Trading Signals: MELI Stock Price Prediction and Forecast

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Thu. Jul. 9, 2020

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

(MercadoLibre Inc)
MELI latest price $1018.7700 (0.51%) ($991.8210 - $1026.2600) on Thu. Jul. 9, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.32% (three month average)
RSI   77
Latest Price   $1018.7700(0.51%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.8% a day on average for past five trading days.
Weekly Trend   MELI advances 2.4% 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(73%)    IPO(72%)    ONLN(71%)    IWF(70%)    QQQ(69%)
Factors Impacting MELI price   MELI will decline at least -1.66% in a week (0% probabilities).
VIXM(-36%)    UUP(-22%)    VXX(-10%)    IYT(-7%)    TBT(-6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.66% (StdDev 3.32%)
Hourly BBV 0.7 ()
Intraday Trend 0%

Inflection Point   Yes
5 Day Moving Average   $1004.74(1.4%)
10 Day Moving Average   $992.32(2.67%)
20 Day Moving Average   $965.7(5.5%)
To recent high   0%
To recent low   91.2%
Market Cap   $50.643b

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 4.11% (three month std-dev: 3.32%) daily (68% of days).

Sample size 14 Average positive next day return: 1.76%(57%) Average negative next day return: -1.31%(43%) Sample size 14 Average positive next three day return: 2.49%(57%) Average negative next three day return: -4.12%(43%) Sample size 14 Average positive next weekly return: 2.29%(57%) Average negative next weekly return: -3.45%(43%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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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	Jul_9_2020	708.52	965.7	992.32	1004.74	1010.86	1011.87	1018.77(0.51%)	UT	HoldLong	65	0.4	66	30	65	69	0.46	100%	0.4	90.8	3.32%	0.7	1.3	77	0.8
2	Jul_8_2020	705.7	959.15	985.84	996.47	1005.66	1010.99	1013.6(0.56%)	UT	OpenLong	75	0.4	91	60	96	76	0.39	100%	0.42	86.9	3.34%	0.3	1.3	72	0.9
3	Jul_7_2020	702.78	951.9	981.97	990.8	997.17	1009.87	1008(1.22%)	UT	OpenLong	75	0.4	192	110	215	124	0.41	100%	0.45	79.8	3.36%	0.1	1.3	65	0.7
4	Jul_6_2020	699.64	944.57	979.23	985.35	989.38	1000.33	995.81(0.84%)	UT	OpenLong	75	0.2	273	90	308	166	0.62	100%	0.35	74.8	3.38%	-0	1.1	69	1.1
5	Jul_2_2020	697.17	938.18	975.19	981.1	981.4	984.47	987.54(1.04%)	UT	OpenLong	75	0.1	116	20	122	96	0.32	100%	0.42	67.9	3.6%	0.8	1	72	0.8

6	Jul_1_2020	694.24	931.01	969.28	977.97	977.05	978.43	977.39(-0.8%)	UD	OpenLong	75	-0	41	10	32	69	0.53	83%	0.48	66.9	3.61%	-0.3	0.9	77	0.6
7	Jun_30_2020	690.92	924.89	965.35	973.21	973.62	978.34	985.24(0.46%)	UT	OpenLong	75	0.2	77	40	73	87	0.3	83%	0.49	67.7	3.8%	0.5	1.2	68	0.3
8	Jun_29_2020	687.58	918.59	961.65	971.69	968.93	975.66	980.77(0.63%)	UT	OpenLong	75	0.2	74	40	66	98	0.33	83%	0.5	69.5	3.8%	0.3	1.2	71	-0.2
9	Jun_26_2020	684.16	911.73	955.97	972.37	971.74	968.9	974.58(0.28%)	UT	OpenLong	75	0	93	-20	85	118	0.5	83%	0.46	72.4	3.85%	0.7	1.3	71	-0.9
10	Jun_25_2020	681.06	905.54	948.57	968.47	972.22	962.19	971.88(1.92%)	N/A	N/A	0	0.1	-84	-60	-125	38	0.31	83%	0.45	74	3.85%	-0.5	1.3	69	-0.3

11	Jun_24_2020	678.04	898.27	937.45	959.11	968.27	974.59	953.56(-2.47%)	N/A	N/A	0	-0.1	-6	70	-32	71	0.46	85%	0.37	69.2	3.86%	-1.6	1.1	71	-0.7
12	Jun_23_2020	675.56	891.66	930.97	955.59	959.89	982.25	977.68(-0.66%)	UD	OpenLong	75	0.4	326	180	358	231	0.45	85%	0.46	70.3	3.89%	0.7	1.7	71	-0
13	Jun_22_2020	672.5	884.33	919.8	949.91	947.67	961.95	984.17(3.05%)	UT	OpenLong	75	0.7	342	100	377	236	0.5	85%	0.49	76.4	3.88%	1.7	2.1	70	-0.2
14	Jun_19_2020	669.23	876.79	907.02	937.58	940.53	937.53	955.05(3.24%)	UT	OpenLong	75	0.4	116	-10	113	123	0.51	85%	0.44	86.7	3.9%	1.9	1.9	70	-0.8
15	Jun_18_2020	666.33	869.64	897.93	926.02	933.51	933.39	925.08(-1.16%)	N/A	N/A	0	-0	-20	20	-44	53	0.42	73%	0.39	89.6	3.9%	-1.3	1.4	64	-0.7

16	Jun_17_2020	663.71	864.68	889.63	911.9	923.35	943.53	935.96(-1.41%)	UD	OpenLong	75	0.7	241	190	267	164	0.49	75%	0.4	90.6	4.09%	-0.3	1.9	70	-0.9
17	Jun_16_2020	661.04	858.06	881.07	901.93	904.26	933.62	949.3(2.9%)	UT	OpenLong	75	1.4	440	240	502	255	0.63	64%	0.46	95	4.11%	1.1	2.6	74	-1
18	Jun_15_2020	658.03	850.12	871.51	885.19	887.44	903.17	922.53(2.82%)	UT	OpenLong	75	1.2	359	130	411	204	0.65	64%	0.41	96.3	4.45%	1.4	2.4	66	-1.3
19	Jun_12_2020	655.36	842.72	863.26	872.42	874.63	874.89	897.25(5.01%)	UT	OpenLong	75	0.9	90	10	97	68	0.76	60%	0.37	86.6	4.5%	1.6	1.9	62	-1.4
20	Jun_11_2020	652.97	836.63	858.45	866.23	865.81	871.71	854.46(-3.57%)	CR	SmallShort	-20	-0.4	-16	50	-27	19	0.48	54%	0.3	80.6	4.64%	-2.3	0.6	61	-2.6

21	Jun_10_2020	651.02	832.54	856.01	863.35	865.8	874.36	886.1(2.37%)	UT	OpenLong	75	0.7	173	80	196	105	0.45	58%	0.36	74.7	4.73%	1.7	1.7	64	0.9
22	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
23	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
24	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
25	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%		175.1	5.17%	-1.8	0.8	69	1.6
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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