Trading Signals: MELI Stock Price Prediction and Forecast

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Tue. Apr. 10, 2018

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

(MercadoLibre Inc)
MELI latest price $347.8300 (1.51%) ($341.4800 - $352.7760) on Tue. Apr. 10, 2018.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.48% (three month average)
RSI   41
Latest Price   $347.8300(1.51%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.3% a day on average for past five trading days.
Weekly Trend   MELI declines -0.9% a week on average for past two weeks.
Market Behavior   Broad based 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(68%)    QQQ(65%)    IWF(64%)    IVW(63%)    SKYY(63%)
Factors Impacting MELI price   MELI will decline at least -1.24% in a week (0% probabilities).
VIXM(-12%)    UUP(-11%)    TLT(-5%)    IFRA(-4%)    SHY(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.24% (StdDev 2.48%)
Hourly BBV 0 ()
Intraday Trend -0.5%

Resistance Level   $358.96
5 Day Moving Average   $348.1(-0.08%)
10 Day Moving Average   $347.96(-0.04%)
20 Day Moving Average   $358.96(-3.1%)
To recent high   -16%
To recent low   3.6%
Market Cap   $17.291b

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 5.36% (three month std-dev: 2.48%) 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%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20180510

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	Apr_10_2018	343.9	358.96	347.96	348.1			347.83(1.51%)	DP	OpenShort	-65	-0	-4	-10000	2	-22	0.74	54%	0.25	-71.8	2.48%	0	-0.6	41	-0.9
2	Apr_9_2018	343.04	361.88	348.46	347.1			342.67(0.04%)	DP	OpenShort	-75	-0.2	-10	-10000	-2	-35	0.36	54%	0.22	-61.5	2.48%	0	-0.9	38	-0.9
3	Apr_6_2018	342.27	365.3	348.78	348.01			342.54(-2.68%)	DT	OpenShort	-75	-0.2	-18	-10000	-6	-54	0.37	56%	0.25	-51.4	2.49%	0	-0.9	33	-1
4	Apr_5_2018	341.43	368.02	349.64	350.78			351.96(-0.99%)	DP	OpenShort	-65	0	-12	-10000	5	-63	0.7	58%	0.28	-46.4	2.48%	0	-0.7	33	-0.5
5	Apr_4_2018	340.49	370.71	350.48	348.63			355.48(3.68%)	DP	OpenShort	-65	0.3	-23	-10000	2	-98	0.53	58%	0.29	-43.9	2.49%	0	-0.6	29	-0.9

6	Apr_3_2018	339.51	373.35	351.21	347.98			342.87(-1.25%)	DT	HoldShort	-65	-0.2	-36	-10000	-5	-130	0.41	56%	0.23	-37.7	2.45%	0	-1.2	21	-1.2
7	Apr_2_2018	338.72	375.85	353.53	350.08			347.2(-2.58%)	DT	HoldShort	-50	-0.1	-36	-10000	1	-147	0.54	56%	0.46	-37.5	2.45%	0	-1.1	21	-1.9
8	Mar_29_2018	337.16	378.05	356.49	349.59			356.39(4.45%)	DP	OpenShort	-65	0.3	-40	-10000	3	-169	0.57	57%	0.3	-40.4	2.45%	0	-0.9	22	-1.4
9	Mar_28_2018	336.16	379.6	359.27	348.43			341.22(-3.12%)	DT	OpenShort	-75	-0.3	-55	-10000	-10	-190	0.82	55%	0.24	-40	2.39%	0	-1.6	25	-1.6
10	Mar_27_2018	335.37	382.13	365.43	352.56			352.21(-0.34%)	DT	OpenShort	-75	-0	-50	-10000	-6	-180	1.36	57%	0.26	-35.7	2.35%	0	-1.4	25	-1.8

11	Mar_26_2018	334.5	383.51	370.63	355.06			353.4(2.52%)	DP	OpenShort	-75	-0.1	-48	-10000	-6	-175	0.48	57%	0.27	-34.7	2.35%	0	-1.5	24	-1.1
12	Mar_23_2018	333.6	385.61	376.14	357.68			344.73(-1.67%)	DT	OpenShort	-75	-0.7	-53	-10000	-16	-162	0.57	56%	0.34	-28.5	2.34%	0	-2.1	33	-2.5
13	Mar_22_2018	332.47	387.97	383.1	364.43			350.6(-3.11%)	DT	OpenShort	-75	-0.8	-45	-10000	-17	-127	0.7	56%	0.35	-19.4	2.34%	0	-2.1	36	-2
14	Mar_21_2018	331.3	389.23	388.05	371.73			361.85(-0.79%)	DT	OpenShort	-75	-0.6	-40	-10000	-20	-98	0.44	58%	0.38	-10.5	2.31%	0	-1.7	42	0.8
15	Mar_20_2018	330.04	390.05	392.8	380.35			364.73(-0.49%)	DT	OpenShort	-75	-1	-29	-10000	-19	-57	0.63	55%	0.41	6.8	2.31%	0	-1.7	42	0.1

16	Mar_19_2018	328.68	390.83	397.54	388.69			366.51(-3.15%)	DT	OpenShort	-75	-1.5	-15	-10000	-18	-7	1.42	55%	0.42	30.9	2.38%	0	-1.7	50	-0.5
17	Mar_16_2018	327.32	391.24	400.43	397.4			378.44(-2.24%)	N/A	N/A	0	-1.4	-5	-10000	-15	25	0.72	57%	0.48	60.7	2.34%	0	-0.9	47	1.5
18	Mar_15_2018	325.76	391.4	401.87	404.5			387.11(-4.41%)	UD	OpenLong	65	-1.2	12	-10000	-4	58	0.67	57%	0.53	88	2.34%	0	-0.3	52	1.1
19	Mar_14_2018	324.04	390.93	402.04	406.54			404.97(-0.35%)	UD	OpenLong	65	-0.1	19	-10000	-1	80	0.32	61%	0.58	101.6	2.26%	0	1	67	0.7
20	Mar_13_2018	322.16	389.05	400.43	407.12			406.41(-0.89%)	UD	OpenLong	65	-0	22	-10000	-2	94	0.48	66%	0.58	106.3	2.25%	0	1.2	65	1.1

21	Mar_12_2018	320.29	386.48	397.5	407.89			410.05(-0.94%)	UD	OpenLong	75	0.1	30	-10000	8	96	0.56	66%	0.57	101.2	2.45%	0	1.5	65	1.4
22	Mar_9_2018	318.47	382.89	395.63	404.06			413.94(4.18%)	UT	OpenLong	75	0.5	32	-10000	10	97	0.5	68%	0.58	74.7	2.48%	0	1.7	68	1.9
23	Mar_8_2018	316.62	379.46	392.81	399.06			397.32(-2.59%)	UD	OpenLong	75	-0.1	25	-10000	5	85	0.95	66%	0.51	58.4	2.46%	0	1	58	0.8
24	Mar_7_2018	315	376.84	390.2	396.67			407.88(-0.58%)	UD	OpenLong	75	0.6	25	-10000	8	77	0.57	69%	0.57	42	2.42%	0	1.6	64	0.7
25	Mar_6_2018	313.2	373.92	386.68	392.69			410.25(4.95%)	UT	OpenLong	75	0.9	29	-10000	15	71	0.81	69%		29.1	2.42%	0	1.9	69	0.4
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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