Trading Signals: MELI Stock Price Prediction and Forecast

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

Mon. May. 17, 2021

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

(MercadoLibre Inc)
MELI latest price $1338.1000 (1.07%) ($1304.0000 - $1338.1000) on Mon. May. 17, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.23% (three month average)
RSI   21
Latest Price   $1338.1000(1.07%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.7% a day on average for past five trading days.
Weekly Trend   MELI declines -8.5% a week on average for past two weeks.
Market Behavior   Growth stock sell-off for large cap. Value stock rally 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%)    IWO(69%)
Factors Impacting MELI price   MELI will decline at least -1.615% in a week (0% probabilities).
VIXM(-39%)    UUP(-21%)    VXX(-8%)    TBT(-3%)    IGOV(-0%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.615% (StdDev 3.23%)
Hourly BBV 1.1 ()
Intraday Trend 0%

Resistance Level   $1485.29
5 Day Moving Average   $1330.56(0.57%)
10 Day Moving Average   $1395.12(-4.09%)
20 Day Moving Average   $1485.29(-9.91%)
To recent high   -30.1%
To recent low   2.8%
Market Cap   $66.517b

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 7.27% (three month std-dev: 3.23%) daily (68% of days).

Sample size 22 Average positive next day return: 2.14%(55%) Average negative next day return: -3.78%(45%) Sample size 22 Average positive next three day return: 4.96%(59%) Average negative next three day return: -8.74%(41%) Sample size 22 Average positive next weekly return: 7.07%(64%) Average negative next weekly return: -10.16%(36%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210617

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	May_17_2021	1637.44	1485.29	1395.12	1330.56	1315.63	1326.72	1338.1(1.07%)	N/A	N/A	0	0.1	35	30	88	-123	0.36	26%	-0.19	-58.3	3.23%	1.1	-1.4	21	0.2
2	May_14_2021	1640.56	1496.97	1417.48	1339.7	1328.67	1312.97	1323.87(1.67%)	DP	OpenShort	-75	-0.2	-98	-110	-68	-186	0.43	26%	-0.23	-60.2	3.21%	0.7	-1.7	18	0.5
3	May_13_2021	1644.37	1510.93	1441.65	1370.57	1348.54	1304.53	1302.08(-0.38%)	DT	HoldShort	-65	-0.7	-921	-280	-1041	-560	0.74	26%	-0.23	-56.8	3.22%	-0.9	-2.1	17	-2
4	May_12_2021	1648.21	1526.56	1470.1	1398.32	1392.58	1344.37	1306.99(-5.41%)	DT	OpenShort	-75	-1.1	-934	-250	-1063	-548	0.66	26%	-0.27	-57.2	3.25%	-1.5	-2.6	25	-3.7
5	May_11_2021	1652.65	1539.75	1502.04	1441.34	1425.51	1392.54	1381.74(-0.15%)	DT	OpenShort	-75	-0.9	-957	-190	-1098	-533	0.65	27%	-0.2	-53.9	3.19%	-0.9	-2.3	28	-0.5

6	May_10_2021	1655.97	1551.12	1525	1468.99	1460.6	1440.79	1383.82(-6.39%)	DT	OpenShort	-75	-1.5	-498	-110	-565	-295	0.65	27%	-0.21	-47.7	3.2%	-1.8	-2.9	37	1
7	May_7_2021	1659.5	1562.31	1548.98	1506.46	1489.76	1458.48	1478.24(2.6%)	DP	OpenShort	-75	-0.6	-510	-180	-588	-277	0.44	30%	-0.13	-32	3.07%	-0.5	-1.9	42	2
8	May_6_2021	1661.59	1568.12	1561.66	1524.41	1512.61	1480.41	1440.8(-5.34%)	DT	OpenShort	-75	-2.1	-868	-170	-1012	-434	0.91	30%	-0.14	-14.8	3.07%	-1.7	-3.2	33	0.8
9	May_5_2021	1663.94	1576.18	1575.24	1552.7	1547.25	1521.04	1522.09(0.14%)	DP	OpenShort	-75	-1.1	-471	-130	-550	-234	0.35	32%	-0.09	22.4	3.03%	-0.6	-1.9	39	0.8
10	May_4_2021	1665.45	1577.69	1581.27	1572.37	1562.29	1544.82	1520(-3.26%)	DT	OpenShort	-75	-1.9	-631	-100	-743	-295	0.4	32%	-0.06	64.3	3.04%	-1.2	-2.1	49	0.4

11	May_3_2021	1666.49	1579.59	1583.53	1589.56	1589.11	1573.46	1571.2(0.21%)	DP	OpenShort	-75	-0.6	-167	-70	-198	-72	0.33	33%	-0.02	101.1	3.02%	-1.1	-0.3	47	1.1
12	Apr_30_2021	1666.81	1576.6	1582.89	1598.22	1598.19	1579.75	1567.96(-0.9%)	DT	OpenShort	-75	-1	-419	-80	-496	-189	0.23	39%	-0.01	121.3	3.11%	-1.6	-0.3	47	0.7
13	Apr_29_2021	1667.05	1574.08	1585.34	1604.81	1607.65	1604.77	1582.24(-2.36%)	DT	OpenShort	-75	-0.7	-194	-10	-232	-78	0.28	37%	0.03	132.1	3.13%	-1.4	0.2	50	1.3
14	Apr_28_2021	1666.59	1569.74	1586.85	1600.62	1612.31	1616.63	1620.43(0.9%)	UT	OpenLong	75	0.5	223	40	258	116	0.31	42%	0	125.4	3.15%	-0.1	1.3	54	1.3
15	Apr_27_2021	1666.54	1560.57	1579.43	1591.68	1595.8	1610.52	1605.96(-0.53%)	UD	OpenLong	75	0.3	97	70	112	52	0.28	40%	0.02	94.6	3.29%	-0	1	60	1.3

16	Apr_26_2021	1666.26	1550.96	1577.94	1576.46	1588.35	1607.99	1614.52(0.85%)	UT	OpenLong	75	0.7	509	110	598	242	0.32	38%	0.04	65.2	3.34%	1.5	1.1	60	1.2
17	Apr_23_2021	1665.65	1541.42	1575.1	1565.81	1567.05	1581.08	1600.91(2.54%)	UT	OpenLong	75	0.6	232	70	271	113	0.27	37%	0.03	53.6	3.39%	1.5	1	65	1.2
18	Apr_22_2021	1665.18	1531.83	1573.28	1563.96	1557.15	1568.72	1561.26(-0.92%)	UD	OpenLong	75	-0	141	40	162	77	0.31	37%	0.03	46.5	3.39%	0.4	0.4	60	0.8
19	Apr_21_2021	1664.76	1523.94	1576.08	1571.41	1564.75	1553.02	1575.73(3%)	UT	OpenLong	75	0.1	60	-70	62	52	0.28	37%	0.03	37	3.4%	1.2	0.7	65	1.7
20	Apr_20_2021	1664.22	1517.83	1573.08	1565.56	1570.33	1545.58	1529.86(-2.01%)	DT	OpenShort	-75	-0.5	-415	-100	-499	-163	0.38	39%	-0.02	28.8	3.38%	-1.3	0.2	68	1

21	Apr_19_2021	1664.49	1515.24	1575.7	1578.8	1574.48	1576.48	1561.29(-1.91%)	DT	OpenShort	-75	-0.2	-283	0	-351	-80	0.25	39%	0.03	27.5	3.42%	-1.1	0.6	76	1.3
22	Apr_16_2021	1664	1509.64	1570.71	1584.94	1583.18	1595.09	1591.66(-0.43%)	UD	OpenLong	75	0.1	299	50	329	207	0.27	39%	-0.05	23.8	3.43%	0.1	1.1	77	1.8
23	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
24	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
25	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%		28.6	3.44%	0.3	1.4	70	1.7
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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