Trading Signals: MELI Stock Price Prediction and Forecast

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

Mon. Dec. 18, 2023

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

(MercadoLibre Inc)
MELI latest price $1619.0700 (0.87%) ($1619.0700 - $1619.0700) on Mon. Dec. 18, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.9% (three month average)
RSI   56
Latest Price   $1619.0700(0.87%)
Stocks Behave Similarly   Similar Stock List
Market Behavior   Growth stock rally for large cap. Normal for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
IVE(83%)    XLK(65%)    EDOC(60%)    DIA(59%)    MCHI(56%)
Factors Impacting MELI price   MELI will decline at least -0.95% in a week (0% probabilities).
VIXM(-67%)    BLOK(-48%)    TIP(-40%)    TLT(-32%)    BWX(-30%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.95% (StdDev 1.9%)
Hourly BBV 0.9 ()
Intraday Trend 0%

5 Day Moving Average   $1611.56(0.47%)
10 Day Moving Average   $1600.29(1.17%)
20 Day Moving Average   $1586.95(2.02%)
To recent high   -2.1%
To recent low   38.4%
Market Cap   $80.484b

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 2.71% (three month std-dev: 1.9%) daily (68% of days).

Sample size 7 Average positive next day return: 1.57%(43%) Average negative next day return: -0.71%(57%) Sample size 7 Average positive next three day return: 1.45%(86%) Average negative next three day return: -5.74%(14%) Sample size 7 Average positive next weekly return: 1.98%(43%) Average negative next weekly return: -2.15%(57%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20240118

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	Dec_18_2023	1356.45	1586.95	1600.29	1611.56	1611.56	1614.81	1619.07(0.87%)	UT	OpenLong	75	0.2	207	10	244	97	0.21	84%	0.3	100.7	1.9%	0.9	0.7	56	0.8
2	Dec_15_2023	1352.45	1578.87	1597.94	1610.91	1609.44	1606.82	1605.16(0.13%)	DP	OpenShort	-75	-0.1	-49	-10	-57	-24	0.31	84%	0.33	91.1	1.9%	0.4	0.5	51	0.8
3	Dec_14_2023	1348.05	1572.49	1602.1	1605.61	1610.77	1608.32	1603.11(-0.65%)	N/A	N/A	0	-0	-4	-0	-9	10	0.46	84%	0.32	92.7	1.9%	0.2	0.5	63	1.6
4	Dec_13_2023	1343.72	1564.97	1603.57	1602.96	1605.25	1612.05	1613.54(-0.21%)	UD	OpenLong	75	0.2	64	30	67	54	0.3	84%	0.33	89.6	1.9%	0.9	0.8	66	1.4
5	Dec_12_2023	1339.35	1556.21	1603.1	1594.06	1599.47	1613.21	1616.91(0.06%)	UT	OpenLong	75	0.3	487	70	561	264	0.31	84%	0.32	83.5	1.9%	0.9	0.9	71	1.6

6	Dec_11_2023	1335.11	1544.83	1600.37	1587.38	1588.79	1598.46	1615.86(2.36%)	UT	OpenLong	75	0.4	404	50	460	237	0.28	84%	0.3	72.8	1.92%	1.4	0.9	72	1.4
7	Dec_8_2023	1331.16	1533.19	1598.61	1583.78	1580.7	1585.73	1578.63(-0.71%)	UD	OpenLong	75	-0.1	62	20	50	99	0.34	83%	0.29	66	1.9%	0	0.6	73	1.2
8	Dec_7_2023	1327.33	1522.04	1595.19	1598.68	1587.93	1579.12	1589.85(1.32%)	N/A	N/A	0	-0.1	-109	-60	-161	46	0.2	83%	0.28	66.3	1.9%	1.4	0.8	69	1
9	Dec_6_2023	1323.64	1511.27	1589.69	1604.65	1603.61	1575.67	1569.06(-0.91%)	DT	OpenShort	-75	-0.4	-578	-120	-720	-151	0.28	83%	0.28	69.2	1.9%	-1.4	0.6	70	1.2
10	Dec_5_2023	1319.95	1502.26	1583.37	1612.98	1613.75	1596.73	1583.52(-0.9%)	DT	OpenShort	-75	-0.3	-840	-70	-1036	-250	0.47	83%	0.31	78.2	1.89%	-1	0.8	74	1.3

11	Dec_4_2023	1315.85	1491.97	1573.99	1614.26	1620.89	1631.55	1597.84(-3.35%)	UD	OpenLong	75	-0.2	128	60	94	230	0.5	83%	0.35	86.1	1.89%	-0.9	1.1	81	1.4
12	Dec_1_2023	1311.2	1481.39	1559.79	1614.68	1616.28	1630.76	1653.15(2.06%)	UT	HoldLong	65	0.4	770	70	842	555	0.32	92%	0.39	98.5	1.85%	2	1.8	90	1.3
13	Nov_30_2023	1306.11	1464.63	1541.12	1591.19	1599.59	1610.23	1619.71(0.56%)	UT	HoldLong	65	0.3	516	60	543	436	0.49	91%	0.37	103.6	1.88%	1.5	1.7	91	1.4
14	Nov_29_2023	1301.31	1448.96	1523.42	1572.75	1580.4	1601.81	1610.71(1.31%)	UT	HoldLong	65	0.4	635	110	684	489	0.36	92%	0.38	107.5	1.91%	1.5	1.8	83	1.3
15	Nov_28_2023	1296.39	1430.55	1505.19	1549.45	1559.24	1588.96	1589.9(-0.63%)	UD	OpenLong	75	0.4	1010	150	1131	648	0.64	92%	0.39	100	1.98%	0.6	1.7	77	1.5

16	Nov_27_2023	1291.31	1412.43	1484.2	1527.47	1535.52	1558.99	1599.91(4.18%)	UT	HoldLong	65	0.8	1042	120	1174	646	0.68	92%	0.35	94.6	1.97%	1.6	2	80	1.3
17	Nov_24_2023	1286.8	1392.39	1461.25	1496.85	1508.92	1529.53	1535.74(0.54%)	UT	OpenLong	75	0.4	714	120	797	463	0.28	91%	0.33	87.7	1.92%	0	1.5	72	1.4
18	Nov_22_2023	1282.56	1374.59	1442.07	1483.64	1487.59	1512.06	1527.48(2.22%)	UT	HoldLong	65	0.4	778	120	876	483	0.39	91%	0.19	76.6	1.96%	1.3	1.5	78	1.2
19	Nov_21_2023	1280.08	1357.78	1425.68	1466.81	1470.69	1488.31	1494.23(0.96%)	UT	HoldLong	65	0.3	771	90	869	476	0.28	91%	0.24	73.6	1.95%	1.8	1.4	77	1.3
20	Nov_20_2023	1277.03	1344.01	1414.12	1454.07	1456.79	1463.11	1479.97(2.29%)	UT	HoldLong	65	0.3	438	40	472	334	0.36	91%	0.23	69.5	1.96%	1.6	1.4	82	1.4

21	Nov_17_2023	1274.08	1329.06	1403.17	1433.79	1443.64	1453.07	1446.83(-1.56%)	UD	OpenLong	75	0.1	327	70	339	292	0.5	79%	0.22	62.1	1.94%	-0.8	1.2	81	1.5
22	Nov_16_2023	1271.3	1315.31	1396.94	1419.28	1426.71	1450.48	1469.7(1.83%)	UT	HoldLong	65	0.5	708	130	781	490	0.42	79%	0.21	56	2%	1.4	1.6	86	1.5
23	Nov_15_2023	1268.62	1300.59	1382.05	1393.7	1402.99	1434.21	1443.32(0.89%)	UT	HoldLong	65	0.5	1021	180	1149	638	0.32	79%	0.22	49	2.03%	0.7	1.5	87	1.6
24	Nov_14_2023	1265.78	1288.57	1368.58	1378.48	1378.06	1402.95	1430.55(3.77%)	UT	HoldLong	65	0.6	876	130	975	580	0.47	79%	0.22	46	2.03%	1.1	1.6	82	1.5
25	Nov_13_2023	1263	1278.41	1350.09	1369.05	1364.52	1371.77	1378.53(0.31%)	UT	OpenLong	75	0.1	426	30	445	368	0.17	77%		45.4	2.01%	1.4	1.2	72	1.4
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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