Trading Signals: MELI Stock Price Prediction and Forecast

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

Mon. Mar. 1, 2021

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

(MercadoLibre Inc)
MELI latest price $1715.3500 (4.31%) ($1715.3500 - $1715.3500) on Mon. Mar. 1, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3% (three month average)
RSI   35
Latest Price   $1715.3500(4.31%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.9% a day on average for past five trading days.
Weekly Trend   MELI declines -6.1% 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%)    IWF(71%)    ONLN(70%)    QQQ(70%)
Factors Impacting MELI price   MELI will decline at least -1.5% in a week (0% probabilities).
VIXM(-39%)    UUP(-22%)    VXX(-9%)    TBT(-5%)    IGOV(-4%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.5% (StdDev 3%)
Hourly BBV 1.3 ()
Intraday Trend 0%

Resistance Level   $1842.23
5 Day Moving Average   $1692.34(1.36%)
10 Day Moving Average   $1782.27(-3.75%)
20 Day Moving Average   $1842.23(-6.89%)
To recent high   -13.5%
To recent low   12.8%
Market Cap   $85.27b

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 5.37% (three month std-dev: 3%) daily (68% of days).

Sample size 1 Average positive next day return: 10.72%(100%) Average negative next day return: 0%(0%) Sample size 1 Average positive next three day return: 8.6%(100%) Average negative next three day return: %(0%) Sample size 1 Average positive next weekly return: 7.12%(100%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210401

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	Mar_1_2021	1597.67	1842.23	1782.27	1692.34	1670.5	1679.9	1715.35(4.31%)	UT	OpenLong	75	0.2	660	0	812	202	0.69	41%	0.34	-34.6	3%	1.3	-1.3	35	1
2	Feb_26_2021	1592.31	1846.43	1804.51	1707.04	1678	1626.36	1644.44(1.97%)	DP	OpenShort	-75	-0.7	-856	-270	-973	-504	0.59	38%	0.32	-40.7	2.95%	-0.8	-2.1	25	0.5
3	Feb_25_2021	1587.27	1857.69	1834.91	1760.96	1713.72	1661.1	1612.65(-5.91%)	DT	OpenShort	-75	-1.8	-1703	-300	-1980	-872	0.63	38%	0.31	-34.5	2.96%	-2.3	-2.9	26	0.2
4	Feb_24_2021	1582.4	1865.27	1866.36	1816.54	1792.81	1729.63	1713.92(-3.46%)	DT	OpenShort	-75	-1.5	-958	-290	-1113	-491	0.58	41%	0.41	-36.8	2.88%	-0.8	-2.2	35	1.4
5	Feb_23_2021	1575.91	1871.15	1884.4	1851.91	1837.21	1766.34	1775.35(-0.75%)	DT	OpenShort	-75	-1.2	-1703	-290	-1995	-827	0.71	44%	0.46	-33.3	2.84%	-0.7	-1.6	36	1.3

6	Feb_22_2021	1568.77	1877.1	1898.36	1884.83	1875.47	1855.99	1788.82(-6.54%)	DT	OpenShort	-75	-1.7	-1122	-90	-1317	-535	0.74	44%	0.47	-18.2	2.85%	-1.6	-1.5	39	1.1
7	Feb_19_2021	1561.37	1886.15	1912.4	1915.93	1912.71	1908.09	1914.04(1.24%)	UT	OpenLong	75	-0	163	-20	184	100	0.4	54%	0.54	5.9	2.73%	0.5	0.5	70	1.5
8	Feb_18_2021	1553.04	1887	1909.9	1921.34	1917.63	1894.96	1890.59(-0.01%)	DT	OpenShort	-75	-0.5	-460	-90	-551	-186	0.29	54%	0.54	19.6	2.76%	-0.3	0.1	57	1.3
9	Feb_17_2021	1544.63	1891.1	1908.57	1924.4	1930.91	1917.33	1890.74(-2.54%)	DT	OpenShort	-75	-0.5	-357	-40	-435	-121	0.38	54%	0.55	33	2.76%	-0.9	-0	68	1.4
10	Feb_16_2021	1536.21	1892.02	1910.48	1921.45	1932.78	1940.3	1939.94(-0.23%)	UD	OpenLong	75	0.3	103	40	102	105	0.38	54%	0.89	42.6	2.73%	0.2	0.8	61	1.2

11	Feb_12_2021	1522.61	1887.67	1905.93	1914.07	1916.79	1944.49	1944.32(0.17%)	UT	OpenLong	75	0.5	414	110	469	250	0.28	54%	0.62	50.5	2.72%	0.9	0.9	54	1.5
12	Feb_11_2021	1513.23	1882.78	1889.95	1908.75	1906.47	1925.27	1941.11(1.85%)	UT	OpenLong	75	0.5	642	70	744	337	0.35	58%	0.63	68.6	2.72%	1.5	1	48	1.3
13	Feb_10_2021	1503.74	1875.6	1880.17	1897.86	1899.73	1889.08	1905.87(1.59%)	UT	OpenLong	75	0.1	73	-40	79	53	0.31	52%	0.59	79.9	2.81%	1.2	0.5	48	1
14	Feb_9_2021	1494.99	1870.7	1862.91	1890.94	1894.93	1887.67	1876(-1.42%)	DT	OpenShort	-75	-0.2	-355	-20	-415	-175	0.34	47%	0.6	87.4	3.02%	-1.1	0.1	44	1.1
15	Feb_8_2021	1486.07	1865.63	1856.42	1897.29	1898.67	1910.38	1903.05(-0.76%)	UD	OpenLong	75	0.1	94	50	114	32	0.43	47%	0.63	94.5	3.3%	-0.2	0.6	50	1.1

16	Feb_5_2021	1476.74	1856.76	1853.71	1896.05	1899.84	1902.18	1917.71(1.65%)	UT	OpenLong	75	0.3	240	10	286	102	0.27	52%	0.66	89.1	3.31%	1.1	0.8	54	1.1
17	Feb_4_2021	1467.08	1841.77	1856.92	1867.82	1894.63	1886.95	1886.65(0.82%)	UT	OpenLong	75	0.2	85	10	105	25	0.2	55%	0.62	58.4	3.49%	0.5	0.5	53	1.1
18	Feb_3_2021	1457.99	1827	1861.1	1859.59	1865.08	1897.51	1871.28(-1.91%)	UD	OpenLong	75	0.1	21	130	27	2	0.25	55%	0.6	43.2	3.57%	-1.1	0.4	56	0.7
19	Feb_2_2021	1449.32	1816.62	1871	1829.54	1854.98	1902.32	1907.76(0.57%)	UT	OpenLong	75	0.7	1172	220	1382	543	0.35	55%	0.62	33.2	3.55%	1	0.8	58	-0.1
20	Feb_1_2021	1440.33	1803.66	1870.58	1809.55	1808.29	1832.66	1896.87(6.77%)	UT	OpenLong	75	0.7	469	90	554	214	0.55	55%	0.62	25.7	3.56%	1.4	0.8	60	-1.3

21	Jan_29_2021	1431.41	1792.5	1866.27	1807.17	1784.31	1807.64	1776.56(-3.73%)	UD	OpenLong	75	-0.3	64	50	75	32	0.69	48%	0.53	25.3	3.6%	0	-0.1	57	-2.7
22	Jan_28_2021	1423.83	1789.74	1874.85	1845.76	1813.45	1783.93	1845.47(7.23%)	UT	OpenLong	75	-0	60	-170	58	67	0.59	50%	0.57	33.3	3.56%	1.2	0.5	69	-2.2
23	Jan_27_2021	1415.71	1781.43	1871	1864.73	1844.16	1760.97	1721.02(-4.8%)	DT	OpenShort	-75	-1.2	-1430	-350	-1705	-605	0.92	46%	0.51	37.3	3.46%	-1.4	-0.5	66	-3
24	Jan_26_2021	1408.5	1779.62	1881.78	1917.2	1902.3	1842.96	1807.81(-4.09%)	DT	OpenShort	-75	-0.9	-1375	-240	-1654	-537	0.71	49%	0.3	47.6	3.4%	-1.8	0.2	64	0.3
25	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%		52.8	3.37%	-1.6	0.9	70	0.8
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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