Trading Signals: MELI Stock Price Prediction and Forecast

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

Fri. Jul. 17, 2020

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

(MercadoLibre Inc)
MELI latest price $964.2900 (1.03%) ($941.4400 - $972.9500) on Fri. Jul. 17, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.29% (three month average)
RSI   49
Latest Price   $964.2900(1.03%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -1.4% a day on average for past five trading days.
Weekly Trend   MELI declines -0.8% a week on average for past two weeks.
Market Behavior   Normal for large cap. Growth stock rally 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 -1.645% in a week (0% probabilities).
VIXM(-36%)    UUP(-22%)    VXX(-10%)    IYT(-7%)    TBT(-6%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.645% (StdDev 3.29%)
Hourly BBV 0.9 ()
Intraday Trend 0%

Inflection Point   Yes
Resistance Level   $983.5
5 Day Moving Average   $969.19(-0.51%)
10 Day Moving Average   $990.5(-2.65%)
20 Day Moving Average   $983.5(-1.95%)
To recent high   -6.8%
To recent low   68.9%
Market Cap   $47.935b

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 2.16% (three month std-dev: 3.29%) daily (68% of days).

Sample size 5 Average positive next day return: 1.74%(80%) Average negative next day return: -2.73%(20%) Sample size 5 Average positive next three day return: 3.55%(60%) Average negative next three day return: -1.83%(40%) Sample size 5 Average positive next weekly return: 3.5%(100%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200817

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_17_2020	727.58	983.5	990.5	969.19	965.26	957.94	964.29(1.03%)	DP	OpenShort	-75	-0.2	-194	-70	-224	-105	0.3	84%	0.51	43.1	3.29%	0.9	-0.9	49	1.9
2	Jul_16_2020	723.87	981.95	993.2	983.23	979.63	963.46	954.5(-1.76%)	DT	OpenShort	-75	-1.2	-260	-130	-306	-121	0.33	84%	0.46	67.5	3.33%	-0.7	-1.1	48	1.5
3	Jul_15_2020	720.58	981.42	996.13	996.09	997.5	972.59	971.61(0%)	DT	HoldShort	-50	-0.9	-376	-170	-448	-160	0.63	86%	0.49	88.2	3.33%	-0.5	-0.4	60	1.4
4	Jul_14_2020	717.09	980.52	997.9	1004.49	1008.03	995.79	971.56(-1.26%)	DT	OpenShort	-75	-1.2	-406	-70	-486	-166	0.66	86%	0.43	111.1	3.37%	-1.4	-0.3	50	0.9
5	Jul_13_2020	714.05	978.41	999.3	1011.77	1017.78	1022.41	984(-4.88%)	UD	OpenLong	75	-0.9	83	50	87	71	0.54	86%	0.36	119.3	3.37%	-1.3	0.2	51	0

6	Jul_10_2020	711.5	974.45	998.77	1014.14	1014.62	1018.33	1034.5(1.54%)	UT	OpenLong	75	0.6	128	30	138	99	0.29	100%	0.42	110.9	3.29%	2.4	1.8	74	1.2
7	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
8	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
9	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
10	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

11	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
12	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
13	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
14	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
15	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

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		86.6	4.5%	1.6	1.9	62	-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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