Trading Signals: MELI Stock Price Prediction and Forecast

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Fri. Sep. 9, 2022

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

(MercadoLibre Inc)
MELI latest price $971.1200 (5.19%) ($971.1200 - $976.2000) on Fri. Sep. 9, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.73% (three month average)
RSI   59
Latest Price   $971.1200(5.19%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 2.5% a day on average for past five trading days.
Weekly Trend   MELI advances 0.3% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
IWF(62%)    IBUY(61%)    IVW(61%)    QQQ(61%)    SPY(61%)
Factors Impacting MELI price   MELI will decline at least -2.365% in a week (0% probabilities).
UUP(-18%)    VIXM(-13%)    EDOC(-10%)    TBT(-8%)    VXX(2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.365% (StdDev 4.73%)
Hourly BBV 1.4 ()
Intraday Trend 0%

5 Day Moving Average   $898.79(8.05%)
10 Day Moving Average   $884.02(9.85%)
20 Day Moving Average   $922.32(5.29%)
To recent high   -10.3%
To recent low   58.3%
Market Cap   $48.274b

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 8.01% (three month std-dev: 4.73%) daily (68% of days).

Sample size 9 Average positive next day return: 5.9%(67%) Average negative next day return: -1.32%(33%) Sample size 9 Average positive next three day return: 4.28%(56%) Average negative next three day return: -6.39%(44%) Sample size 9 Average positive next weekly return: 7.96%(56%) Average negative next weekly return: -14.38%(44%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20221009

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	Sep_9_2022	822.72	922.32	884.02	898.79	906.69	941.37	971.12(5.19%)	UT	OpenLong	75	1	553	290	649	264	1.13	53%	-0.05	-40.6	4.73%	1.4	0.7	59	1
2	Sep_8_2022	823.17	924.58	877.38	876.55	876.94	898.84	923.17(4.04%)	UT	OpenLong	75	0.6	318	180	380	131	0.83	51%	-0.2	-47	4.85%	1.9	-0	38	1.3
3	Sep_7_2022	824.79	930.92	874.11	863.06	861.33	872.01	887.33(3.58%)	UT	OpenLong	75	0.3	182	80	227	47	0.41	51%	-0.3	-39.9	4.83%	2.5	-0.5	28	1.3
4	Sep_6_2022	827.31	936.3	873.82	857.76	853.43	855.04	856.69(0.12%)	N/A	N/A	0	-0	0	-0	20	-60	0.53	51%	-0.26	-33.9	4.82%	0.6	-1	16	1.4
5	Sep_2_2022	829.49	944.76	876.14	861.95	857.17	850.66	855.63(-0.5%)	DT	HoldShort	-65	-0.1	-71	-70	-57	-112	0.49	52%	-0.26	-22.2	4.84%	0.2	-1.1	15	1.6

6	Sep_1_2022	831.62	953.34	881.33	866.42	864.16	851.81	859.93(0.49%)	DP	OpenShort	-75	-0.1	-170	-110	-170	-171	0.69	52%	-0.34	-9.8	4.98%	0.1	-1.2	16	1.5
7	Aug_31_2022	834.46	962.25	892.45	878.23	871.67	863.68	855.7(-0.6%)	DT	OpenShort	-75	-0.3	-219	-90	-227	-193	0.4	52%	-0.32	7.2	5%	-0.7	-1.4	26	1.9
8	Aug_30_2022	837.13	965	906.03	886.72	887.49	876.51	860.85(-1.91%)	DT	HoldShort	-65	-0.3	-88	-80	-73	-133	0.46	52%	-0.33	15.8	5.02%	-1.2	-1.3	24	2.1
9	Aug_29_2022	839.9	965.15	924.56	891.96	894.11	879.65	877.65(-0.03%)	DT	OpenShort	-75	-0.2	-189	-110	-195	-172	0.31	52%	-0.35	23.2	5.05%	-0.8	-1	39	2.2
10	Aug_26_2022	842.81	963.25	944.16	892.04	895.53	898.48	877.95(-4.47%)	DT	OpenShort	-75	-0.2	-109	30	-102	-129	0.53	54%	-0.36	25.3	5.07%	-1.7	-1	36	2

11	Aug_25_2022	845.86	961.33	963.87	898.05	895.56	908.57	919.01(2.32%)	RB	SmallLong	20	0.2	122	90	167	-12	0.44	54%	-0.3	29	5.12%	1.3	-0.5	39	1.2
12	Aug_24_2022	848.4	956.64	975.22	909.84	892.81	892.59	898.14(1.25%)	DP	OpenShort	-75	-0.1	-46	-60	-33	-85	0.44	51%	-0.39	31.9	5.13%	1	-0.6	35	1.8
13	Aug_23_2022	851.69	952.55	991.92	929.6	913.81	882.56	887.05(1.02%)	DP	OpenShort	-75	-0.4	-239	-290	-269	-150	0.47	51%	-0.45	35.4	5.28%	-0.2	-0.6	55	2.1
14	Aug_22_2022	855.58	946.08	1004.09	963.2	941.29	893.03	878.06(-3.3%)	DT	OpenShort	-75	-0.7	-648	-430	-760	-311	0.66	51%	-0.42	43	5.28%	-1.1	-0.6	60	1
15	Aug_19_2022	859.15	941.56	1020.17	1004.17	985.53	945.06	908(-7.15%)	DT	OpenShort	-75	-0.8	-572	-340	-685	-233	0.76	53%	-0.34	55.4	5.29%	-1.6	-0.3	65	-0

16	Aug_18_2022	862.04	935.33	1033.14	1038.5	1030.06	989.54	977.94(-1.91%)	DT	OpenShort	-75	-0.5	-393	-300	-488	-107	0.52	52%	-0.27	66.7	5.28%	-1	0.3	72	-0.7
17	Aug_17_2022	864.41	926.34	1039.49	1049.5	1054.44	1026.01	996.96(-5.51%)	DT	OpenShort	-75	-0.4	-364	-170	-464	-64	0.76	54%	-0.31	74.6	5.44%	-1.3	0.6	75	-0.7
18	Aug_16_2022	867.07	915.75	1030.75	1062.81	1063.44	1070.59	1055.05(-2.57%)	CR	SmallShort	-20	-0.1	-66	50	-121	100	0.49	56%	-0.2	81.6	5.43%	-1.2	1.1	82	-1.2
19	Aug_15_2022	868.81	899.3	1010.57	1050.91	1065.55	1082.88	1082.92(0.3%)	UT	HoldLong	65	0.2	360	160	376	311	0.35	56%	-0.1	81	5.41%	1.1	1.4	89	-1.5
20	Aug_12_2022	869.66	879.66	984.58	1039.34	1042.88	1056.29	1079.64(4.52%)	UT	HoldLong	65	0.3	171	100	153	225	0.42	60%	-0.18	81.6	5.54%	1.3	1.5	81	-2.2

21	Aug_11_2022	871.26	859.85	958.43	1028.24	1028.74	1048.22	1032.93(-2.88%)	UD	OpenLong	75	0	191	130	175	240	0.43	56%	-0.21	80.4	5.56%	-0.1	1.3	80	-1.8
22	Aug_10_2022	873.1	841.03	936.05	1028.62	1027.53	1029.47	1063.51(6.83%)	UT	HoldLong	65	0.3	246	10	238	270	0.64	56%	-0.18	79.8	5.77%	1.2	1.7	77	-1.6
23	Aug_9_2022	874.65	820.31	908.72	993.87	1017.72	1009.25	995.56(-2.88%)	UD	OpenLong	75	0	46	10	7	162	0.54	50%	-0.19	73.5	5.71%	-1	1.5	75	-1.2
24	Aug_8_2022	876.28	803.13	882.49	962.28	991.3	1025.6	1025.04(0.08%)	UT	HoldLong	65	0.5	235	330	238	227	0.62	50%	-0.18	65.2	6.11%	-0.6	1.9	82	-1.8
25	Aug_5_2022	877.87	784.26	855.44	919.9	944.93	1026.19	1024.18(-1.03%)	UD	OpenLong	75	1	748	680	846	453	0.85	47%		59.9	6.11%	0.5	2.3	84	-1.3
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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