Trading Signals: MELI Stock Price Prediction and Forecast

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

Wed. Jul. 7, 2021

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

(MercadoLibre Inc)
MELI latest price $1540.5750 (-0.78%) ($1540.5750 - $1540.5750) on Wed. Jul. 7, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.08% (three month average)
RSI   80
Latest Price   $1540.5750(-0.78%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.5% a day on average for past five trading days.
Weekly Trend   MELI advances 2.5% a week on average for past two weeks.
Market Behavior   Growth stock rally 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(72%)    IPO(71%)    IWF(70%)    IVW(69%)    IWO(69%)
Factors Impacting MELI price   MELI will decline at least -1.04% in a week (0% probabilities).
VIXM(-39%)    UUP(-21%)    VXX(-7%)    TBT(-3%)    IGOV(-1%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.04% (StdDev 2.08%)
Hourly BBV -1.1 ()
Intraday Trend 0%

5 Day Moving Average   $1549.77(-0.59%)
10 Day Moving Average   $1551.44(-0.7%)
20 Day Moving Average   $1493.3(3.17%)
To recent high   -4.9%
To recent low   18.3%
Market Cap   $76.582b

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 4.9% (three month std-dev: 2.08%) daily (68% of days).

Sample size 13 Average positive next day return: 2.18%(46%) Average negative next day return: -1.6%(54%) Sample size 13 Average positive next three day return: 3.16%(46%) Average negative next three day return: -4.35%(54%) Sample size 13 Average positive next weekly return: 3.61%(54%) Average negative next weekly return: -3.7%(46%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210807

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	Jul_7_2021	1501.05	1493.3	1551.44	1549.77	1548.36	1546.66	1540.58(-0.78%)	DT	OpenShort	-75	-0.1	-188	-10	-242	-25	0.22	37%	-0.27	76.3	2.08%	-1.1	0.6	80	1
2	Jul_6_2021	1505.12	1482.47	1548.48	1558.06	1554.92	1552.57	1552.74(0.02%)	N/A	N/A	0	-0.1	-17	-20	-49	81	0.2	37%	-0.27	68.8	2.08%	0.3	0.9	85	0.9
3	Jul_2_2021	1509.12	1471.49	1541.49	1561.21	1562.36	1550.06	1552.4(0.62%)	N/A	N/A	0	-0.1	-165	-50	-228	23	0.12	37%	-0.26	62.7	2.1%	-0	0.9	75	1.5
4	Jul_1_2021	1513.08	1460.22	1534.14	1559.22	1566.38	1557.28	1542.85(-1.12%)	DT	OpenShort	-75	-0.2	-328	-30	-424	-40	0.21	37%	-0.24	58.7	2.11%	-1	0.9	79	1.7
5	Jun_30_2021	1516.79	1449.49	1526.57	1559.13	1567.22	1574.66	1560.28(-1.37%)	UD	OpenLong	75	0	95	50	69	173	0.18	43%	-0.21	56.7	2.16%	-0.8	1.2	84	1.5

6	Jun_29_2021	1520.01	1439.47	1513.74	1552.83	1561.11	1575.49	1582.02(0.86%)	UT	HoldLong	65	0.3	516	80	559	386	0.19	43%	-0.22	57.2	2.16%	1.6	1.6	91	1.4
7	Jun_28_2021	1523.29	1428.37	1496.24	1537.45	1547.68	1559.78	1568.48(1.69%)	UT	HoldLong	65	0.4	518	70	560	392	0.22	43%	-0.23	55.5	2.16%	1.6	1.7	91	1.7
8	Jun_25_2021	1526.85	1417.52	1482.17	1519.03	1529.9	1546.73	1542.48(0.01%)	UT	HoldLong	65	0.3	517	100	557	395	0.25	43%	-0.23	53	2.16%	0.1	1.6	86	2
9	Jun_24_2021	1530.36	1408.47	1467.09	1505.3	1508.97	1535.58	1542.37(0.89%)	UT	HoldLong	65	0.5	698	130	769	483	0.3	39%	-0.22	52.1	2.16%	0.8	1.9	86	1.7
10	Jun_23_2021	1533.72	1399.96	1450.46	1489.11	1491.84	1513.08	1528.79(1.57%)	UT	HoldLong	65	0.6	866	110	970	555	0.27	39%	-0.25	55.9	2.22%	1.3	2	84	1.7

11	Jun_22_2021	1537.58	1391.2	1429.92	1468.69	1472.15	1482.36	1505.12(1.95%)	UT	OpenLong	75	0.6	465	60	506	343	0.37	39%	-0.26	55.1	2.22%	1.4	2	70	1.4
12	Jun_21_2021	1541.58	1383.98	1410.74	1448.7	1455.23	1470.59	1476.4(0.17%)	UT	OpenLong	75	0.6	381	90	415	277	0.33	39%	-0.2	54.6	2.22%	0.9	1.9	66	0.6
13	Jun_18_2021	1544.65	1378.09	1395.66	1439.58	1439.38	1461.94	1473.85(0.85%)	UT	OpenLong	75	0.8	580	110	653	359	0.39	34%	-0.24	60.2	2.22%	1.1	2.2	67	-0.2
14	Jun_17_2021	1548.44	1372.54	1380.18	1422.91	1428.62	1439.87	1461.39(2.43%)	UT	OpenLong	75	1	598	70	683	341	0.46	34%	-0.17	66.4	2.36%	2.1	2.3	63	1
15	Jun_16_2021	1551.09	1365.28	1366.03	1406.01	1414.1	1416.82	1426.68(1.53%)	UT	OpenLong	75	0.6	155	30	170	109	0.34	31%	-0.25	63.7	2.35%	0.1	1.8	55	0.9

16	Jun_15_2021	1554.98	1361	1359.08	1384.81	1400.88	1417.37	1405.19(-1.79%)	UD	OpenLong	75	0.7	349	120	405	181	0.41	31%	-0.31	45.4	2.35%	-0.3	1.4	57	1
17	Jun_14_2021	1559.87	1357.5	1354.92	1366.05	1380.08	1411.38	1430.81(2.9%)	UT	OpenLong	75	2.2	824	190	969	387	0.38	31%	-0.35	23	2.35%	1.5	2.5	59	1.4
18	Jun_11_2021	1565.37	1351.91	1346.99	1345.06	1350.22	1384.4	1390.5(0.99%)	UT	OpenLong	75	1.8	829	190	983	368	0.48	39%	-0.36	-23.2	2.33%	1	1.5	54	1.4
19	Jun_10_2021	1570.98	1347.52	1344.41	1331.36	1333.96	1348.78	1376.85(4.25%)	UT	OpenLong	75	1.8	662	80	789	280	0.53	39%	-0.39	-61.6	2.62%	1.6	1.1	49	1.2
20	Jun_9_2021	1577.17	1344.07	1344.55	1320.95	1320.12	1316.05	1320.7(0.71%)	DP	OpenShort	-75	-0	-72	-20	-74	-66	0.32	41%	-0.38	-107.2	2.57%	0.3	-0.9	53	1

21	Jun_8_2021	1583.2	1347.06	1349.14	1329.81	1320.83	1319.14	1311.39(-1.09%)	DT	OpenShort	-75	-0.7	-221	-30	-252	-126	0.42	37%	-0.18	-119.1	2.67%	-0.9	-1.3	44	1.2
22	Jun_7_2021	1586	1350.69	1355.51	1341.67	1334.23	1324.2	1325.86(0.29%)	DP	OpenShort	-75	-0.6	-80	-70	-91	-46	0.26	37%	-0.34	-139.6	2.79%	-0.4	-0.9	50	1.4
23	Jun_4_2021	1591.45	1357.79	1360	1348.83	1345.18	1322.52	1322(-0.21%)	DT	OpenShort	-75	-0.7	-427	-130	-503	-198	0.29	35%	-0.34	-104.3	2.79%	-1.1	-0.9	53	1.5
24	Jun_3_2021	1596.88	1363.5	1365.54	1358.91	1355.21	1344.26	1324.82(-2.94%)	DT	OpenShort	-75	-0.8	-462	-60	-550	-198	0.3	31%	-0.3	-105.7	2.84%	-1.5	-0.9	58	1.2
25	Jun_2_2021	1601.73	1372.77	1366.12	1371.17	1367.43	1367.84	1365(-0.41%)	N/A	N/A	0	-0.1	-14	-10	-26	24	0.25	31%		-85.3	2.93%	-0.7	-0.1	66	1.5
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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