Trading Signals: MELI Stock Price Prediction and Forecast

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Tue. Jun. 9, 2020

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

(MercadoLibre Inc)
MELI latest price $865.6000 (0.8%) ($848.6900 - $876.7300) on Tue. Jun. 9, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.89% (three month average)
RSI   65
Latest Price   $865.6000(0.8%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.1% a day on average for past five trading days.
Weekly Trend   MELI advances 1.9% a week on average for past two weeks.
Market Behavior   Value stocks 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)
IBUY(72%)    IPO(71%)    ONLN(70%)    IWF(69%)    QQQ(69%)
Factors Impacting MELI price   MELI will decline at least -2.445% in a week (0% probabilities).
VIXM(-36%)    UUP(-22%)    VXX(-11%)    TBT(-5%)    IYT(-5%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.445% (StdDev 4.89%)
Hourly BBV 0.7 ()
Intraday Trend 0%

5 Day Moving Average   $856.69(1.04%)
10 Day Moving Average   $849.4(1.91%)
20 Day Moving Average   $826.37(4.75%)
To recent high   -0.1%
To recent low   93.6%
Market Cap   $43.029b

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 3.99% (three month std-dev: 4.89%) daily (68% of days).

Sample size 37 Average positive next day return: 1.7%(49%) Average negative next day return: -1.51%(51%) Sample size 37 Average positive next three day return: 1.81%(65%) Average negative next three day return: -2.41%(35%) Sample size 37 Average positive next weekly return: 3.27%(38%) Average negative next weekly return: -2.19%(62%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200709

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	Jun_9_2020	648.69	826.37	849.4	856.69	859.59	859.85	865.6(0.8%)	UT	OpenLong	75	0.3	43	10	44	41	0.44	53%	0.35	88.7	4.89%	0.7	1.2	65	1
2	Jun_8_2020	646.45	822.16	846.34	855.62	857.18	857.04	858.69(-0.88%)	CR	SmallShort	-20	0.1	-19	0	-30	15	0.57	53%	0.3	115	5.14%	-0.6	1.1	67	1.6
3	Jun_5_2020	644.54	818.45	844.47	852.6	858.79	859.34	866.28(3.12%)	UT	OpenLong	75	0.4	45	30	43	51	0.41	51%	0.32	142.4	5.15%	0.8	1.5	72	2
4	Jun_4_2020	642.48	813.7	839.36	849.82	855.06	857.32	840.07(-1.49%)	UD	OpenLong	75	-0.3	20	40	12	42	0.45	53%	0.29	175.1	5.17%	-1.8	0.8	69	1.6
5	Jun_3_2020	640.62	809.12	838.29	847.11	851.64	858.24	852.79(-0.87%)	UD	OpenLong	75	0.2	96	70	100	84	0.54	53%	0.32	183.6	5.18%	-0.4	1.3	75	1.7

6	Jun_2_2020	638.56	798.11	833.77	840.61	843.88	852.81	860.25(1.97%)	UT	HoldLong	65	0.4	140	90	151	106	0.47	54%	0.27	120.1	5.2%	1.9	1.2	78	1.3
7	Jun_1_2020	636.81	786.06	827.27	835.72	831.05	845.03	843.63(-1.02%)	UD	OpenLong	75	0.1	102	100	107	88	0.3	54%	0.28	97.8	5.21%	0.5	0.9	67	1
8	May_29_2020	635.02	774.75	820.75	835.22	829.36	834.96	852.35(3.12%)	UT	OpenLong	75	0.2	171	30	188	119	0.56	54%	0.34	89.2	5.25%	1.6	1.1	68	1.3
9	May_28_2020	632.89	761.83	813.06	827.75	826.92	817.06	826.54(0.76%)	N/A	N/A	0	-0	-29	-90	-45	21	0.36	54%	0.32	78.1	5.28%	0.2	0.8	67	0.9
10	May_27_2020	630.9	750.9	807.46	828.14	823.65	823.75	820.29(-1.85%)	DT	OpenShort	-75	-0.1	-120	-20	-154	-17	0.65	52%	0.32	74.5	5.29%	-0.5	0.8	72	1.5

11	May_26_2020	628.89	740.15	801.88	825.34	829.34	836.78	835.77(-0.64%)	UD	OpenLong	75	0.1	159	80	169	130	0.55	52%	0.41	72.5	5.33%	0.2	1.1	89	1.3
12	May_22_2020	626.34	727.97	796.22	817.14	822.09	823.55	841.15(3.21%)	UT	HoldLong	65	0.3	82	30	72	110	0.44	47%	0.38	65.7	5.43%	1.9	1.2	90	1.2
13	May_21_2020	623.99	714.58	790.18	804.01	812.88	821.9	815(-1.63%)	UT	HoldLong	50	0.1	83	110	69	125	0.48	47%	0.32	61.3	5.46%	-0.5	1.1	90	1.1
14	May_20_2020	622.02	703.3	785.77	796.01	803.1	820.62	828.48(2.75%)	UT	HoldLong	65	0.3	241	180	248	221	0.52	47%	0.42	58.6	5.46%	0.7	1.3	93	1.5
15	May_19_2020	619.39	691.64	777.25	783.9	786.98	803.86	806.31(1.45%)	UT	HoldLong	65	0.2	235	160	236	232	0.67	47%	0.37	57	5.45%	0.9	1.2	87	0.9

16	May_18_2020	617.09	679.96	759.64	775.02	775.38	785.58	794.78(2.49%)	UT	HoldLong	65	0.2	175	90	165	205	0.42	47%	0.33	57.1	5.45%	1.2	1.3	86	1.4
17	May_15_2020	615.07	669.99	741.9	772.39	771.5	770.1	775.48(0.06%)	UT	HoldLong	65	0	57	-20	24	156	0.35	47%	0.3	62.5	5.45%	1.1	1.2	86	1
18	May_14_2020	613.23	660.7	725.83	774.37	775.23	765.17	774.98(0.91%)	N/A	N/A	0	0	-46	-90	-101	121	0.49	47%	0.28	70.5	5.49%	0.4	1.4	88	0.8
19	May_13_2020	611.54	652.12	707.44	773.86	780.81	772.89	767.97(0.8%)	N/A	N/A	0	-0.1	-40	-40	-97	130	0.65	48%	0.3	79.1	5.5%	-1.3	1.5	81	0.1
20	May_12_2020	609.73	642.82	690.81	769.18	778.39	785.28	761.91(-2.52%)	UD	OpenLong	75	-0.1	70	100	32	185	0.52	50%	0.29	85.8	5.5%	-1.4	1.6	76	1.2

21	May_11_2020	607.98	632.51	674.42	740.42	769.35	788.73	781.61(-0.48%)	UD	OpenLong	75	0.6	377	290	400	309	0.5	50%	0.33	81.6	5.57%	0.3	2	82	2.3
22	May_8_2020	606.01	620.12	654.56	705.49	727.08	771.5	785.4(1.68%)	UT	OpenLong	75	1.2	420	520	460	300	0.63	50%	0.35	81.4	5.53%	1.4	2.5	75	2
23	May_7_2020	603.9	606.96	632.28	669.62	681.83	749.96	772.41(3.74%)	UT	OpenLong	75	1.8	727	750	833	410	0.86	49%	0.33	83	5.57%	0.9	3	75	1.4
24	May_6_2020	601.91	594.9	612.61	631.9	643.33	682.65	744.55(20.46%)	UT	OpenLong	75	2.7	725	480	842	372	2.36	49%	0.28	95.2	5.58%	1.2	3.6	68	0.8
25	May_5_2020	600.25	583.43	596.67	602.85	604.87	613.69	618.11(1.83%)	UT	OpenLong	75	0.6	117	110	135	64	0.8	41%		123.6	4.94%	1.1	1.3	57	1.1
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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