Trading Signals: MELI Stock Price Prediction and Forecast

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Wed. Nov. 25, 2020

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

(MercadoLibre Inc)
MELI latest price $1482.9700 (3.17%) ($1445.0000 - $1484.5300) on Wed. Nov. 25, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.49% (three month average)
RSI   52
Latest Price   $1482.9700(3.17%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 2.4% a day on average for past five trading days.
Weekly Trend   MELI advances 3.3% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
IBUY(72%)    IPO(71%)    IWF(70%)    ONLN(69%)    QQQ(69%)
Factors Impacting MELI price   MELI will decline at least -1.745% in a week (0% probabilities).
VIXM(-38%)    UUP(-21%)    EDOC(-15%)    VXX(-10%)    TBT(-5%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.745% (StdDev 3.49%)
Hourly BBV 1.4 ()
Intraday Trend 0%

5 Day Moving Average   $1431.66(3.58%)
10 Day Moving Average   $1370.26(8.23%)
20 Day Moving Average   $1339.4(10.72%)
To recent high   0%
To recent low   51.3%
Market Cap   $73.718b

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 6.31% (three month std-dev: 3.49%) daily (68% of days).

Sample size 50 Average positive next day return: 2.01%(52%) Average negative next day return: -1.59%(48%) Sample size 50 Average positive next three day return: 3.22%(50%) Average negative next three day return: -2.88%(50%) Sample size 50 Average positive next weekly return: 3.7%(46%) Average negative next weekly return: -4.3%(54%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201225

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	Nov_25_2020	1166.77	1339.4	1370.26	1431.66	1439.59	1454.24	1482.97(3.17%)	UT	OpenLong	75	0.6	422	90	479	249	0.48	58%	0.41	46.6	3.49%	1.4	1.7	52	1.3
2	Nov_24_2020	1162.02	1328.4	1351.57	1398.61	1410.76	1439.07	1437.47(-0.93%)	UD	OpenLong	75	0.5	414	170	477	224	0.58	58%	0.38	37.2	3.47%	0.7	1.4	59	1.1
3	Nov_23_2020	1157.6	1320.21	1330.55	1371.21	1380.46	1424.93	1450.99(2.33%)	UT	OpenLong	75	1.1	802	250	939	389	0.64	58%	0.26	25.6	3.47%	1.4	1.8	65	1.1
4	Nov_20_2020	1154.64	1311.13	1317.19	1338.04	1344.36	1382.45	1417.91(3.57%)	UT	OpenLong	75	1.2	796	210	935	377	0.62	58%	0.38	14.3	3.46%	1.5	1.6	65	1.2
5	Nov_19_2020	1150.29	1305.24	1320.71	1315.07	1315.15	1335.99	1368.98(3.89%)	UT	OpenLong	75	0.8	473	110	551	238	0.48	57%	0.35	8.2	3.44%	1.7	1	63	1.3

6	Nov_18_2020	1146.33	1301.13	1325.96	1300.38	1302.21	1306.27	1317.68(1.32%)	UT	OpenLong	75	0.3	163	30	184	98	0.5	55%	0.29	4.4	3.41%	2.1	0.3	53	1.3
7	Nov_17_2020	1142.98	1299.99	1326.05	1297.65	1301.4	1294.32	1300.5(1.2%)	N/A	N/A	0	0	-43	-30	-59	4	0.4	56%	0.28	7.5	3.41%	0.3	0	54	1.6
8	Nov_16_2020	1139.75	1301.45	1320.63	1282.75	1302.54	1298.14	1285.11(-1.38%)	DT	OpenShort	-75	0	-54	20	-67	-16	0.43	56%	0.28	5.4	3.42%	-1.2	-0.3	52	1.6
9	Nov_13_2020	1136.61	1301.5	1315.14	1292.32	1292.46	1308.49	1303.09(0.59%)	DP	OpenShort	-75	0.2	-93	90	-113	-34	0.45	58%	0.29	14.6	3.42%	-0.5	0	54	1.5
10	Nov_12_2020	1133.27	1300.08	1307.37	1328.1	1306.16	1306.94	1295.5(-0.65%)	UD	OpenLong	75	-0.5	90	-50	98	65	0.63	58%	0.31	36	3.45%	0.2	-0.1	50	1.1

11	Nov_11_2020	1129.81	1298.4	1308.21	1356.78	1344.28	1276.43	1304.03(6.36%)	DP	OpenShort	-75	-0.8	-574	-380	-690	-226	0.7	58%	0.29	55.7	3.45%	-0.1	0.1	52	1.8
12	Nov_10_2020	1126.51	1295.31	1305.5	1359.17	1375.27	1305.39	1226.03(-8.02%)	DT	OpenShort	-75	-2.1	-1439	-320	-1708	-632	1.03	53%	0.22	64.1	3.38%	-1.5	-1.1	47	1.7
13	Nov_9_2020	1124.07	1298.06	1312.25	1360.67	1389.73	1412.13	1332.95(-10.06%)	DT	OpenShort	-75	-0.4	-144	180	-184	-25	0.96	57%	0.34	78.3	3.29%	-1.8	0.5	51	1.4
14	Nov_6_2020	1120.25	1292.41	1307.04	1337.13	1356	1445.15	1482.01(3%)	UT	OpenLong	75	2.2	1626	500	1903	793	0.56	63%	0.5	75	3.05%	1.2	2.8	67	1.7
15	Nov_5_2020	1114.63	1277.69	1287.89	1283.53	1295	1367.34	1438.88(9.34%)	UT	OpenLong	75	2.7	1838	420	2164	858	0.94	65%	0.46	72.3	3.03%	1.4	2.8	65	1

16	Nov_4_2020	1109.55	1263.46	1271.43	1256.22	1245.33	1266.85	1316(6.69%)	UT	OpenLong	75	1.2	677	90	804	294	0.59	61%	0.34	72.1	2.86%	1.4	1.1	58	0.8
17	Nov_3_2020	1105.84	1255.2	1268.7	1247.69	1242.78	1222.66	1233.49(1.5%)	DP	OpenShort	-75	-0.2	-125	-130	-139	-84	0.34	60%	0.28	61.8	2.74%	0.7	-0.4	52	-0.6
18	Nov_2_2020	1102.7	1249.04	1278.52	1257.41	1253	1223.82	1215.26(0.1%)	DP	OpenShort	-75	-0.6	-747	-170	-876	-361	0.41	60%	0.29	59.5	2.79%	-1.1	-0.5	44	-1.4
19	Oct_30_2020	1099.49	1243.8	1285.98	1270.56	1268.64	1262.9	1214.04(-6.78%)	DT	OpenShort	-75	-0.7	-429	-40	-508	-191	0.62	60%	0.33	58.6	2.8%	-1.6	-0.4	53	-1.7
20	Oct_29_2020	1095.86	1238.01	1292.81	1290.32	1282.94	1282.18	1302.3(2.27%)	UT	OpenLong	75	0.2	116	-20	123	94	0.39	67%	0.38	64.8	2.66%	2.7	0.8	67	-1.4

21	Oct_28_2020	1091.66	1228.85	1288.52	1288.51	1285.07	1274.39	1273.36(-0.68%)	DT	OpenShort	-75	-0.2	-195	-70	-246	-40	0.32	67%	0.38	66.5	2.7%	0.4	0.5	70	-2.6
22	Oct_27_2020	1087.54	1219.78	1285.54	1293.12	1291.41	1283.7	1282.07(0.08%)	DP	OpenShort	-75	-0.1	-250	-50	-317	-47	0.32	70%	0.4	69.6	2.72%	-0.6	0.7	73	-0.5
23	Oct_26_2020	1083.26	1210.12	1284.58	1303.39	1299.5	1295.75	1281.01(-2.43%)	CR	SmallShort	-20	-0.3	-130	-30	-187	42	0.35	70%	0.39	74.1	2.87%	-1	0.8	77	-0.4
24	Oct_23_2020	1079.07	1200.96	1278.75	1303.64	1311.74	1299.12	1312.88(1.52%)	UT	HoldLong	50	0.1	29	-50	-8	139	0.26	67%	0.44	77.6	2.85%	0.2	1.2	82	1.1
25	Oct_22_2020	1074.29	1188.42	1267.82	1295.45	1306.03	1303.26	1293.24(-0.24%)	N/A	N/A	0	-0	-218	10	-303	36	0.38	67%		78.1	2.89%	-1	1.1	83	1.2
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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