	1565.12	1585.16	1592.09	1597.01	1602.83(0.75%)	UT	OpenLong	75	0.2	361	30	403	236	0.35	63%	0.51	64	3.25%	1.4	1.1	73	0.3
3	Dec_10_2020	1224.76	1467.14	1556.34	1575.96	1585.85	1574.78	1590.84(3.42%)	N/A	N/A	0	0.1	-77	-30	-116	41	0.02	63%	0.47	54.2	3.25%	0.5	1.1	76	0.9
4	Dec_9_2020	1218.99	1452.87	1545.83	1568.92	1578.04	1587.16	1538.29(-4.79%)	CR	SmallShort	-20	-0.3	-102	60	-150	44	0.62	63%	0.43	52	3.25%	-1.8	0.8	77	1
5	Dec_8_2020	1213.74	1437.87	1536.88	1565.47	1578.18	1596.93	1615.61(2.37%)	UT	HoldLong	65	0.4	616	110	688	399	0.35	62%	0.49	48	3.19%	1.7	1.5	89	1.6

6	Dec_7_2020	1207.77	1423.18	1520.26	1546.99	1552.45	1568.92	1578.24(1.38%)	UT	HoldLong	65	0.3	240	80	244	228	0.32	62%	0.52	51.3	3.3%	1.6	1.4	89	1.1
7	Dec_4_2020	1201.57	1417.09	1504.48	1542.47	1541.64	1559.43	1556.8(0.07%)	UT	HoldLong	65	0.1	384	80	409	309	0.26	62%	0.51	65.4	3.32%	0.6	1.3	83	1.2
8	Dec_3_2020	1195.49	1410.2	1486.34	1534.1	1535.82	1535.97	1555.68(2.28%)	UT	HoldLong	65	0.2	306	0	315	279	0.36	57%	0.5	73.6	3.32%	1.5	1.4	84	0.9
9	Dec_2_2020	1189.59	1397.82	1463.3	1519.56	1521.81	1523.84	1521(-0.15%)	N/A	N/A	0	0	-32	10	-79	109	0.47	57%	0.47	75.4	3.53%	-0.7	1.3	80	1
10	Dec_1_2020	1184.04	1383.55	1442.07	1502.85	1512.11	1535.67	1523.23(-2.08%)	UD	OpenLong	75	0.2	413	130	444	320	0.56	58%	0.46	67.5	3.53%	0.4	1.4	85	1

11	Nov_30_2020	1178.59	1368.18	1418.71	1488.4	1487.01	1519.78	1555.64(2.69%)	UT	OpenLong	75	0.7	589	150	654	393	0.71	58%	0.45	60.2	3.51%	0.5	1.9	69	1.1
12	Nov_27_2020	1173.33	1350.77	1392.83	1460.86	1463.81	1488.55	1514.95(2.16%)	UT	OpenLong	75	0.6	624	120	707	376	0.27	58%	0.56	50.4	3.51%	-2.4	1.8	50	1.1
13	Nov_25_2020	1166.77	1339.4	1370.26	1431.66	1439.59	1454.24	1482.97(3.17%)	UT	OpenLong	75	0.6	422	90	479	249	0.48	58%	0.41	46.6	3.49%	1.4	1.7	52	1.3
14	Nov_24_2020	1162.02	1328.4	1351.57	1398.61	1410.76	1439.07	1437.47(-0.93%)	UD	OpenLong	75	0.5	414	170	477	224	0.58	58%	0.38	37.2	3.47%	0.7	1.4	59	1.1
15	Nov_23_2020	1157.6	1320.21	1330.55	1371.21	1380.46	1424.93	1450.99(2.33%)	UT	OpenLong	75	1.1	802	250	939	389	0.64	58%	0.26	25.6	3.47%	1.4	1.8	65	1.1

16	Nov_20_2020	1154.64	1311.13	1317.19	1338.04	1344.36	1382.45	1417.91(3.57%)	UT	OpenLong	75	1.2	796	210	935	377	0.62	58%	0.38	14.3	3.46%	1.5	1.6	65	1.2
17	Nov_19_2020	1150.29	1305.24	1320.71	1315.07	1315.15	1335.99	1368.98(3.89%)	UT	OpenLong	75	0.8	473	110	551	238	0.48	57%	0.35	8.2	3.44%	1.7	1	63	1.3
18	Nov_18_2020	1146.33	1301.13	1325.96	1300.38	1302.21	1306.27	1317.68(1.32%)	UT	OpenLong	75	0.3	163	30	184	98	0.5	55%	0.29	4.4	3.41%	2.1	0.3	53	1.3
19	Nov_17_2020	1142.98	1299.99	1326.05	1297.65	1301.4	1294.32	1300.5(1.2%)	N/A	N/A	0	0	-43	-30	-59	4	0.4	56%	0.28	7.5	3.41%	0.3	0	54	1.6
20	Nov_16_2020	1139.75	1301.45	1320.63	1282.75	1302.54	1298.14	1285.11(-1.38%)	DT	OpenShort	-75	0	-54	20	-67	-16	0.43	56%	0.28	5.4	3.42%	-1.2	-0.3	52	1.6

21	Nov_13_2020	1136.61	1301.5	1315.14	1292.32	1292.46	1308.49	1303.09(0.59%)	DP	OpenShort	-75	0.2	-93	90	-113	-34	0.45	58%	0.29	14.6	3.42%	-0.5	0	54	1.5
22	Nov_12_2020	1133.27	1300.08	1307.37	1328.1	1306.16	1306.94	1295.5(-0.65%)	UD	OpenLong	75	-0.5	90	-50	98	65	0.63	58%	0.31	36	3.45%	0.2	-0.1	50	1.1
23	Nov_11_2020	1129.81	1298.4	1308.21	1356.78	1344.28	1276.43	1304.03(6.36%)	DP	OpenShort	-75	-0.8	-574	-380	-690	-226	0.7	58%	0.29	55.7	3.45%	-0.1	0.1	52	1.8
24	Nov_10_2020	1126.51	1295.31	1305.5	1359.17	1375.27	1305.39	1226.03(-8.02%)	DT	OpenShort	-75	-2.1	-1439	-320	-1708	-632	1.03	53%	0.22	64.1	3.38%	-1.5	-1.1	47	1.7
25	Nov_9_2020	1124.07	1298.06	1312.25	1360.67	1389.73	1412.13	1332.95(-10.06%)	DT	OpenShort	-75	-0.4	-144	180	-184	-25	0.96	57%		78.3	3.29%	-1.8	0.5	51	1.4
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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