Trading Signals: MELI Stock Price Prediction and Forecast

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

Mon. Jan. 25, 2021

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

(MercadoLibre Inc)
MELI latest price $1885.0000 (-4.29%) ($1885.0000 - $1885.0000) on Mon. Jan. 25, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.37% (three month average)
RSI   70
Latest Price   $1885.0000(-4.29%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.3% a day on average for past five trading days.
Weekly Trend   MELI advances 8.7% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Normal for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
IBUY(72%)    IPO(72%)    IWF(70%)    QQQ(70%)    IVW(69%)
Factors Impacting MELI price   MELI will decline at least -1.685% in a week (0% probabilities).
VIXM(-39%)    UUP(-22%)    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   -1.685% (StdDev 3.37%)
Hourly BBV -1.6 ()
Intraday Trend 0%

Inflection Point   Yes
5 Day Moving Average   $1937.94(-2.73%)
10 Day Moving Average   $1879.45(0.3%)
20 Day Moving Average   $1773.96(6.26%)
To recent high   -5%
To recent low   55.3%
Market Cap   $93.703b

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 7.07% (three month std-dev: 3.37%) daily (68% of days).

Sample size 29 Average positive next day return: 2.8%(45%) Average negative next day return: -3.35%(55%) Sample size 29 Average positive next three day return: 4.59%(45%) Average negative next three day return: -3.86%(55%) Sample size 29 Average positive next weekly return: 4.22%(59%) Average negative next weekly return: -6.82%(41%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210225

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_25_2021	1404.34	1773.96	1879.45	1937.94	1948.44	1927.35	1885(-4.29%)	DT	OpenShort	-75	-0.4	-418	-60	-537	-61	0.54	51%	0.6	52.8	3.37%	-1.6	0.9	70	0.8
2	Jan_22_2021	1396.02	1763.06	1863.85	1931.86	1951.88	1961.63	1969.48(1.5%)	UT	OpenLong	75	0.3	156	70	135	217	0.47	54%	0.66	51.8	3.31%	0.6	1.6	72	1.5
3	Jan_21_2021	1386.85	1750.12	1827.95	1907.8	1924.65	1969.53	1940.33(-2.17%)	UD	OpenLong	75	0.3	597	190	660	406	0.61	54%	0.56	52.9	3.31%	0	1.6	66	1.8
4	Jan_20_2021	1379.12	1737.21	1791.83	1878.76	1898.55	1942.13	1983.36(3.76%)	UT	OpenLong	75	1	1186	190	1360	662	0.56	56%	0.59	53.3	3.32%	1.4	2.3	72	1.7
5	Jan_19_2021	1371.05	1722.81	1757.51	1842.85	1853.28	1879.77	1911.51(3.07%)	UT	OpenLong	75	0.8	533	120	598	338	0.7	54%	0.71	59.4	3.32%	1.8	2.1	69	1.3

6	Jan_15_2021	1361.4	1710.24	1729.7	1813.41	1829.55	1854.97	1854.64(0.3%)	UT	OpenLong	75	0.5	581	120	660	343	0.5	54%	0.5	65.8	3.28%	0.3	1.9	64	0.7
7	Jan_14_2021	1354.66	1700.21	1710.33	1785.33	1805.43	1826.78	1849.17(3.01%)	UT	OpenLong	75	1	585	120	669	331	0.48	54%	0.48	71.1	3.28%	1.1	2.2	65	1.2
8	Jan_13_2021	1348.13	1690.4	1694.83	1735.12	1771.95	1804.13	1795.1(-0.49%)	UD	OpenLong	75	1	679	190	789	347	0.45	56%	0.44	62.6	3.3%	0	1.8	54	1.4
9	Jan_12_2021	1342.26	1681.38	1681.74	1689.79	1720.38	1784.08	1803.85(2.24%)	UT	OpenLong	75	2.2	1027	310	1207	485	0.56	56%	0.46	48.4	3.33%	1.1	2.3	58	1.1
10	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

11	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
12	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
13	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
14	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
15	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

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		108.2	3.2%	0.9	1.5	71	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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