Trading Signals: MELI Stock Price Prediction and Forecast

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Mon. Jun. 28, 2021

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

(MercadoLibre Inc)
MELI latest price $1568.4800 (1.69%) ($1568.4800 - $1568.4800) on Mon. Jun. 28, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.16% (three month average)
RSI   91
Latest Price   $1568.4800(1.69%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 1.2% a day on average for past five trading days.
Weekly Trend   MELI advances 6.1% a week on average for past two weeks.
Market Behavior   Rotation from value to growth for large cap. Value stock sell-off 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 -1.08% in a week (0% probabilities).
VIXM(-39%)    UUP(-21%)    VXX(-7%)    TBT(-3%)    IGOV(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.08% (StdDev 2.16%)
Hourly BBV 1.6 ()
Intraday Trend 0%

5 Day Moving Average   $1537.45(2.02%)
10 Day Moving Average   $1496.24(4.83%)
20 Day Moving Average   $1428.37(9.81%)
To recent high   -3.2%
To recent low   20.5%
Market Cap   $77.969b

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 5.78% (three month std-dev: 2.16%) daily (68% of days).

Sample size 50 Average positive next day return: 1.49%(44%) Average negative next day return: -1.8%(56%) Sample size 50 Average positive next three day return: 3.76%(38%) Average negative next three day return: -3.31%(62%) Sample size 50 Average positive next weekly return: 4.45%(44%) Average negative next weekly return: -3.97%(56%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210728

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	Jun_28_2021	1523.29	1428.37	1496.24	1537.45	1547.68	1559.78	1568.48(1.69%)	UT	HoldLong	65	0.4	518	70	560	392	0.22	43%	-0.23	55.5	2.16%	1.6	1.7	91	1.7
2	Jun_25_2021	1526.85	1417.52	1482.17	1519.03	1529.9	1546.73	1542.48(0.01%)	UT	HoldLong	65	0.3	517	100	557	395	0.25	43%	-0.23	53	2.16%	0.1	1.6	86	2
3	Jun_24_2021	1530.36	1408.47	1467.09	1505.3	1508.97	1535.58	1542.37(0.89%)	UT	HoldLong	65	0.5	698	130	769	483	0.3	39%	-0.22	52.1	2.16%	0.8	1.9	86	1.7
4	Jun_23_2021	1533.72	1399.96	1450.46	1489.11	1491.84	1513.08	1528.79(1.57%)	UT	HoldLong	65	0.6	866	110	970	555	0.27	39%	-0.25	55.9	2.22%	1.3	2	84	1.7
5	Jun_22_2021	1537.58	1391.2	1429.92	1468.69	1472.15	1482.36	1505.12(1.95%)	UT	OpenLong	75	0.6	465	60	506	343	0.37	39%	-0.26	55.1	2.22%	1.4	2	70	1.4

6	Jun_21_2021	1541.58	1383.98	1410.74	1448.7	1455.23	1470.59	1476.4(0.17%)	UT	OpenLong	75	0.6	381	90	415	277	0.33	39%	-0.2	54.6	2.22%	0.9	1.9	66	0.6
7	Jun_18_2021	1544.65	1378.09	1395.66	1439.58	1439.38	1461.94	1473.85(0.85%)	UT	OpenLong	75	0.8	580	110	653	359	0.39	34%	-0.24	60.2	2.22%	1.1	2.2	67	-0.2
8	Jun_17_2021	1548.44	1372.54	1380.18	1422.91	1428.62	1439.87	1461.39(2.43%)	UT	OpenLong	75	1	598	70	683	341	0.46	34%	-0.17	66.4	2.36%	2.1	2.3	63	1
9	Jun_16_2021	1551.09	1365.28	1366.03	1406.01	1414.1	1416.82	1426.68(1.53%)	UT	OpenLong	75	0.6	155	30	170	109	0.34	31%	-0.25	63.7	2.35%	0.1	1.8	55	0.9
10	Jun_15_2021	1554.98	1361	1359.08	1384.81	1400.88	1417.37	1405.19(-1.79%)	UD	OpenLong	75	0.7	349	120	405	181	0.41	31%	-0.31	45.4	2.35%	-0.3	1.4	57	1

11	Jun_14_2021	1559.87	1357.5	1354.92	1366.05	1380.08	1411.38	1430.81(2.9%)	UT	OpenLong	75	2.2	824	190	969	387	0.38	31%	-0.35	23	2.35%	1.5	2.5	59	1.4
12	Jun_11_2021	1565.37	1351.91	1346.99	1345.06	1350.22	1384.4	1390.5(0.99%)	UT	OpenLong	75	1.8	829	190	983	368	0.48	39%	-0.36	-23.2	2.33%	1	1.5	54	1.4
13	Jun_10_2021	1570.98	1347.52	1344.41	1331.36	1333.96	1348.78	1376.85(4.25%)	UT	OpenLong	75	1.8	662	80	789	280	0.53	39%	-0.39	-61.6	2.62%	1.6	1.1	49	1.2
14	Jun_9_2021	1577.17	1344.07	1344.55	1320.95	1320.12	1316.05	1320.7(0.71%)	DP	OpenShort	-75	-0	-72	-20	-74	-66	0.32	41%	-0.38	-107.2	2.57%	0.3	-0.9	53	1
15	Jun_8_2021	1583.2	1347.06	1349.14	1329.81	1320.83	1319.14	1311.39(-1.09%)	DT	OpenShort	-75	-0.7	-221	-30	-252	-126	0.42	37%	-0.18	-119.1	2.67%	-0.9	-1.3	44	1.2

16	Jun_7_2021	1586	1350.69	1355.51	1341.67	1334.23	1324.2	1325.86(0.29%)	DP	OpenShort	-75	-0.6	-80	-70	-91	-46	0.26	37%	-0.34	-139.6	2.79%	-0.4	-0.9	50	1.4
17	Jun_4_2021	1591.45	1357.79	1360	1348.83	1345.18	1322.52	1322(-0.21%)	DT	OpenShort	-75	-0.7	-427	-130	-503	-198	0.29	35%	-0.34	-104.3	2.79%	-1.1	-0.9	53	1.5
18	Jun_3_2021	1596.88	1363.5	1365.54	1358.91	1355.21	1344.26	1324.82(-2.94%)	DT	OpenShort	-75	-0.8	-462	-60	-550	-198	0.3	31%	-0.3	-105.7	2.84%	-1.5	-0.9	58	1.2
19	Jun_2_2021	1601.73	1372.77	1366.12	1371.17	1367.43	1367.84	1365(-0.41%)	N/A	N/A	0	-0.1	-14	-10	-26	24	0.25	31%	-0.28	-85.3	2.93%	-0.7	-0.1	66	1.5
20	Jun_1_2021	1606.26	1379.8	1364.46	1371.28	1372.72	1366.17	1370.68(0.66%)	N/A	N/A	0	-0	-10	-30	-20	22	0.36	34%	-0.32	-79.7	2.98%	0.7	-0.1	47	1.1

21	May_28_2021	1611.38	1388.9	1361.37	1371.64	1373.29	1367.03	1361.65(-0.78%)	DT	OpenShort	-75	-0.1	-196	-30	-238	-71	0.28	34%	-0.15	-63	3.03%	-1	-0.3	45	1.5
22	May_27_2021	1613.79	1398.47	1357.94	1372.96	1376.9	1379.27	1372.4(-0.99%)	UD	OpenLong	75	-0	13	20	13	11	0.3	34%	-0.12	-59	3.05%	-0.5	-0.3	34	1.9
23	May_26_2021	1615.79	1408.19	1351.26	1373.26	1375.13	1379.56	1386.14(1.51%)	UT	OpenLong	75	0.1	96	30	116	34	0.31	34%	-0.17	-52.8	3.08%	0.8	-0.2	42	1.5
24	May_25_2021	1618.49	1418.96	1343.33	1360.29	1372.19	1374.54	1365.53(-0.51%)	UD	OpenLong	75	0	161	40	204	32	0.32	32%	-0.17	-51.3	3.08%	-0.7	-0.5	32	1.1
25	May_24_2021	1621.31	1430.37	1344.27	1356.44	1357.81	1370.69	1372.5(0.31%)	RB	SmallLong	20	0.1	49	70	78	-38	0.21	31%		-47.3	3.16%	0.6	-0.5	32	0.9
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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