Trading Signals: MELI Stock Price Prediction and Forecast

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

Thu. Apr. 15, 2021

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

(MercadoLibre Inc)
MELI latest price $1598.5100 (3.37%) ($1598.5100 - $1598.5100) on Thu. Apr. 15, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.46% (three month average)
RSI   79
Latest Price   $1598.5100(3.37%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.1% a day on average for past five trading days.
Weekly Trend   MELI advances 5.1% a week on average for past two weeks.
Market Behavior   Broad based 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(71%)    IWF(70%)    IVW(69%)    ONLN(69%)
Factors Impacting MELI price   MELI will decline at least -1.73% in a week (0% probabilities).
VIXM(-39%)    UUP(-21%)    VXX(-8%)    IGOV(-5%)    TBT(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.73% (StdDev 3.46%)
Hourly BBV 0.3 ()
Intraday Trend 0%

5 Day Moving Average   $1584(0.92%)
10 Day Moving Average   $1562.84(2.28%)
20 Day Moving Average   $1501.78(6.44%)
To recent high   -19.4%
To recent low   16.5%
Market Cap   $79.462b

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 4.73% (three month std-dev: 3.46%) 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

> 20210515

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	Apr_15_2021	1664.76	1501.78	1562.84	1584	1583.3	1572.48	1598.51(3.37%)	UT	HoldLong	65	0.2	56	-50	40	104	0.35	39%	0.07	15.2	3.46%	0.3	1.4	79	1.8
2	Apr_14_2021	1663.55	1497.92	1552.02	1582.14	1580.75	1571.28	1546.46(-3.11%)	DT	OpenShort	-75	-0.5	-342	-40	-432	-71	0.33	39%	0.07	22.2	3.43%	0.1	0.7	77	1.4
3	Apr_13_2021	1662.4	1497.51	1541.45	1581.3	1592.18	1594.11	1596.1(0.26%)	UT	OpenLong	75	0.2	176	30	177	172	0.27	39%	0.09	28.6	3.44%	0.3	1.4	70	1.7
4	Apr_12_2021	1660.87	1495.63	1522.78	1571.72	1578.72	1590.23	1591.99(0.32%)	UT	OpenLong	75	0.3	109	60	102	130	0.21	39%	0.11	39.6	3.44%	0.5	1.4	64	1.8
5	Apr_9_2021	1659.04	1492.64	1505.48	1553.84	1567.74	1590.25	1586.93(-0.15%)	UD	OpenLong	75	0.5	468	130	528	287	0.33	39%	0.14	39.4	3.44%	0.7	1.5	67	1.5

6	Apr_8_2021	1656.75	1490.98	1486.94	1538.4	1546.3	1567.21	1589.24(3.05%)	UT	OpenLong	75	0.8	451	110	512	268	0.5	43%	0.17	41.2	3.47%	1.5	1.5	68	1.5
7	Apr_7_2021	1653.89	1482.97	1466.92	1518.06	1524.65	1545.23	1542.26(-0.38%)	UD	OpenLong	75	0.4	350	110	401	195	0.27	43%	0.15	26.8	3.57%	0.5	1	49	1.4
8	Apr_6_2021	1651.34	1478.23	1457.14	1495.27	1510.98	1525.39	1548.2(3.04%)	UT	OpenLong	75	0.9	478	100	560	233	0.51	41%	0.17	2.2	3.58%	1.2	1.2	47	1.2
9	Apr_5_2021	1648.57	1469.57	1448.57	1466.23	1481	1504.07	1502.57(-0.47%)	UD	OpenLong	75	0.6	280	140	335	114	0.32	41%	0.35	-35.4	3.61%	0.1	0.5	39	1.3
10	Apr_1_2021	1642.82	1467.75	1442.48	1449.28	1453.93	1496.57	1509.73(1.49%)	UT	OpenLong	75	1	610	210	730	251	0.58	41%	0.13	-57.3	3.59%	0.7	0.7	44	1.3

11	Mar_31_2021	1640.68	1465.32	1434.47	1427.73	1431.99	1457.93	1487.56(4.15%)	UT	OpenLong	75	1	682	140	822	261	0.42	41%	0.17	-76.9	3.62%	1.6	0.4	39	1.2
12	Mar_30_2021	1637.95	1466.94	1437.76	1408.8	1411.43	1411.29	1428.3(1.8%)	N/A	N/A	0	0.3	109	0	149	-12	0.38	39%	0.06	-84.8	3.58%	1.2	-0.5	52	1.2
13	Mar_29_2021	1636.96	1476.83	1448.98	1413.74	1402.22	1406.04	1403(-1.04%)	DT	OpenShort	-75	-0.1	-189	-10	-205	-142	0.45	39%	-0.05	-75.2	3.59%	0.1	-0.9	48	1
14	Mar_26_2021	1637.78	1491.65	1465.91	1428.32	1416.9	1411.57	1417.81(1.13%)	N/A	N/A	0	-0.1	53	-50	72	-3	0.45	39%	-0.01	-72.1	3.56%	0.2	-0.8	58	1.4
15	Mar_25_2021	1638	1502.64	1478.9	1434.46	1430.02	1398.4	1401.97(0.65%)	DP	OpenShort	-75	-0.4	-354	-160	-410	-184	0.57	39%	0.05	-82.7	3.59%	-0.5	-1.1	47	1.1

16	Mar_24_2021	1637.11	1513.21	1496.1	1441.53	1439.03	1422.24	1392.93(-4.13%)	DT	OpenShort	-75	-0.5	-555	-90	-651	-266	0.51	39%	0.1	-87.9	3.61%	-1.9	-1.2	47	1
17	Mar_23_2021	1635.44	1528.94	1502.19	1470.34	1450.37	1461.65	1453.01(-1.55%)	DT	OpenShort	-75	-0.2	-86	10	-102	-38	0.37	39%	0.15	-81.3	3.58%	-1.1	-0.7	46	1.1
18	Mar_22_2021	1632.97	1544.25	1503.1	1489.75	1471.37	1455.83	1475.87(1.89%)	UT	OpenLong	75	-0.1	58	-110	69	24	0.38	39%	0.17	-76.7	3.61%	1	-0.6	40	1.9
19	Mar_19_2021	1630.24	1559.06	1494.33	1510.39	1490.01	1439.1	1448.52(0.78%)	DP	OpenShort	-75	-0.5	-805	-280	-940	-401	0.61	39%	0.09	-66.6	3.58%	-0.9	-0.8	34	1.6
20	Mar_18_2021	1628.72	1581.17	1497.24	1530.57	1521.63	1486.9	1437.34(-6.48%)	DT	OpenShort	-75	-0.6	-831	-180	-969	-418	0.72	39%	0.11	-59.3	3.61%	-1.6	-1	39	1.2

21	Mar_17_2021	1627.01	1603.11	1501.07	1557.74	1547.07	1540.92	1536.98(-0.84%)	DT	OpenShort	-75	-0.1	-252	-50	-288	-145	0.44	41%	0.16	-53.3	3.53%	-0.2	-0.4	46	2.1
22	Mar_16_2021	1624.35	1619.75	1499.48	1537.23	1556.12	1556.36	1550.06(-1.84%)	UD	OpenLong	75	0.1	231	40	289	55	0.4	41%	0.17	-52.5	3.53%	-0.3	-0.4	41	1.9
23	Mar_15_2021	1621.55	1638.06	1506.37	1517.38	1528.24	1553.22	1579.04(1.91%)	UT	OpenLong	75	0.4	172	140	227	5	0.35	41%	0.17	-54.3	3.53%	1	-0.3	39	2.4
24	Mar_12_2021	1618.78	1655.16	1517.06	1475.93	1498.98	1555.88	1549.42(-1.51%)	UD	OpenLong	75	0.4	916	310	1112	327	0.47	41%	0.17	-56.6	3.51%	0.7	-0.6	37	1.8
25	Mar_11_2021	1616.11	1673.98	1524.97	1460.01	1457.28	1503.27	1573.19(9.67%)	UT	OpenLong	75	0.6	948	220	1159	314	0.82	41%		-56	3.53%	1.7	-0.5	33	1.5
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

Click to see actual return for next trading day.