Trading Signals: MELI Stock Price Prediction and Forecast

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

Thu. Oct. 13, 2022

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

(MercadoLibre Inc)
MELI latest price $822.3900 (0.03%) ($822.3900 - $822.3900) on Thu. Oct. 13, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.2% (three month average)
RSI   54
Latest Price   $822.3900(0.03%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -2.5% a day on average for past five trading days.
Weekly Trend   MELI advances 0.7% 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(59%)    QQQ(59%)    IBUY(58%)    IVW(58%)    SPY(57%)
Factors Impacting MELI price   MELI will decline at least -2.1% in a week (0% probabilities).
UUP(-13%)    VIXM(-8%)    TBT(-3%)    UNG(2%)    EDOC(2%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.1% (StdDev 4.2%)
Hourly BBV 0.3 ()
Intraday Trend 0%

Resistance Level   $868.18
5 Day Moving Average   $846.07(-2.8%)
10 Day Moving Average   $873.76(-5.88%)
20 Day Moving Average   $868.18(-5.27%)
To recent high   -24.1%
To recent low   25.2%
Market Cap   $40.881b

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 5.72% (three month std-dev: 4.2%) daily (68% of days).

Sample size 50 Average positive next day return: 2.45%(50%) Average negative next day return: -3.06%(50%) Sample size 50 Average positive next three day return: 5.37%(58%) Average negative next three day return: -5.18%(42%) Sample size 50 Average positive next weekly return: 6.18%(54%) Average negative next weekly return: -5.37%(46%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20221113

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	Oct_13_2022	827.14	868.18	873.76	846.07	837.39	822.27	822.39(0.03%)	DP	OpenShort	-75	-0.5	-171	-160	-204	-71	0.8	64%	0.12	-57.3	4.2%	0.3	-0.9	54	0.2
2	Oct_12_2022	826.13	875.11	875.6	867.91	851.68	829.83	822.15(-1.46%)	DT	OpenShort	-75	-0.9	-399	-240	-478	-163	0.47	64%	0.15	-41.2	4.2%	-0.8	-1	49	0.8
3	Oct_11_2022	824.86	881.92	880.82	890.26	879.04	852.52	834.34(-4.31%)	DT	OpenShort	-75	-1.1	-358	-250	-435	-127	0.65	60%	0.07	-23.9	4.19%	-1.7	-0.9	45	0.6
4	Oct_10_2022	824.25	887.4	879.19	912.53	903.15	873.53	871.91(-0.87%)	DT	OpenShort	-75	-0.7	-425	-260	-516	-153	0.43	62%	0.13	-4.5	4.25%	-0.8	-0.3	46	0.6
5	Oct_7_2022	823.21	893.36	873.15	914.57	922.69	905.56	879.54(-5.59%)	DT	OpenShort	-75	-0.6	-261	-100	-318	-91	0.45	62%	0.09	7.9	4.26%	-1.6	-0.2	44	0.6

6	Oct_6_2022	822.44	897.63	867.51	904.24	923.33	932.77	931.59(-0.25%)	UD	OpenLong	75	0.5	98	130	112	57	0.3	65%	0.23	11.6	4.2%	-0.3	0.6	50	1.1
7	Oct_5_2022	820.56	896.9	858.68	883.89	897.4	939.82	933.94(-1.24%)	UD	OpenLong	75	0.9	412	380	492	173	0.44	68%	0.13	7.2	4.2%	0.7	0.6	45	1.7
8	Oct_4_2022	819.52	894.43	853.06	870.5	872.7	913.9	945.69(7.21%)	UT	OpenLong	75	1.3	698	340	834	288	0.81	68%	0.2	2.8	4.31%	1.3	0.9	46	1.9
9	Oct_3_2022	817.9	889.9	847.38	842.38	853.32	854.99	882.1(6.55%)	UT	OpenLong	75	0.7	344	50	427	94	0.78	66%	0.11	-12.3	4.26%	2.2	-0.1	41	0.6
10	Sep_30_2022	816.99	888.83	851.21	826.65	833.14	831.5	827.88(-0.24%)	DT	OpenShort	-75	0	-191	10	-195	-179	0.56	63%	0.13	-21.3	4.21%	-0.2	-1	27	-0.2

11	Sep_29_2022	815.9	890.96	860.08	824.91	827.03	851.65	829.86(-4.28%)	N/A	N/A	0	0.1	164	220	225	-19	0.44	63%	0.19	-27.3	4.24%	-0	-1.1	33	0.8
12	Sep_28_2022	814.35	892.81	873.04	828.93	823.04	834.77	866.97(7.68%)	UT	OpenLong	75	0.7	330	80	418	65	0.69	62%	0.12	-29.3	4.2%	2.3	-0.5	44	0.9
13	Sep_27_2022	813.37	892.83	881.7	833.62	818.09	802.4	805.11(0.21%)	DP	OpenShort	-75	-0.5	-257	-190	-276	-200	0.5	59%	0.04	-29.4	4.21%	-0.9	-1.6	42	-0
14	Sep_26_2022	813.03	897.05	896.06	853.7	840.35	811.31	803.43(-1.92%)	DT	OpenShort	-75	-1	-408	-290	-461	-247	0.51	59%	-0.16	-21.3	4.23%	-1.1	-1.8	47	0.7
15	Sep_23_2022	814.33	901.42	915.98	879.59	865.88	833.78	819.18(-3.62%)	DT	OpenShort	-75	-1.3	-539	-310	-628	-273	0.49	59%	-0.12	-11.6	4.27%	-1.1	-1.7	49	0.7

16	Sep_22_2022	815.27	906.79	931.86	899.79	894.34	869.4	849.95(-4.55%)	DT	OpenShort	-75	-1.1	-406	-210	-480	-182	0.64	59%	-0.22	-5.9	4.26%	-1.1	-1.3	53	0.7
17	Sep_21_2022	817.03	909.57	940.31	922.96	913.21	897.97	890.42(-1.67%)	DT	OpenShort	-75	-0.8	-315	-150	-382	-113	0.57	61%	-0.13	-1.5	4.22%	-2.1	-0.4	59	0.8
18	Sep_20_2022	818.11	909.61	941.16	937.05	930.49	919.28	905.52(-2.93%)	DT	OpenShort	-75	-0.7	-165	-110	-211	-27	0.42	61%	-0.12	-9.8	4.23%	-1.2	-0.1	60	1.9
19	Sep_19_2022	819.1	908.41	937.55	944.93	944.33	928.45	932.9(1.38%)	DP	OpenShort	-75	-0.3	-141	-120	-184	-10	0.41	61%	-0.05	-25.8	4.24%	-0.2	0.6	61	1.5
20	Sep_16_2022	819.53	907.01	930.66	958.56	947.31	941.7	920.17(-4.72%)	DT	OpenShort	-75	-0.9	-287	-80	-359	-69	0.52	56%	-0.15	-35.1	4.25%	-1.3	0.3	59	0.3

21	Sep_15_2022	820.74	909.43	925.42	968.75	966.59	960.22	965.78(0.51%)	UT	OpenLong	75	-0.1	75	-50	66	102	0.59	62%	-0.07	-32.7	4.37%	0.4	1.2	57	0.9
22	Sep_14_2022	821.35	910.19	914.55	960.23	969.81	952.91	960.9(1.69%)	N/A	N/A	0	0	-97	-90	-132	9	0.32	62%	-0.08	-42.2	4.5%	-0.6	1.1	60	0.9
23	Sep_13_2022	821.97	913.84	904.45	945.51	957.17	972.97	944.92(-5.6%)	CR	SmallShort	-20	-0	-29	150	-48	27	0.59	57%	-0.12	-38.7	4.51%	-1.4	0.5	60	1.2
24	Sep_12_2022	822.96	919.68	897.44	927.87	942.77	986.71	1001.02(3.08%)	UT	OpenLong	75	1.1	634	370	736	326	0.64	60%	0.03	-36.2	4.64%	1.1	1.2	71	0.9
25	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%		-40.6	4.73%	1.4	0.7	59	1
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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