Trading Signals: MELI Stock Price Prediction and Forecast

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Tue. Aug. 24, 2021

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

(MercadoLibre Inc)
MELI latest price $1857.4300 (2.67%) ($1821.6300 - $1857.4300) on Tue. Aug. 24, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.55% (three month average)
RSI   74
Latest Price   $1857.4300(2.67%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 1% a day on average for past five trading days.
Weekly Trend   MELI advances 1.2% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
IBUY(73%)    IPO(72%)    IWF(71%)    QQQ(71%)    IVW(70%)
Factors Impacting MELI price   MELI will decline at least -1.275% in a week (0% probabilities).
VIXM(-39%)    UUP(-22%)    VXX(-7%)    TBT(-3%)    TLT(3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.275% (StdDev 2.55%)
Hourly BBV 1.3 ()
Intraday Trend 0%

5 Day Moving Average   $1799.18(3.24%)
10 Day Moving Average   $1812.57(2.47%)
20 Day Moving Average   $1748.18(6.25%)
To recent high   -1.2%
To recent low   41.6%
Market Cap   $92.333b

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 6.29% (three month std-dev: 2.55%) daily (68% of days).

Sample size 26 Average positive next day return: 3.93%(54%) Average negative next day return: -2.07%(46%) Sample size 26 Average positive next three day return: 5.95%(62%) Average negative next three day return: -4.56%(38%) Sample size 26 Average positive next weekly return: 6.2%(54%) Average negative next weekly return: -5.71%(46%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210924

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	Aug_24_2021	1536.94	1748.18	1812.57	1799.18	1798.57	1828.77	1857.43(2.67%)	UT	OpenLong	75	0.5	723	120	842	365	0.36	77%	0.23	49.1	2.55%	1.3	1	74	1.5
2	Aug_23_2021	1533.35	1734.51	1813.4	1781.3	1783.3	1795.38	1809.06(1.23%)	UT	OpenLong	75	0.3	569	50	654	314	0.32	76%	0.18	45.9	2.54%	1.6	0.7	72	1.5
3	Aug_20_2021	1530.54	1723.63	1808.88	1779.07	1773.03	1768.37	1787(1.82%)	N/A	N/A	0	0.1	-75	-30	-110	31	0.23	78%	0.19	49.5	2.54%	0.8	0.6	71	1.1
4	Aug_19_2021	1527.71	1715.23	1805.99	1791.53	1777.09	1771.22	1755.05(-1.81%)	DT	OpenShort	-75	-0.3	-327	-50	-417	-58	0.28	78%	0.18	57.1	2.57%	-1.1	0.4	71	-0.2
5	Aug_18_2021	1524.98	1707.43	1810.43	1809.17	1801.38	1777.69	1787.38(1.1%)	N/A	N/A	0	-0.2	-190	-100	-266	39	0.26	78%	0.24	63.9	2.57%	0.9	0.7	64	0.5

6	Aug_17_2021	1521.32	1695.76	1791.32	1827.88	1814.67	1782.96	1768(-1.66%)	DT	OpenShort	-75	-0.5	-945	-140	-1158	-306	0.28	78%	0.25	70.1	2.57%	-0.9	0.6	63	1.1
7	Aug_16_2021	1517.59	1685.19	1774.25	1849.74	1842.9	1825.07	1797.91(-2.78%)	DT	OpenShort	-75	-0.4	-503	-80	-645	-77	0.35	78%	0.26	73.8	2.56%	-1.2	0.9	69	1.5
8	Aug_13_2021	1513.71	1670.37	1753.3	1841.63	1862.75	1846.38	1849.3(0.33%)	UT	HoldLong	50	0.1	45	-30	-1	181	0.21	82%	0.3	70.8	2.53%	-0.4	1.4	73	1.6
9	Aug_12_2021	1509.15	1653.05	1725.38	1821.61	1839.69	1860.73	1843.28(-2%)	N/A	N/A	0	0.2	-34	110	-88	128	0.32	74%	0.31	67	2.53%	-0.7	1.6	69	1.8
10	Aug_11_2021	1504.55	1635.81	1704.1	1811.31	1816.86	1879.11	1880.92(0.19%)	UT	OpenLong	75	0.6	1262	250	1437	736	0.39	74%	0.29	67.9	2.62%	1.1	2.1	73	1.9

11	Aug_10_2021	1500.19	1616.34	1678.06	1749.06	1794.56	1818.64	1877.3(6.83%)	UT	OpenLong	75	1.3	1854	170	2144	983	0.76	67%	0.27	58.2	2.62%	1.9	2.6	75	1.7
12	Aug_9_2021	1496.09	1598.74	1646.79	1688.32	1716.45	1754.6	1757.35(0.46%)	UT	OpenLong	75	0.8	217	210	231	175	0.2	63%	0.21	50.1	2.64%	-0.2	1.9	70	1.7
13	Aug_6_2021	1492.94	1586.54	1628.81	1651.33	1671.09	1770.49	1749.22(-2.37%)	UD	OpenLong	75	1.3	1935	450	2257	969	0.38	58%	0.21	40.1	2.65%	0.4	2.2	74	1.6
14	Aug_5_2021	1489.76	1575.96	1614.11	1614.4	1626.88	1678.3	1791.75(14.15%)	UT	HoldLong	65	2.8	2223	240	2600	1091	1.17	58%	0.17	30.6	2.72%	1.4	3.4	76	1.1
15	Aug_4_2021	1487.16	1561.51	1592.18	1583.6	1570.09	1571.69	1569.69(-0.25%)	DT	OpenShort	-75	-0.3	-305	-20	-373	-99	0.26	44%	0.01	22.7	2.09%	-0.4	0.2	63	0.9

16	Aug_3_2021	1486.96	1560.1	1590.72	1596.99	1589.2	1575.47	1573.61(0.08%)	N/A	N/A	0	-0.6	-17	-80	-41	55	0.19	44%	-0	27.8	2.13%	-0.5	0.3	63	0.9
17	Aug_2_2021	1487.01	1558.99	1589.08	1598.28	1603.73	1568.48	1572.4(0.5%)	DP	OpenShort	-75	-0.6	-694	-140	-838	-260	0.28	44%	0.02	26.5	2.13%	-0.6	0.3	54	-0.3
18	Jul_30_2021	1486.78	1557.93	1582.56	1600.93	1605.65	1602.94	1564.56(-4.47%)	DT	OpenShort	-75	-0.9	-758	-0	-914	-291	0.34	44%	-0.01	30	2.15%	-1.7	0.2	57	0.5
19	Jul_29_2021	1486.87	1556.87	1577.82	1611.24	1610.67	1638.98	1637.73(0.07%)	UT	OpenLong	75	0.7	748	120	856	424	0.2	48%	0.14	37.7	2.07%	0.9	2	61	0.7
20	Jul_28_2021	1484.79	1552.49	1564.63	1602.1	1603.01	1608.36	1636.64(3.58%)	UT	OpenLong	75	1	692	30	793	388	0.29	48%	0.13	39.4	2.09%	1.6	2.3	65	0.5

21	Jul_27_2021	1482.9	1549.11	1551.38	1584.35	1591.86	1582.35	1580.08(-0.35%)	DT	OpenShort	-75	-0.1	-184	-30	-231	-43	0.34	44%	0.14	41.5	2.05%	-0.6	1	56	0.3
22	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
23	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
24	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
25	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%		52.1	2.03%	1.3	0.4	47	0.7
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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