Trading Signals: MELI Stock Price Prediction and Forecast

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

Fri. Dec. 22, 2023

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

(MercadoLibre Inc)
MELI latest price $1585.1250 (-0.53%) ($1585.1250 - $1598.8250) on Fri. Dec. 22, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.83% (three month average)
RSI   48
Latest Price   $1585.1250(-0.53%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.3% a day on average for past five trading days.
Weekly Trend   MELI advances 0.6% 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)
IVE(91%)    JETS(81%)    VUG(80%)    IWF(77%)    GDXJ(75%)
Factors Impacting MELI price   MELI will decline at least -0.915% in a week (0% probabilities).
TLT(-65%)    VIXM(-61%)    VXX(-49%)    UUP(-39%)    TIP(-34%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.915% (StdDev 1.83%)
Hourly BBV 0 ()
Intraday Trend 0%

Resistance Level   $1603.53
5 Day Moving Average   $1604.91(-1.23%)
10 Day Moving Average   $1607.44(-1.39%)
20 Day Moving Average   $1603.53(-1.15%)
To recent high   -4.1%
To recent low   35.5%
Market Cap   $78.796b

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 1.47% (three month std-dev: 1.83%) daily (68% of days).

Sample size 1 Average positive next day return: 0%(0%) Average negative next day return: -1.18%(100%) Sample size 1 Average positive next three day return: 0%(0%) Average negative next three day return: -1.92%(100%) Sample size 1 Average positive next weekly return: 0%(0%) Average negative next weekly return: -0.73%(100%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20240122

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_22_2023	1371.28	1603.53	1607.44	1604.91	1606.32	1594.83	1585.13(-0.53%)	DT	OpenShort	-75	-0.8	-335	-50	-400	-141	0.12	86%	0.2	106.1	1.83%	0	-0.8	48	1.4
2	Dec_21_2023	1368.6	1601.53	1607.36	1608.91	1613.95	1604.81	1593.65(-0.21%)	DT	OpenShort	-75	-0.6	-333	-30	-395	-147	0.24	86%	0.31	124.2	1.83%	-1.5	-0.3	37	0.6
3	Dec_20_2023	1364.32	1598.65	1607.31	1610.8	1616.3	1617.8	1596.97(-2.01%)	DT	OpenShort	-75	-0.5	-102	20	-122	-41	0.32	86%	0.29	119.4	1.87%	-2.9	-0.1	46	0.3
4	Dec_19_2023	1360.42	1594.06	1605.01	1614.12	1614.95	1623.08	1629.72(0.66%)	UT	OpenLong	75	0.4	239	40	280	116	0.33	84%	0.29	106.1	1.85%	0.9	1	53	0.7
5	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

6	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
7	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
8	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
9	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
10	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

11	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
12	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
13	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
14	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
15	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

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		62.1	1.94%	-0.8	1.2	81	1.5
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