Trading Signals: MELI Stock Price Prediction and Forecast

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Mon. Jul. 26, 2021

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

(MercadoLibre Inc)
MELI latest price $1585.6600 (-1.88%) ($1581.5100 - $1585.6600) on Mon. Jul. 26, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.05% (three month average)
RSI   54
Latest Price   $1585.6600(-1.88%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 1.2% a day on average for past five trading days.
Weekly Trend   MELI advances 1.5% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Value stock rally 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 -1.025% in a week (0% probabilities).
VIXM(-39%)    UUP(-22%)    VXX(-7%)    TBT(-3%)    IGOV(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.025% (StdDev 2.05%)
Hourly BBV -0.9 ()
Intraday Trend 0%

5 Day Moving Average   $1578.57(0.45%)
10 Day Moving Average   $1547.97(2.43%)
20 Day Moving Average   $1548.24(2.42%)
To recent high   -2.1%
To recent low   21.8%
Market Cap   $78.823b

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 1.97% (three month std-dev: 2.05%) daily (68% of days).

Sample size 26 Average positive next day return: 1.06%(54%) Average negative next day return: -0.48%(46%) Sample size 26 Average positive next three day return: 2.03%(54%) Average negative next three day return: -1.8%(46%) Sample size 26 Average positive next weekly return: 1.81%(46%) Average negative next weekly return: -1.97%(54%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210826

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_26_2021	1480.77	1548.24	1547.97	1578.57	1582.37	1597.66	1585.66(-1.88%)	UD	OpenLong	75	0.2	48	70	43	61	0.24	44%	0.08	50.8	2.05%	-0.9	1.2	54	0.4
2	Jul_23_2021	1479.59	1545.89	1541.62	1560.67	1574.01	1601.36	1616.11(1.51%)	UT	OpenLong	75	1.9	1080	150	1264	526	0.34	44%	0.1	46.3	2.04%	1.1	2.4	59	-0.2
3	Jul_22_2021	1478.06	1541.82	1534.35	1539.04	1546.11	1567.09	1592.03(2.85%)	UT	OpenLong	75	2.2	670	110	788	315	0.28	44%	0.04	46.5	2.05%	1.4	2	57	-0
4	Jul_21_2021	1477.41	1538.44	1526.82	1521.97	1527.02	1546.67	1547.86(-0.21%)	UD	OpenLong	75	1.2	561	100	667	241	0.16	40%	-0.06	52.1	2.03%	1.3	0.4	47	0.7
5	Jul_20_2021	1478.34	1536.43	1525.7	1513.96	1518.15	1525.13	1551.19(3.68%)	UT	OpenLong	75	1.6	492	40	591	195	0.23	40%	-0.11	60.4	2.06%	2.2	0.6	43	-0.5

6	Jul_19_2021	1480.02	1532.92	1525.29	1513.67	1507.2	1507.37	1496.17(-0.78%)	DT	OpenShort	-75	-0.7	-255	-10	-286	-160	0.19	34%	-0.1	60.8	2.02%	-1.2	-1.4	35	-2.8
7	Jul_16_2021	1481.53	1532.33	1531.02	1519.41	1519.87	1511.17	1507.97(0.09%)	RB	SmallLong	20	-0.4	43	-40	62	-14	0.19	34%	-0.07	76.6	2.03%	-0.4	-0.9	45	0.3
8	Jul_15_2021	1482.6	1530.52	1534.69	1528.61	1522.17	1507.04	1506.68(-0.07%)	DT	OpenShort	-75	-0.7	-606	-80	-704	-311	0.18	34%	-0.14	89.9	2.04%	-1	-0.8	44	1
9	Jul_14_2021	1484.72	1527.19	1540.15	1531.81	1533.99	1528.57	1507.8(-2.71%)	DT	OpenShort	-75	-0.6	-239	-20	-275	-131	0.29	34%	-0.18	89.7	2.08%	-1.4	-0.5	48	1.6
10	Jul_13_2021	1487.45	1522.8	1547.57	1538.36	1538.2	1537.31	1549.75(1.63%)	DP	OpenShort	-75	0.2	-16	-0	-18	-9	0.33	37%	-0.16	88.6	2.09%	0.6	0.6	61	1.2

11	Jul_12_2021	1489.88	1517.15	1549.22	1538.96	1535.91	1539.4	1524.86(-1.87%)	DT	OpenShort	-75	-0.3	-79	10	-97	-24	0.21	37%	-0.27	93.9	2.08%	-0.3	0.2	63	1.2
12	Jul_9_2021	1493.86	1511.03	1551.36	1544.47	1542.88	1539.1	1553.94(2.05%)	UT	OpenLong	75	0.2	151	-20	168	100	0.2	37%	-0.23	92.6	2.07%	1.4	0.8	71	1.1
13	Jul_8_2021	1497.29	1502.6	1550.27	1542.25	1542.49	1532.42	1522.68(-1.16%)	DT	OpenShort	-75	-0.3	-361	-50	-438	-130	0.28	37%	-0.25	88	2.05%	-0.9	0.3	69	-0.1
14	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
15	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

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		54.6	2.22%	0.9	1.9	66	0.6
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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