Trading Signals: MELI Stock Price Prediction and Forecast

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Fri. Dec. 25, 2020

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

(MercadoLibre Inc)
MELI latest price $1689.7200 (1.15%) ($1663.9200 - $1689.7200) on Fri. Dec. 25, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.19% (three month average)
RSI   66
Latest Price   $1689.7200(1.15%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.1% a day on average for past five trading days.
Weekly Trend   MELI advances 3.9% 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 -1.595% 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   -1.595% (StdDev 3.19%)
Hourly BBV 0 ()
Intraday Trend 0%

5 Day Moving Average   $1703.35(-0.8%)
10 Day Moving Average   $1676.87(0.77%)
20 Day Moving Average   $1619.16(4.36%)
To recent high   -2.5%
To recent low   59.2%
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 4.29% (three month std-dev: 3.19%) daily (68% of days).

Sample size 10 Average positive next day return: 1.94%(50%) Average negative next day return: -1.21%(50%) Sample size 10 Average positive next three day return: 2.12%(60%) Average negative next three day return: -3.26%(40%) Sample size 10 Average positive next weekly return: 4.62%(70%) Average negative next weekly return: -4.44%(30%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210125

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_24_2020	1283.2	1619.16	1676.87	1703.35	1696.51	1676.49	1689.72(1.15%)	DP	OpenShort	-75	-0.2	-368	-90	-455	-108	0.13	61%	0.37	100.7	3.19%	-2.4	1	66	1.3
2	Dec_23_2020	1278.49	1609.08	1667.64	1701.03	1703.6	1701.35	1670.53(-3.6%)	DT	OpenShort	-75	-0.4	-210	-0	-270	-30	0.34	58%	0.39	107.1	3.19%	-1.8	0.8	65	0.5
3	Dec_22_2020	1273.48	1597.92	1655.61	1700.24	1707.07	1716.54	1732.98(1.93%)	UT	HoldLong	65	0.4	300	50	329	213	0.29	63%	0.45	107.4	3.19%	1.8	1.7	76	-0.7
4	Dec_21_2020	1267.81	1583.76	1643.25	1687.09	1690.47	1705.85	1700.09(-1.35%)	UD	OpenLong	75	0.2	217	70	230	177	0.35	63%	0.46	115.3	3.22%	0.8	1.5	74	-1.6
5	Dec_18_2020	1261.97	1569.79	1630.96	1670.97	1680.17	1697.61	1723.41(2.7%)	UT	OpenLong	75	0.6	514	90	581	311	0.53	63%	0.5	114.3	3.21%	2.4	1.9	70	1.2

6	Dec_17_2020	1255.74	1552.18	1613.85	1646.85	1656.51	1675.08	1678.14(0.69%)	UT	OpenLong	75	0.4	347	100	388	224	0.32	63%	0.48	108.2	3.2%	0.9	1.5	71	1.6
7	Dec_16_2020	1249.76	1534.6	1601.34	1629.39	1636.4	1662.74	1666.56(-0.04%)	UD	OpenLong	75	0.4	501	130	570	295	0.45	63%	0.51	94.5	3.23%	0.9	1.4	73	1.5
8	Dec_15_2020	1243.45	1516.7	1586.75	1603.74	1617.47	1637.94	1667.24(2.95%)	UT	HoldLong	65	0.6	579	110	664	325	0.53	63%	0.49	84.4	3.25%	1.5	1.5	76	0.8
9	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
10	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

11	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
12	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
13	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
14	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
15	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

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		8.2	3.44%	1.7	1	63	1.3
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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