Trading Signals: MELI Stock Price Prediction and Forecast

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

Thu. Feb. 16, 2023

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

(MercadoLibre Inc)
MELI latest price $1120.3900 (-3.25%) ($1118.0000 - $1120.3900) on Thu. Feb. 16, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.89% (three month average)
RSI   35
Latest Price   $1120.3900(-3.25%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.5% a day on average for past five trading days.
Weekly Trend   MELI declines -3.2% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
VUG(54%)    XLY(54%)    IWF(53%)    QQQ(53%)    IVW(51%)
Factors Impacting MELI price   MELI will decline at least -1.445% in a week (0% probabilities).
VIXM(-41%)    UUP(-10%)    BNDX(-10%)    SHY(-8%)    VXX(-7%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.445% (StdDev 2.89%)
Hourly BBV -0.7 ()
Intraday Trend 0%

Resistance Level   $1155.73
5 Day Moving Average   $1126.22(-0.52%)
10 Day Moving Average   $1147.11(-2.33%)
20 Day Moving Average   $1155.73(-3.06%)
To recent high   -8.3%
To recent low   35%
Market Cap   $55.695b

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 3.73% (three month std-dev: 2.89%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

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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	Feb_16_2023	951.45	1155.73	1147.11	1126.22	1126.47	1138.9	1120.39(-3.25%)	N/A	N/A	0	-0.1	19	80	42	-50	0.39	53%	0.28	29.5	2.89%	-0.7	-0.8	35	-0.3
2	Feb_15_2023	948.84	1153.93	1156.8	1131.68	1125.1	1137.11	1158(2.27%)	UT	OpenLong	75	0.6	315	60	387	98	0.28	61%	0.39	45.5	2.94%	1.8	0.1	46	0.1
3	Feb_14_2023	945.2	1149.94	1162.54	1133.6	1125.46	1114.05	1132.31(1.84%)	DP	OpenShort	-75	-0	-105	-90	-111	-85	0.39	61%	0.36	59.2	3.02%	0	-0.4	53	-0.2
4	Feb_13_2023	941.81	1147.35	1167.69	1141.77	1137.76	1113.09	1111.89(0.3%)	DP	OpenShort	-75	-0.6	-451	-160	-524	-233	0.19	61%	0.32	79.9	3.03%	-0.6	-0.7	54	0.1
5	Feb_10_2023	938.8	1146.43	1173.44	1154.33	1150.31	1136.87	1108.51(-3.41%)	DT	OpenShort	-75	-0.9	-488	-90	-573	-231	0.31	65%	0.29	105.8	3.07%	-1.5	-0.7	56	0.2

6	Feb_9_2023	936.13	1143.17	1185.05	1170.53	1165.41	1162.44	1147.69(-1.7%)	DT	OpenShort	-75	-0.4	-80	-30	-103	-9	0.22	65%	0.28	120.2	3.07%	-1.5	0.1	61	-0.9
7	Feb_8_2023	933.48	1133.32	1189.6	1185.2	1172.93	1163.75	1167.59(-0.47%)	DT	OpenShort	-75	-0.2	-166	-90	-214	-21	0.34	65%	0.29	107.7	3.12%	-0.1	0.5	68	-0.8
8	Feb_7_2023	930.78	1121.63	1187	1196.01	1186.83	1168.39	1173.15(-0.13%)	DT	OpenShort	-75	-0.3	-288	-130	-364	-59	0.82	65%	0.27	102.1	3.12%	-0.4	0.6	69	-0.9
9	Feb_6_2023	928.3	1108.71	1181.42	1197.69	1201.73	1182.11	1174.71(-1.24%)	DT	OpenShort	-75	-0.2	-290	-100	-369	-51	0.38	65%	0.28	95.1	3.12%	-1.3	0.7	69	-1.1
10	Feb_3_2023	925.67	1094.43	1174.47	1195.06	1201.59	1205.27	1189.51(-2.58%)	CR	SmallShort	-20	-0.1	-134	40	-186	21	0.49	68%	0.25	86.6	3.24%	-0.7	0.9	69	-0.9

11	Feb_2_2023	923.37	1078.39	1165.88	1201.41	1194.53	1221.34	1221.04(-0.05%)	UD	OpenLong	75	0.2	360	140	389	272	0.56	62%	0.29	83.8	3.23%	0.6	1.2	80	-1.4
12	Feb_1_2023	920.69	1059.56	1151.14	1194.97	1192.13	1197.9	1221.65(3.39%)	UT	HoldLong	65	0.2	497	30	546	350	0.51	62%	0.31	78.8	3.4%	2.9	1.3	86	-1.5
13	Jan_31_2023	917.83	1040.16	1135.85	1177.3	1181.5	1167.72	1181.54(1.72%)	N/A	N/A	0	0	-114	-70	-177	74	0.5	62%	0.2	71.4	3.38%	-0.6	1.1	86	-1.8
14	Jan_30_2023	915.97	1023.38	1124.76	1162.57	1171.28	1186.35	1161.54(-4.89%)	UD	OpenLong	65	-0	35	110	-7	160	0.76	62%	0.21	68.1	3.39%	-0.9	1.1	86	-1.8
15	Jan_27_2023	914.01	1008.55	1116.81	1149.5	1157.94	1195.27	1221.27(2.73%)	UT	HoldLong	65	0.6	772	250	852	532	0.7	68%	0.34	63.1	3.36%	1.4	1.7	96	-1.7

16	Jan_26_2023	910.94	989.04	1096.93	1124.92	1129.13	1156.21	1188.84(4.9%)	UT	HoldLong	65	0.5	667	180	725	494	0.83	68%	0.34	59.3	3.35%	1.6	1.7	96	-1.6
17	Jan_25_2023	907.83	971.83	1071.49	1101.47	1108.95	1120.61	1133.29(2.29%)	UT	HoldLong	65	0.3	410	90	422	374	0.4	66%	0.31	55	3.35%	2.7	1.4	96	-1.6
18	Jan_24_2023	904.98	958.54	1050.48	1088.79	1093.52	1102.05	1107.92(1.07%)	UT	HoldLong	65	0.2	190	70	160	279	0.38	66%	0.23	55.8	3.37%	0.8	1.4	96	-1.5
19	Jan_23_2023	902.86	946.31	1030.24	1081.28	1084.01	1097.29	1096.18(-0.2%)	UD	OpenLong	75	0.1	260	90	240	321	0.45	66%	0.28	57.8	3.39%	0.5	1.4	91	-1.6
20	Jan_20_2023	900.36	935.84	1008.62	1078.62	1077.56	1084.99	1098.39(2.5%)	UT	HoldLong	65	0.2	306	50	291	350	0.36	66%	0.28	62.5	3.4%	1.5	1.6	83	-1.3

21	Jan_19_2023	897.87	924.04	984.71	1064.31	1069.18	1070.74	1071.59(0.16%)	UT	HoldLong	65	0.1	161	20	121	280	0.52	66%	0.25	63.6	3.39%	0.7	1.6	84	-1.2
22	Jan_18_2023	895.62	913.96	961.56	1035.89	1058.38	1070.12	1069.89(-0.04%)	UD	OpenLong	75	0.4	355	140	359	343	0.73	66%	0.24	59.7	3.45%	-0.1	1.9	79	-1.1
23	Jan_17_2023	893.45	902.03	937.46	1005.09	1023.29	1067.63	1070.35(-1.16%)	UD	OpenLong	75	0.9	601	360	660	425	0.55	70%	0.24	51.2	3.45%	0.7	2.2	73	-1.6
24	Jan_13_2023	891.3	889.61	913.95	970.65	984.67	1046.65	1082.88(5.46%)	UT	OpenLong	75	1.8	1065	480	1221	596	1.24	65%	0.19	42.3	3.87%	1.4	3.1	75	-1.9
25	Jan_12_2023	889.61	877.81	890.62	928.76	942.99	978.95	1026.86(10.48%)	UT	OpenLong	75	2.2	928	310	1074	491	0.95	63%		33.1	3.82%	2.1	3.3	65	-1.6
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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