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     Wed. Jul. 29, 2020

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

(MercadoLibre Inc)

MELI latest price $1086.0900 (4.3%) ($1053.7500 - $1095.4900) on Wed. Jul. 29, 2020.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  3.42% (three month average)
RSI   58
Latest Price   $1086.0900(4.3%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI advances 1.3% a day on average for past five trading days.
Weekly Trend  MELI advances 2.1% 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(73%)    IPO(72%)    ONLN(71%)    IWF(70%)    QQQ(69%)  
Factors Impacting MELI price  MELI will decline at least -1.71% 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  -1.71% (StdDev 3.42%)
Hourly BBV   1.3 ()
Intraday Trend   0%
  
 

  


5 Day Moving Average  $1033.37(5.1%)
10 Day Moving Average  $1016.86(6.81%)
20 Day Moving Average  $1006.55(7.9%)
To recent high  0%
To recent low  86%
Market Cap  $53.989b
 
 
 
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 3.33% (three month std-dev: 3.42%) daily (68% of days).

Sample size 47   Average positive next day return: 1.38%(55%)   Average negative next day return: -1.05%(45%)
Sample size 47   Average positive next three day return: 1.95%(57%)   Average negative next three day return: -2.14%(43%)
Sample size 47   Average positive next weekly return: 2.43%(49%)   Average negative next weekly return: -2.69%(51%)

Analysis   News   Options   Weekly Chart   Daily Chart   2 Month Daily Chart   

  >  20200829

iDateema100ema20ema10 ema5 Slow Hourly
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1Jul_29_2020761.341006.551016.861033.37 1041.13 1063.751086.09(4.3%)UTOpenLong751.6   347   170   397   195   0.47    84%0.6646.83.42%1.32.4581.6
2Jul_28_2020756.371001.141004.971020.06 1019.43 1050.151041.36(-2.44%)UDOpenLong750.8   450   210   524   227   0.3    82%0.68443.39%0.51.4541.5
3Jul_27_2020751.26997.98997.851015.57 1013.25 1018.511067.44(7.78%)UTOpenLong751.9   411   30   481   200   0.56    82%0.6241.13.37%2.32.6591.5
4Jul_24_2020746.64993.05988.771006.99 1009.48 988.7990.37(0.9%)DPOpenShort-75-0.8   -307   -140   -360   -147   0.45    79%0.543.73.27%-0.5-0.1501.2
5Jul_23_2020742.94992.25992.71001.77 1016.89 1007.99981.57(-3.73%)DTOpenShort-75-0.9   -221   -20   -259   -105   0.38    79%0.4546.53.3%0.6-0.5511.3
 
6Jul_22_2020739.6991.11996.29996.36 1008.69 1030.251019.55(0.06%)UTOpenLong751   195   190   229   92   0.34    87%0.5541.13.27%0.81.2611.8
7Jul_21_2020735.59988.92995.24986.77 991.86 1025.791018.9(-0.55%)UDOpenLong751.4   630   250   742   292   0.41    87%0.5236.93.3%-1.41.3581.8
8Jul_20_2020731.75987.03993.75977.3 975.29 987.131024.55(6.25%)UTOpenLong752.1   447   80   529   202   0.46    87%0.5739.53.36%1.91.7602.2
9Jul_17_2020727.58983.5990.5969.19 965.26 957.94964.29(1.03%)DPOpenShort-75-0.2   -194   -70   -224   -105   0.3    84%0.5143.13.29%0.9-0.9491.9
10Jul_16_2020723.87981.95993.2983.23 979.63 963.46954.5(-1.76%)DTOpenShort-75-1.2   -260   -130   -306   -121   0.33    84%0.4667.53.33%-0.7-1.1481.5
 
11Jul_15_2020720.58981.42996.13996.09 997.5 972.59971.61(0%)DTHoldShort-50-0.9   -376   -170   -448   -160   0.63    86%0.4988.23.33%-0.5-0.4601.4
12Jul_14_2020717.09980.52997.91004.49 1008.03 995.79971.56(-1.26%)DTOpenShort-75-1.2   -406   -70   -486   -166   0.66    86%0.43111.13.37%-1.4-0.3500.9
13Jul_13_2020714.05978.41999.31011.77 1017.78 1022.41984(-4.88%)UDOpenLong75-0.9   83   50   87   71   0.54    86%0.36119.33.37%-1.30.2510
14Jul_10_2020711.5974.45998.771014.14 1014.62 1018.331034.5(1.54%)UTOpenLong750.6   128   30   138   99   0.29    100%0.42110.93.29%2.41.8741.2
15Jul_9_2020708.52965.7992.321004.74 1010.86 1011.871018.77(0.51%)UTHoldLong650.4   66   30   65   69   0.46    100%0.490.83.32%0.71.3770.8
 
16Jul_8_2020705.7959.15985.84996.47 1005.66 1010.991013.6(0.56%)UTOpenLong750.4   91   60   96   76   0.39    100%0.4286.93.34%0.31.3720.9
17Jul_7_2020702.78951.9981.97990.8 997.17 1009.871008(1.22%)UTOpenLong750.4   192   110   215   124   0.41    100%0.4579.83.36%0.11.3650.7
18Jul_6_2020699.64944.57979.23985.35 989.38 1000.33995.81(0.84%)UTOpenLong750.2   273   90   308   166   0.62    100%0.3574.83.38%-01.1691.1
19Jul_2_2020697.17938.18975.19981.1 981.4 984.47987.54(1.04%)UTOpenLong750.1   116   20   122   96   0.32    100%0.4267.93.6%0.81720.8
20Jul_1_2020694.24931.01969.28977.97 977.05 978.43977.39(-0.8%)UDOpenLong75-0   41   10   32   69   0.53    83%0.4866.93.61%-0.30.9770.6
 
21Jun_30_2020690.92924.89965.35973.21 973.62 978.34985.24(0.46%)UTOpenLong750.2   77   40   73   87   0.3    83%0.4967.73.8%0.51.2680.3
22Jun_29_2020687.58918.59961.65971.69 968.93 975.66980.77(0.63%)UTOpenLong750.2   74   40   66   98   0.33    83%0.569.53.8%0.31.271-0.2
23Jun_26_2020684.16911.73955.97972.37 971.74 968.9974.58(0.28%)UTOpenLong750   93   -20   85   118   0.5    83%0.4672.43.85%0.71.371-0.9
24Jun_25_2020681.06905.54948.57968.47 972.22 962.19971.88(1.92%)N/AN/A00.1   -84   -60   -125   38   0.31    83%0.45743.85%-0.51.369-0.3
25Jun_24_2020678.04898.27937.45959.11 968.27 974.59953.56(-2.47%)N/AN/A0-0.1   -6   70   -32   71   0.46    85%69.23.86%-1.61.171-0.7
iDateema100ema20ema10 ema5 Slow Hourly
Trend
Fast Hourly
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ClosePatternTradePSMA5
BBV
 WTF lsma10
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ema5
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ema10
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Volume
millions
Quarterly
Strength
100
Daily
Trend
Daily
Trend
Force
Daily
StdDev
Hourly
BBV
BBVRSIVIXCD
Click to see actual return for next trading day.
 
 
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