Trading Signals: MELI Stock Price Prediction and Forecast

^ MELI: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Wed. Jan. 6, 2021

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

(MercadoLibre Inc)
MELI latest price $1568.4500 (-5.01%) ($1566.8000 - $1568.4500) on Wed. Jan. 6, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.27% (three month average)
RSI   41
Latest Price   $1568.4500(-5.01%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -1.3% a day on average for past five trading days.
Weekly Trend   MELI declines -1.3% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Broad based rally 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 -1.635% in a week (0% probabilities).
VIXM(-39%)    UUP(-21%)    VXX(-10%)    TBT(-5%)    IGOV(2%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.635% (StdDev 3.27%)
Hourly BBV -1.8 ()
Intraday Trend 0%

Resistance Level   $1655.17
5 Day Moving Average   $1649.04(-4.89%)
10 Day Moving Average   $1666.05(-5.86%)
20 Day Moving Average   $1655.17(-5.24%)
To recent high   -9.5%
To recent low   43.8%
Market Cap   $77.968b

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 3.05% (three month std-dev: 3.27%) daily (68% of days).

Sample size 12 Average positive next day return: 2.73%(67%) Average negative next day return: -2.02%(33%) Sample size 12 Average positive next three day return: 4.63%(67%) Average negative next three day return: -5.45%(33%) Sample size 12 Average positive next weekly return: 5.64%(50%) Average negative next weekly return: -3.53%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210206

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_6_2021	1321.28	1655.17	1666.05	1649.04	1633.17	1609.57	1568.45(-5.01%)	DT	OpenShort	-75	-1.6	-773	-130	-903	-384	0.58	57%	0.28	45.9	3.27%	-1.8	-1.7	41	-0.4
2	Jan_5_2021	1317.56	1656.55	1680.11	1670.34	1669.19	1646.52	1651.1(0.56%)	DP	OpenShort	-75	-0.4	-195	-100	-228	-94	0.48	60%	0.36	64.9	3.19%	-0.8	-0.1	57	-0.5
3	Jan_4_2021	1312.8	1652.37	1687.28	1673.52	1676.23	1656.78	1641.94(-1.78%)	DT	OpenShort	-75	-0.6	-517	-80	-612	-233	0.79	60%	0.5	67	3.19%	-1.4	-0.2	58	-1.6
4	Dec_31_2020	1306.27	1648.6	1691.57	1683.08	1682.49	1691.86	1671.62(-2.37%)	DT	OpenShort	-75	-0.2	-67	40	-87	-8	0.21	59%	0.44	70.5	3.21%	-0.5	0.4	64	1.2
5	Dec_30_2020	1300.57	1641.57	1691.56	1682.86	1685.41	1695.68	1712.11(2.22%)	UT	OpenLong	75	0.5	393	50	450	221	0.28	59%	0.48	70.9	3.2%	1.7	1.1	75	1.3

6	Dec_29_2020	1294.34	1632.3	1687.07	1687.03	1674.81	1673.12	1674.94(0.48%)	DP	OpenShort	-75	-0.2	-123	-30	-159	-14	0.24	59%	0.43	76.6	3.2%	0.4	0.7	58	0.2
7	Dec_28_2020	1288.74	1626.45	1682.33	1692.06	1688.24	1675.14	1667(-1.34%)	CR	SmallShort	-20	-0.4	-72	-60	-102	18	0.26	61%	0.43	88.5	3.21%	0.4	0.6	61	1.2
8	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
9	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
10	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

11	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
12	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
13	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
14	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
15	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

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		67.5	3.53%	0.4	1.4	85	1
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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