Trading Signals: MELI Stock Price Prediction and Forecast

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Fri. Jan. 14, 2022

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

(MercadoLibre Inc)
MELI latest price $1123.1300 (-0.82%) ($1123.1300 - $1123.1300) on Fri. Jan. 14, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.69% (three month average)
RSI   38
Latest Price   $1123.1300(-0.82%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.7% a day on average for past five trading days.
Weekly Trend   MELI declines -7.5% a week on average for past two weeks.
Market Behavior   Normal for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
IBUY(74%)    IWF(73%)    IPO(72%)    IVW(72%)    QQQ(72%)
Factors Impacting MELI price   MELI will decline at least -1.845% in a week (0% probabilities).
VIXM(-39%)    UUP(-21%)    VXX(-6%)    TBT(-4%)    TLT(3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.845% (StdDev 3.69%)
Hourly BBV -1.2 ()
Intraday Trend 0%

Resistance Level   $1215.53
5 Day Moving Average   $1137.58(-1.27%)
10 Day Moving Average   $1160.85(-3.25%)
20 Day Moving Average   $1215.53(-7.6%)
To recent high   -34.2%
To recent low   6.4%
Market Cap   $55.831b

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 7.26% (three month std-dev: 3.69%) daily (68% of days).

Sample size 3 Average positive next day return: 1.91%(67%) Average negative next day return: -1.39%(33%) Sample size 3 Average positive next three day return: 2.81%(67%) Average negative next three day return: -3.82%(33%) Sample size 3 Average positive next weekly return: 7.69%(33%) Average negative next weekly return: -4.16%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20220214

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_14_2022	1484.82	1215.53	1160.85	1137.58	1153.48	1126.74	1123.13(-0.82%)	DT	OpenShort	-75	-0.2	-327	-120	-349	-261	0.44	32%	-0.49	-16.3	3.69%	-1.2	-1	38	0.3
2	Jan_13_2022	1492.12	1219.05	1182.12	1129.99	1136.99	1162.64	1132.41(-6.39%)	DT	OpenShort	-75	0	-151	180	-143	-175	0.71	34%	-0.5	-16.9	3.69%	-1.2	-1	42	0.3
3	Jan_12_2022	1499.69	1223.51	1203.49	1135.4	1124.91	1180.22	1209.65(3.79%)	UT	OpenLong	75	0.9	845	320	1024	308	1.03	35%	-0.44	-15.5	3.65%	1.3	-0.2	51	1
4	Jan_11_2022	1506.37	1222.84	1213.74	1118.97	1116.1	1111.35	1165.5(10.25%)	UT	OpenLong	75	0.6	486	-40	602	137	1.01	32%	-0.44	-19.8	3.62%	1.6	-0.7	47	0.8
5	Jan_10_2022	1513	1224.12	1228.44	1134.12	1112.05	1069.61	1057.19(-2.58%)	DT	OpenShort	-75	-0.9	-1031	-330	-1188	-561	1.29	26%	-0.5	-11.6	3.38%	-1	-2	42	1

6	Jan_7_2022	1520.53	1230.06	1254.25	1189.04	1157.43	1120.85	1085.19(-6.4%)	DT	OpenShort	-75	-1.4	-923	-300	-1077	-462	1.08	26%	-0.45	12.7	3.38%	-1.3	-1.9	44	0.7
7	Jan_6_2022	1527.43	1233.75	1274.05	1241.88	1219.86	1154.49	1159.45(2.83%)	DP	OpenShort	-75	-1.1	-882	-430	-1044	-397	0.68	28%	-0.42	34.9	3.3%	-0.6	-1	52	0.7
8	Jan_5_2022	1533.91	1236.68	1282.57	1281.29	1266.76	1194.02	1127.51(-9.17%)	DT	OpenShort	-75	-2.2	-1586	-440	-1882	-697	0.98	28%	-0.43	59.2	3.28%	-1.8	-1.5	44	0.9
9	Jan_4_2022	1540.51	1239.72	1294.77	1320.54	1318.56	1285.23	1241.28(-6.79%)	DT	OpenShort	-75	-1.2	-900	-180	-1088	-334	0.91	29%	-0.37	78	3.1%	-1.6	0	61	1.4
10	Jan_3_2022	1546.25	1233.87	1290.93	1335.37	1339.82	1339.5	1331.75(-1.31%)	CR	SmallShort	-20	-0	-107	10	-161	57	0.45	31%	-0.34	71.3	3.03%	-0.5	1.3	79	1.4

11	Dec_31_2021	1551.58	1220.39	1276.94	1329.07	1335.73	1351.88	1349.41(-0.52%)	UD	OpenLong	75	0.3	301	100	317	251	0.32	31%	-0.33	52.4	3.05%	1	1.6	85	1.3
12	Dec_30_2021	1556.68	1208.98	1259.85	1311.69	1323.99	1340.14	1356.51(2.47%)	UT	HoldLong	65	0.6	525	110	582	352	0.38	31%	-0.35	40.2	3.05%	1.7	2	88	1.4
13	Dec_29_2021	1562.08	1196.05	1244.46	1285.46	1300.48	1319.59	1323.77(0.64%)	UT	OpenLong	75	0.6	404	140	446	277	0.38	31%	-0.36	20.8	3.04%	0.9	1.9	65	1.4
14	Dec_28_2021	1567.79	1188.6	1230.69	1265.69	1275.88	1307.84	1315.4(1.16%)	UT	OpenLong	75	0.8	617	200	701	366	0.38	30%	-0.29	5	3.04%	0.9	2	68	1.4
15	Dec_27_2021	1572.34	1183.59	1216.54	1239.82	1250.38	1281.37	1300.28(3%)	UT	OpenLong	75	1.1	782	200	898	432	0.45	28%	-0.43	-20.4	3.08%	1.3	2.1	73	1.3

16	Dec_23_2021	1579.16	1180.46	1200.97	1217.21	1221.83	1243.92	1262.47(3.03%)	UT	OpenLong	75	0.9	510	140	580	300	0.38	28%	-0.2	-49.7	3.09%	1.7	1.6	75	1.4
17	Dec_22_2021	1582.3	1179.71	1187.85	1200.38	1203.91	1219.39	1225.38(0.04%)	UT	OpenLong	75	0.5	384	100	435	229	0.3	28%	-0.22	-76.5	3.08%	1	0.9	61	1.3
18	Dec_21_2021	1585.85	1181.88	1185.34	1197.37	1192.15	1199.73	1224.94(3.28%)	UT	OpenLong	75	0.5	211	30	228	160	0.55	28%	-0.22	-92	3.1%	1.7	0.8	63	0.9
19	Dec_20_2021	1589.4	1185.52	1179.42	1190.58	1187.83	1188.42	1186.05(-0.1%)	UD	OpenLong	75	-0.1	59	-0	51	82	0.36	25%	-0.24	-106.2	3.08%	0.6	0	50	0.5
20	Dec_17_2021	1593.26	1195.07	1172.59	1189.3	1189.06	1184.56	1187.21(0.75%)	N/A	N/A	0	-0	0	-30	-12	37	0.54	25%	-0.29	-97.1	3.1%	0.2	-0.1	46	0.8

21	Dec_16_2021	1597.86	1206.85	1160.39	1181.54	1186.27	1187.23	1178.34(-2.64%)	DT	OpenShort	-75	-0	-20	20	-25	-6	0.7	25%	-0.29	-87.9	3.1%	-0.7	-0.3	43	0.8
22	Dec_15_2021	1602.53	1221.05	1155.37	1172.32	1178.79	1193.56	1210.3(1.62%)	UT	OpenLong	75	0.3	240	100	289	91	0.6	25%	-0.24	-81.1	3.09%	2.1	-0.1	45	1
23	Dec_14_2021	1606.31	1236.13	1144.63	1171.67	1162.79	1185.32	1191(0.96%)	UT	OpenLong	75	0.1	248	110	307	70	0.49	25%	-0.25	-74.8	3.1%	1.8	-0.3	41	0.8
24	Dec_13_2021	1610.33	1256.49	1143.46	1167.28	1166.79	1164.02	1179.63(2.72%)	UT	OpenLong	75	0.1	336	-20	418	91	0.62	25%	-0.28	-65	3.09%	1.1	-0.5	38	0.8
25	Dec_10_2021	1614.79	1276.1	1147.69	1153.77	1164.16	1140.26	1148.41(1.42%)	DP	OpenShort	-75	-0	-351	-120	-379	-265	0.53	25%		-62.8	3.06%	-1.2	-0.7	30	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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