Trading Signals: MELI Stock Price Prediction and Forecast

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

Fri. Apr. 28, 2023

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

(MercadoLibre Inc)
MELI latest price $1277.6600 (2.68%) ($1277.6600 - $1277.6600) on Fri. Apr. 28, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.17% (three month average)
RSI   57
Latest Price   $1277.6600(2.68%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.1% a day on average for past five trading days.
Weekly Trend   MELI declines -1.1% 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)
QQQ(52%)    VUG(52%)    IWF(51%)    IVW(50%)    SKYY(50%)
Factors Impacting MELI price   MELI will decline at least -1.085% in a week (0% probabilities).
VXX(-42%)    VIXM(-40%)    UUP(-14%)    TBT(-10%)    EDOC(-7%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.085% (StdDev 2.17%)
Hourly BBV 1.6 ()
Intraday Trend 0%

Resistance Level   $1279.18
5 Day Moving Average   $1252.38(2.02%)
10 Day Moving Average   $1276.6(0.08%)
20 Day Moving Average   $1279.18(-0.12%)
To recent high   -3.4%
To recent low   16.2%
Market Cap   $63.512b

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 2.31% (three month std-dev: 2.17%) 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%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230528

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	Apr_28_2023	1123	1279.18	1276.6	1252.38	1248.88	1261.01	1277.66(2.68%)	UT	OpenLong	75	0.9	410	60	492	165	0.37	55%	0.37	25.1	2.17%	1.6	-0.1	57	1.9
2	Apr_27_2023	1118.86	1278.61	1278.8	1253.23	1248.87	1239.65	1244.36(0.71%)	DP	OpenShort	-75	-0.3	-65	-60	-71	-48	0.2	53%	0.36	37.5	2.16%	-0.5	-1.2	53	1.3
3	Apr_26_2023	1114.89	1278.23	1284.13	1262.92	1258.26	1236.76	1235.57(0.48%)	DP	OpenShort	-75	-0.9	-593	-130	-698	-279	0.28	56%	0.35	51.2	2.18%	-0.8	-1.4	50	0.8
4	Apr_25_2023	1111.01	1276.96	1287.07	1277.49	1272.72	1258.08	1229.63(-3.53%)	DT	OpenShort	-75	-1.4	-607	-90	-716	-278	0.27	56%	0.33	55.6	2.27%	-1.8	-1.4	39	0.5
5	Apr_24_2023	1107.4	1275.8	1293.34	1296.06	1289.77	1279.77	1274.66(-0.57%)	DT	OpenShort	-75	-0.6	-266	-70	-320	-103	0.25	60%	0.31	66.3	2.23%	-0.5	-0	42	1.4

6	Apr_21_2023	1103.98	1271.76	1291.29	1303.98	1300.51	1287.37	1281.95(-0.84%)	DT	OpenShort	-75	-0.5	-329	-80	-393	-135	0.21	60%	0.32	62.8	2.21%	-1.3	0.2	43	1.5
7	Apr_20_2023	1100.41	1267.61	1288.12	1307.98	1308.6	1299.76	1292.78(-1.2%)	DT	OpenShort	-75	-0.3	-276	-50	-331	-109	0.23	60%	0.35	59.6	2.23%	-1.8	0.6	56	1.3
8	Apr_19_2023	1096.62	1262.56	1284.1	1308.36	1310.04	1313.66	1308.43(-1.06%)	CR	SmallShort	-20	0	-24	20	-36	14	0.21	60%	0.4	57.7	2.24%	-0.3	0.9	64	1.6
9	Apr_18_2023	1092.2	1258.13	1282.91	1297.88	1307.01	1317.43	1322.47(0.62%)	UT	OpenLong	75	0.5	408	80	469	224	0.27	60%	0.38	53.9	2.23%	1.1	1.3	70	1.6
10	Apr_17_2023	1088.02	1251.14	1281.55	1290.39	1290.88	1306.42	1314.29(0.95%)	UT	OpenLong	75	0.5	290	90	325	183	0.18	60%	0.35	52	2.23%	2.3	1.3	70	1.5

11	Apr_14_2023	1084.24	1245.5	1280.94	1277.01	1283.8	1296.6	1301.94(0.56%)	UT	OpenLong	75	0.5	571	90	653	325	0.25	60%	0.21	49.7	2.24%	0.8	1.2	70	1.5
12	Apr_13_2023	1081.95	1240.95	1277.09	1265.56	1271.03	1275.35	1294.65(3.07%)	UT	OpenLong	75	0.7	272	40	301	185	0.26	63%	0.32	45.7	2.25%	1	1.2	68	1.4
13	Apr_12_2023	1078.45	1235.2	1270.66	1256.54	1256.19	1271.01	1256.06(-2.25%)	UD	OpenLong	75	-0	113	80	115	108	0.34	66%	0.29	33.1	2.32%	-0.3	0.5	65	1.2
14	Apr_11_2023	1075.29	1232.89	1265.64	1265.65	1254	1266.7	1284.99(3.01%)	UT	OpenLong	75	0.4	368	40	415	228	0.35	66%	0.32	34	2.63%	1.6	1.2	61	1.3
15	Apr_10_2023	1071.9	1226.82	1256.83	1272.12	1259.51	1241.37	1247.43(0.22%)	DP	OpenShort	-75	-0.6	-159	-130	-208	-10	0.26	65%	0.41	28.5	2.61%	0.5	0.5	63	1.4

16	Apr_6_2023	1067.49	1223.02	1251.32	1285.75	1276.98	1241.31	1244.65(-0.4%)	DT	OpenShort	-75	-0.9	-774	-220	-936	-288	0.32	65%	0.27	31.4	2.61%	-0.7	0.5	58	0.4
17	Apr_5_2023	1064.63	1220.95	1246.71	1289.67	1297.69	1277.65	1249.59(-4%)	DT	OpenShort	-75	-0.9	-585	-90	-714	-197	0.47	65%	0.22	33.2	2.62%	-1.8	0.6	56	0.4
18	Apr_4_2023	1062.24	1220.66	1240.9	1285.23	1301.91	1312.66	1301.59(-1.2%)	UD	OpenLong	75	0.4	151	100	151	150	0.29	69%	0.34	34.7	2.55%	-1.5	1.8	69	0.3
19	Apr_3_2023	1058.68	1217.98	1232.28	1264.25	1281.78	1317.73	1317.34(0.13%)	UT	OpenLong	75	1.2	778	240	894	428	0.26	69%	0.34	27.8	2.54%	0.7	2.3	64	0.1
20	Mar_31_2023	1055.11	1214.22	1218.24	1239.22	1251.72	1291.17	1315.59(4.06%)	UT	OpenLong	75	2.1	1099	250	1279	559	0.57	69%	0.38	22.6	2.56%	1.3	2.7	70	0.1

21	Mar_30_2023	1051.15	1208.96	1206.03	1212.95	1219.61	1245.83	1264.22(3%)	UT	OpenLong	75	1.8	777	170	906	389	0.39	67%	0.36	14.5	2.54%	1.6	1.9	65	-0.1
22	Mar_29_2023	1047.33	1206.09	1200.27	1198.58	1199.62	1212.28	1227.43(2.57%)	UT	OpenLong	75	1.1	409	80	477	203	0.28	65%	0.29	14.1	2.56%	2	0.8	53	-0.2
23	Mar_28_2023	1044.3	1204.94	1195.41	1190.39	1190.85	1193.39	1196.68(0.38%)	UT	OpenLong	75	0.2	129	20	154	53	0.22	64%	0.26	20.1	2.57%	0.5	-0.3	42	-0.3
24	Mar_27_2023	1041.64	1206.13	1196.58	1195.35	1188.14	1186.96	1192.17(0.67%)	DP	OpenShort	-75	-0.1	-103	-30	-117	-59	0.36	64%	0.26	45	2.59%	0.3	-0.5	39	-0.5
25	Mar_24_2023	1038.99	1205.92	1194.02	1193.48	1196.1	1188.31	1184.25(-0.68%)	DT	OpenShort	-75	-0.3	-24	-40	-19	-38	0.3	64%		53.8	2.62%	-0.5	-0.7	39	-0.6
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

Click to see actual return for next trading day.