Trading Signals: MELI Stock Price Prediction and Forecast

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

Thu. Oct. 19, 2023

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

(MercadoLibre Inc)
MELI latest price $1180.2650 (-2.57%) ($1174.4200 - $1180.2650) on Thu. Oct. 19, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.66% (three month average)
RSI   30
Latest Price   $1180.2650(-2.57%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.8% a day on average for past five trading days.
Weekly Trend   MELI declines -1% 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)
BOTZ(64%)    QQQ(64%)    VUG(64%)    IWF(63%)    VFMO(61%)
Factors Impacting MELI price   MELI will decline at least -1.33% in a week (0% probabilities).
VXX(-38%)    VIXM(-37%)    TBT(-30%)    UUP(-20%)    USO(-18%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.33% (StdDev 2.66%)
Hourly BBV -2.3 ()
Intraday Trend 0%

Resistance Level   $1241.32
5 Day Moving Average   $1216.01(-2.94%)
10 Day Moving Average   $1228.06(-3.89%)
20 Day Moving Average   $1241.32(-4.92%)
To recent high   -17.9%
To recent low   0.9%
Market Cap   $58.671b

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 2.2% (three month std-dev: 2.66%) daily (68% of days).

Sample size 9 Average positive next day return: 1.65%(67%) Average negative next day return: -2.12%(33%) Sample size 9 Average positive next three day return: 4.91%(78%) Average negative next three day return: -3.4%(22%) Sample size 9 Average positive next weekly return: 4.11%(56%) Average negative next weekly return: -5.35%(44%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20231119

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	Oct_19_2023	1253.89	1241.32	1228.06	1216.01	1213.82	1195.1	1180.27(-2.57%)	DT	OpenShort	-75	-1.3	-608	-110	-708	-306	0.49	70%	-0.05	-112.3	2.66%	-2.3	-2.2	30	-1.4
2	Oct_18_2023	1254.52	1247.1	1232.25	1226.14	1225.23	1225.62	1211.4(-2.29%)	DT	OpenShort	-75	-0.5	-167	0	-190	-99	0.28	70%	-0.03	-112.7	2.65%	-1.9	-1.2	34	-0.7
3	Oct_17_2023	1254.93	1252.7	1234.5	1232.74	1230.1	1232.55	1239.83(1.17%)	UT	OpenLong	75	0.2	106	10	131	32	0.23	72%	-0.01	-103.1	2.64%	1.1	-0.4	45	0.5
4	Oct_16_2023	1255.09	1257.32	1233.2	1236.36	1231.25	1224.84	1225.52(0.2%)	DP	OpenShort	-75	-0.3	-120	-50	-134	-77	0.24	72%	-0.05	-85.8	2.67%	-0.2	-0.8	39	0.8
5	Oct_13_2023	1255.7	1264.74	1236.11	1238.87	1238.37	1227.66	1223.04(-0.64%)	DT	OpenShort	-75	-0.3	-200	-60	-227	-118	0.16	72%	-0.02	-76.6	2.68%	-0.8	-0.9	33	-1.3

6	Oct_12_2023	1256.01	1272.77	1240.8	1242.02	1241.78	1237.66	1230.91(-1.08%)	DT	OpenShort	-75	-0.2	-204	-20	-233	-118	0.2	72%	-0.04	-72.9	2.68%	-1.3	-0.8	38	0.3
7	Oct_11_2023	1256.56	1280.08	1244.81	1238.82	1243.75	1249.08	1244.41(-1.08%)	UD	OpenLong	75	0.1	113	40	142	25	0.22	74%	-0.05	-73.7	2.68%	-0.4	-0.6	37	0.4
8	Oct_10_2023	1257.13	1287.33	1245.89	1236.17	1236.49	1245.91	1257.94(1.61%)	UT	OpenLong	75	0.4	162	50	204	35	0.29	67%	-0.07	-72.9	2.7%	1.4	-0.5	33	0.2
9	Oct_9_2023	1257.97	1294.16	1246.43	1229.94	1230.98	1238.41	1238.05(-0.06%)	UD	OpenLong	75	0.1	171	40	219	25	0.12	67%	-0.06	-72.2	2.8%	1.4	-0.8	25	-0.1
10	Oct_6_2023	1258.69	1303.19	1251.17	1233.52	1229.26	1227.07	1238.77(1.96%)	DP	OpenShort	-75	0.1	-23	-20	-5	-76	0.24	60%	-0.08	-67.9	2.8%	1.4	-0.9	21	-0.7

11	Oct_5_2023	1259.7	1312.45	1254.98	1240.13	1235.23	1223.55	1214.94(-1.32%)	DT	HoldShort	-65	-0.3	-264	-80	-286	-196	0.35	63%	-0.09	-60.5	2.93%	-0.7	-1.4	13	-0.7
12	Oct_4_2023	1260.8	1323.53	1263.02	1251.74	1249.34	1231.46	1231.16(0.36%)	DP	OpenShort	-75	-0.3	-332	-110	-366	-230	0.22	63%	-0.04	-52.3	2.98%	-0.7	-1.3	17	-1
13	Oct_3_2023	1261.28	1333.27	1272.41	1256.74	1259.65	1246.9	1226.78(-2.32%)	DT	HoldShort	-65	-0.4	-365	-60	-403	-251	0.35	63%	-0.06	-43.9	3%	-1.9	-1.5	15	-2.1
14	Oct_2_2023	1262	1343.77	1283.59	1264.72	1265.7	1267.22	1255.95(-1.25%)	DT	HoldShort	-65	-0.1	-116	10	-109	-136	0.21	63%	-0.02	-31.4	2.99%	-1.3	-1.3	16	-1.1
15	Sep_29_2023	1262.26	1352.14	1295.69	1271.22	1267.56	1272.4	1271.82(-0.09%)	N/A	N/A	0	0	57	20	95	-56	0.27	60%	-0.02	-17.6	2.98%	0.1	-1.2	15	-1.3

16	Sep_28_2023	1262.53	1357.72	1307.06	1272.41	1271.72	1264.19	1272.99(1.34%)	DP	OpenShort	-65	0	-14	-40	13	-93	0.29	62%	-0.01	-6.5	3.01%	1.3	-1.4	15	-0.9
17	Sep_27_2023	1262.7	1361.75	1317.8	1276.61	1272.7	1262.71	1256.19(-0.83%)	DT	HoldShort	-65	-0.3	-344	-60	-375	-252	0.31	62%	0.01	1.6	3.04%	-1.2	-1.8	9	-1.6
18	Sep_26_2023	1262.62	1364.97	1331.91	1290.83	1282.35	1279.25	1266.65(-1.69%)	DT	HoldShort	-65	-0.4	-197	-40	-204	-177	0.27	58%	-0.02	13.9	3.03%	-1.1	-1.8	15	-3
19	Sep_25_2023	1262.83	1365.14	1345.64	1305.4	1296.47	1282.68	1288.47(0.84%)	DP	OpenShort	-75	-0.3	-189	-90	-196	-166	0.16	58%	0.03	22.5	3.12%	0.2	-1.3	16	-1.5
20	Sep_22_2023	1262.39	1363.67	1359.26	1324.31	1311.33	1285.44	1277.73(-1.26%)	DT	HoldShort	-65	-0.7	-577	-170	-657	-337	0.28	59%	0.05	32.5	3.12%	-1.1	-1.4	18	-1

21	Sep_21_2023	1261.71	1361.83	1374.73	1347.1	1337.2	1310.26	1293.99(-2.51%)	DT	OpenShort	-75	-0.8	-585	-160	-673	-321	0.28	59%	0.02	41.2	3.13%	-1.4	-1	37	-0.9
22	Sep_20_2023	1261.46	1360.81	1389.49	1364.95	1361.62	1337.21	1327.33(-0.91%)	DT	OpenShort	-75	-0.5	-498	-130	-578	-259	0.34	59%	0.06	48.1	3.11%	-0.8	-0.5	52	-0
23	Sep_19_2023	1260.73	1357.18	1399.69	1378.88	1376	1364.13	1339.47(-3.15%)	DT	OpenShort	-75	-0.5	-408	-70	-479	-194	0.51	59%	0.04	48.4	3.11%	-1.4	-0.2	63	0.9
24	Sep_18_2023	1260.23	1352.17	1409.57	1391.48	1388.58	1386.03	1383.04(-0.62%)	DT	OpenShort	-75	-0.1	-66	-20	-87	-3	0.29	61%	0.09	46.1	3.1%	-0.4	0.4	79	1
25	Sep_15_2023	1259.13	1343.66	1413.54	1399.86	1394.11	1387.86	1391.69(0.61%)	N/A	N/A	0	-0.1	-100	-40	-136	8	0.29	59%		39.5	3.12%	0.8	0.6	81	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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