Trading Signals: MELI Stock Price Prediction and Forecast

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

Thu. Feb. 17, 2022

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

(MercadoLibre Inc)
MELI latest price $1022.1550 (-9.74%) ($1017.2700 - $1022.1550) on Thu. Feb. 17, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.23% (three month average)
RSI   51
Latest Price   $1022.1550(-9.74%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -1.8% a day on average for past five trading days.
Weekly Trend   MELI advances 1.4% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off 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 -2.115% in a week (0% probabilities).
VIXM(-37%)    UUP(-22%)    VXX(-4%)    TBT(-4%)    USO(3%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.115% (StdDev 4.23%)
Hourly BBV -2.1 ()
Intraday Trend 0%

Resistance Level   $1070.04
5 Day Moving Average   $1106.95(-7.66%)
10 Day Moving Average   $1092.65(-6.45%)
20 Day Moving Average   $1070.04(-4.48%)
To recent high   -31.3%
To recent low   4.3%
Market Cap   $50.811b

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 5.18% (three month std-dev: 4.23%) 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%)

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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	Feb_17_2022	1304.12	1070.04	1092.65	1106.95	1108.96	1076.72	1022.16(-9.74%)	DT	OpenShort	-75	-1.5	-821	-200	-971	-369	0.67	39%	-0.5	5.8	4.23%	-2.1	-0.9	51	-1
2	Feb_16_2022	1310.63	1073.7	1092.11	1127.17	1125.71	1148.11	1132.51(-3.23%)	UD	OpenLong	75	0.1	96	140	102	78	0.52	40%	-0.43	6.7	4.08%	-0.2	1.1	64	0.3
3	Feb_15_2022	1316.24	1069.86	1086.47	1127.28	1123.4	1141.2	1170.31(4.62%)	UT	OpenLong	75	0.8	459	100	525	261	0.46	40%	-0.46	-1.8	4.12%	1.3	1.9	68	-0.1
4	Feb_14_2022	1322.33	1065.7	1081.67	1103.41	1115.84	1103.3	1118.67(2.53%)	UT	OpenLong	75	0.3	99	-40	101	92	0.38	38%	-0.58	-11.4	4.08%	-0	1.1	63	-1
5	Feb_11_2022	1329.99	1065.3	1082.04	1086.72	1099.26	1105.6	1091.09(-2.86%)	DT	OpenShort	-75	0.1	-137	70	-177	-18	0.5	38%	-0.19	-17.6	4.07%	-1.6	0.5	57	-1

6	Feb_10_2022	1332.46	1066.86	1077.88	1076.02	1085.94	1128.37	1123.27(-0.87%)	UD	OpenLong	75	0.9	526	300	606	287	0.45	36%	-0.58	-25.1	4.06%	0.7	1.1	57	0.1
7	Feb_9_2022	1340.28	1070.1	1064.99	1051.2	1064.53	1092.93	1133.08(7.82%)	UT	OpenLong	75	1.4	706	220	827	344	0.52	38%	-0.54	-27.5	4.13%	2.1	1.1	53	0.6
8	Feb_8_2022	1347.58	1070.87	1049.67	1040.69	1033.71	1043.51	1050.92(1.52%)	UT	OpenLong	75	0.2	25	50	31	7	0.3	34%	-0.58	-36.8	4.02%	0.7	-0.3	50	0.5
9	Feb_7_2022	1355.42	1071.4	1045.1	1058.13	1040.75	1036.13	1035.23(-0.23%)	DT	OpenShort	-75	-0.4	-28	-80	-31	-17	0.38	34%	-0.64	-48.8	4.02%	0.8	-0.6	44	0.2
10	Feb_4_2022	1364.15	1074.05	1044.51	1077.49	1064.09	1023.91	1037.62(3.85%)	DP	OpenShort	-75	-0.7	-340	-300	-400	-161	0.56	36%	-0.63	-59.9	4.08%	0.1	-0.6	42	-0.1

11	Feb_3_2022	1372.85	1079.93	1046.03	1079.38	1082.61	1045.37	999.17(-7.53%)	DT	OpenShort	-75	-1.3	-679	-230	-796	-328	0.69	36%	-0.67	-70.9	4.05%	-1.6	-1.3	38	-0.5
12	Feb_2_2022	1382.11	1086.58	1055.45	1077.82	1091.95	1104.28	1080.53(-5.06%)	DT	OpenShort	-75	0	-22	120	-18	-34	0.35	38%	-0.57	-88.4	3.96%	-1.9	-0.1	37	-0
13	Feb_1_2022	1390.06	1093.86	1053.18	1057.67	1069.66	1119.86	1138.12(0.54%)	UT	OpenLong	75	1.2	673	360	808	267	0.48	40%	-0.52	-90.1	3.93%	0.8	0.6	46	-0.3
14	Jan_31_2022	1397.39	1102.07	1048.07	1030.18	1032.6	1079.63	1132(8.11%)	UT	OpenLong	75	1.2	808	330	972	316	0.55	40%	-0.53	-79.6	3.93%	1.4	0.3	57	-0.8
15	Jan_28_2022	1404.78	1111.51	1045.44	1009.08	1006.93	1019.47	1047.07(5.62%)	UT	OpenLong	75	0.4	394	80	489	107	0.55	36%	-0.61	-70.3	3.78%	1.1	-0.6	48	-1.4

16	Jan_27_2022	1413.44	1126.13	1053.15	1010.27	1001.75	985.57	991.38(1.19%)	DP	OpenShort	-75	-0.2	-240	-140	-254	-196	0.63	33%	-0.66	-59	3.71%	-1.5	-1.2	37	-1.8
17	Jan_26_2022	1422.85	1142.56	1074.25	1030.53	1017.16	994.4	979.76(-2.09%)	DT	OpenShort	-75	-0.4	-488	-200	-554	-290	0.53	33%	-0.7	-50.4	3.71%	-1.5	-1.4	39	-2
18	Jan_25_2022	1432.88	1159.45	1093.15	1046.92	1045.39	1017.94	1000.7(-2.51%)	DT	OpenShort	-75	-0.4	-368	-190	-413	-231	0.65	33%	-0.31	-43.3	3.71%	-0.2	-1.4	34	-2.1
19	Jan_24_2022	1437.38	1174.68	1100.35	1067.26	1058.55	1039.93	1026.5(-2.52%)	DT	OpenShort	-75	-0.4	-535	-150	-604	-326	1.27	33%	-0.66	-35.9	3.72%	-0.9	-1.3	31	-3.1
20	Jan_21_2022	1446.92	1186.95	1107.31	1086.59	1077.45	1072.84	1053.02(-3.63%)	DT	OpenShort	-75	-0.3	-201	-60	-206	-184	0.78	32%	-0.63	-29.3	3.75%	-1.6	-1.3	31	-3

21	Jan_20_2022	1456.07	1196.2	1118.11	1102.46	1094.98	1077.18	1092.66(2.92%)	DP	OpenShort	-75	-0.1	-158	-130	-152	-175	0.64	32%	-0.57	-25.9	3.74%	-0.6	-1	32	-2.2
22	Jan_19_2022	1464.44	1203.32	1121.83	1125.86	1104.4	1082.06	1061.7(-3.69%)	DT	OpenShort	-75	-0.6	-620	-200	-693	-400	0.77	32%	-0.57	-19.3	3.71%	-2.4	-1.4	33	-1.6
23	Jan_18_2022	1472.79	1210.5	1139.35	1146.62	1137.71	1112.78	1102.42(-1.84%)	DT	OpenShort	-75	-0.5	-296	-180	-313	-243	0.41	32%	-0.81	-14.3	3.69%	-1.3	-1.2	35	-1.1
24	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
25	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%		-16.9	3.69%	-1.2	-1	42	0.3
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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