Trading Signals: MELI Stock Price Prediction and Forecast

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

Mon. Jan. 11, 2021

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

(MercadoLibre Inc)
MELI latest price $1764.3100 (2.92%) ($1764.3100 - $1764.3100) on Mon. Jan. 11, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.32% (three month average)
RSI   52
Latest Price   $1764.3100(2.92%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 1.5% a day on average for past five trading days.
Weekly Trend   MELI declines -1.2% a week on average for past two weeks.
Market Behavior   Growth stock sell-off for large cap. Normal for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
IBUY(72%)    IPO(71%)    IWF(70%)    QQQ(70%)    IVW(69%)
Factors Impacting MELI price   MELI will decline at least -1.66% in a week (0% probabilities).
VIXM(-39%)    UUP(-21%)    VXX(-10%)    TBT(-5%)    IGOV(2%)
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 1.2 ()
Intraday Trend 0%

5 Day Moving Average   $1659.24(6.33%)
10 Day Moving Average   $1666.69(5.86%)
20 Day Moving Average   $1671.02(5.58%)
To recent high   0%
To recent low   45.3%
Market Cap   $87.704b

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 2.73% (three month std-dev: 3.32%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210211

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	Jan_11_2021	1336.16	1671.02	1666.69	1659.24	1661.43	1739.77	1764.31(2.92%)	UT	OpenLong	75	2.3	1283	330	1516	584	0.53	56%	0.43	41.4	3.32%	1.2	2	52	0.2
2	Jan_8_2021	1330.38	1662.22	1657.82	1634.77	1633.12	1656.68	1714.22(7.26%)	UT	OpenLong	75	1.8	1073	100	1273	473	0.67	58%	0.39	32	3.33%	1.8	1.2	53	1.6
3	Jan_7_2021	1325.26	1653.78	1652.66	1626.25	1614.8	1583.08	1598.13(1.89%)	DP	OpenShort	-75	-0.6	-511	-160	-589	-278	1.1	57%	0.3	27.4	3.23%	-0.5	-1.2	44	1.5
4	Jan_6_2021	1321.28	1655.17	1666.05	1649.04	1633.17	1609.57	1568.45(-5.01%)	DT	OpenShort	-75	-1.6	-773	-130	-903	-384	0.58	57%	0.28	45.9	3.27%	-1.8	-1.7	41	-0.4
5	Jan_5_2021	1317.56	1656.55	1680.11	1670.34	1669.19	1646.52	1651.1(0.56%)	DP	OpenShort	-75	-0.4	-195	-100	-228	-94	0.48	60%	0.36	64.9	3.19%	-0.8	-0.1	57	-0.5

6	Jan_4_2021	1312.8	1652.37	1687.28	1673.52	1676.23	1656.78	1641.94(-1.78%)	DT	OpenShort	-75	-0.6	-517	-80	-612	-233	0.79	60%	0.5	67	3.19%	-1.4	-0.2	58	-1.6
7	Dec_31_2020	1306.27	1648.6	1691.57	1683.08	1682.49	1691.86	1671.62(-2.37%)	DT	OpenShort	-75	-0.2	-67	40	-87	-8	0.21	59%	0.44	70.5	3.21%	-0.5	0.4	64	1.2
8	Dec_30_2020	1300.57	1641.57	1691.56	1682.86	1685.41	1695.68	1712.11(2.22%)	UT	OpenLong	75	0.5	393	50	450	221	0.28	59%	0.48	70.9	3.2%	1.7	1.1	75	1.3
9	Dec_29_2020	1294.34	1632.3	1687.07	1687.03	1674.81	1673.12	1674.94(0.48%)	DP	OpenShort	-75	-0.2	-123	-30	-159	-14	0.24	59%	0.43	76.6	3.2%	0.4	0.7	58	0.2
10	Dec_28_2020	1288.74	1626.45	1682.33	1692.06	1688.24	1675.14	1667(-1.34%)	CR	SmallShort	-20	-0.4	-72	-60	-102	18	0.26	61%	0.43	88.5	3.21%	0.4	0.6	61	1.2

11	Dec_24_2020	1283.2	1619.16	1676.87	1703.35	1696.51	1676.49	1689.72(1.15%)	DP	OpenShort	-75	-0.2	-368	-90	-455	-108	0.13	61%	0.37	100.7	3.19%	-2.4	1	66	1.3
12	Dec_23_2020	1278.49	1609.08	1667.64	1701.03	1703.6	1701.35	1670.53(-3.6%)	DT	OpenShort	-75	-0.4	-210	-0	-270	-30	0.34	58%	0.39	107.1	3.19%	-1.8	0.8	65	0.5
13	Dec_22_2020	1273.48	1597.92	1655.61	1700.24	1707.07	1716.54	1732.98(1.93%)	UT	HoldLong	65	0.4	300	50	329	213	0.29	63%	0.45	107.4	3.19%	1.8	1.7	76	-0.7
14	Dec_21_2020	1267.81	1583.76	1643.25	1687.09	1690.47	1705.85	1700.09(-1.35%)	UD	OpenLong	75	0.2	217	70	230	177	0.35	63%	0.46	115.3	3.22%	0.8	1.5	74	-1.6
15	Dec_18_2020	1261.97	1569.79	1630.96	1670.97	1680.17	1697.61	1723.41(2.7%)	UT	OpenLong	75	0.6	514	90	581	311	0.53	63%	0.5	114.3	3.21%	2.4	1.9	70	1.2

16	Dec_17_2020	1255.74	1552.18	1613.85	1646.85	1656.51	1675.08	1678.14(0.69%)	UT	OpenLong	75	0.4	347	100	388	224	0.32	63%	0.48	108.2	3.2%	0.9	1.5	71	1.6
17	Dec_16_2020	1249.76	1534.6	1601.34	1629.39	1636.4	1662.74	1666.56(-0.04%)	UD	OpenLong	75	0.4	501	130	570	295	0.45	63%	0.51	94.5	3.23%	0.9	1.4	73	1.5
18	Dec_15_2020	1243.45	1516.7	1586.75	1603.74	1617.47	1637.94	1667.24(2.95%)	UT	HoldLong	65	0.6	579	110	664	325	0.53	63%	0.49	84.4	3.25%	1.5	1.5	76	0.8
19	Dec_14_2020	1237.39	1497.87	1571.95	1593.41	1592.42	1610.07	1619.48(1.04%)	UT	OpenLong	75	0.3	192	80	207	146	0.48	63%	0.52	76.2	3.25%	0.9	1.2	71	-0.6
20	Dec_11_2020	1231.03	1482.3	1565.12	1585.16	1592.09	1597.01	1602.83(0.75%)	UT	OpenLong	75	0.2	361	30	403	236	0.35	63%	0.51	64	3.25%	1.4	1.1	73	0.3

21	Dec_10_2020	1224.76	1467.14	1556.34	1575.96	1585.85	1574.78	1590.84(3.42%)	N/A	N/A	0	0.1	-77	-30	-116	41	0.02	63%	0.47	54.2	3.25%	0.5	1.1	76	0.9
22	Dec_9_2020	1218.99	1452.87	1545.83	1568.92	1578.04	1587.16	1538.29(-4.79%)	CR	SmallShort	-20	-0.3	-102	60	-150	44	0.62	63%	0.43	52	3.25%	-1.8	0.8	77	1
23	Dec_8_2020	1213.74	1437.87	1536.88	1565.47	1578.18	1596.93	1615.61(2.37%)	UT	HoldLong	65	0.4	616	110	688	399	0.35	62%	0.49	48	3.19%	1.7	1.5	89	1.6
24	Dec_7_2020	1207.77	1423.18	1520.26	1546.99	1552.45	1568.92	1578.24(1.38%)	UT	HoldLong	65	0.3	240	80	244	228	0.32	62%	0.52	51.3	3.3%	1.6	1.4	89	1.1
25	Dec_4_2020	1201.57	1417.09	1504.48	1542.47	1541.64	1559.43	1556.8(0.07%)	UT	HoldLong	65	0.1	384	80	409	309	0.26	62%		65.4	3.32%	0.6	1.3	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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