Trading Signals: MELI Stock Price Prediction and Forecast

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

Fri. May. 26, 2023

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

(MercadoLibre Inc)
MELI latest price $1284.8000 (2.57%) ($1284.8000 - $1284.8000) on Fri. May. 26, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.25% (three month average)
RSI   51
Latest Price   $1284.8000(2.57%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.4% 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)
QQQ(51%)    XLY(51%)    VUG(50%)    IWF(49%)    SKYY(49%)
Factors Impacting MELI price   MELI will decline at least -1.125% in a week (0% probabilities).
VXX(-36%)    VIXM(-36%)    UUP(-13%)    TBT(-13%)    UNG(-1%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.125% (StdDev 2.25%)
Hourly BBV 1 ()
Intraday Trend 0%

5 Day Moving Average   $1291.74(-0.54%)
10 Day Moving Average   $1298.95(-1.09%)
20 Day Moving Average   $1284.62(0.01%)
To recent high   -4%
To recent low   10.5%
Market Cap   $63.867b

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 2.28% (three month std-dev: 2.25%) 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

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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	May_26_2023	1203.58	1284.62	1298.95	1291.74	1280.06	1268.73	1284.8(2.57%)	DP	OpenShort	-75	-0.2	-121	-90	-145	-50	0.32	62%	0.37	32	2.25%	1	0	51	0.8
2	May_25_2023	1199.2	1284.29	1298.89	1296.27	1291.62	1268.17	1252.66(-2.42%)	DT	OpenShort	-75	-1.4	-599	-140	-710	-264	0.27	60%	0.35	35	2.25%	-1.4	-1	54	0.2
3	May_24_2023	1194.96	1284.26	1303.98	1312.88	1305.32	1291.38	1283.67(-1.19%)	DT	OpenShort	-75	-0.9	-589	-90	-709	-227	0.28	62%	0.39	42	2.24%	-1	-0	62	-0.2
4	May_23_2023	1190.34	1282.1	1304.94	1320.25	1318.35	1315.08	1299.09(-2.94%)	CR	SmallShort	-20	-0.6	-120	-20	-162	6	0.38	62%	0.1	36.7	2.24%	-1.2	0.5	54	0.9
5	May_22_2023	1189.21	1278.79	1300.45	1315.71	1323.7	1319.26	1338.5(2.38%)	UT	OpenLong	75	0.7	134	-10	138	121	0.6	65%	0.43	20.6	2.21%	1.1	1.8	60	1.2

6	May_19_2023	1184.11	1275.25	1294.98	1307.34	1310.03	1321.61	1307.44(-2.11%)	CR	SmallShort	-20	0	-85	70	-117	11	0.27	64%	0.39	8.9	2.18%	-0.9	1.1	52	1.6
7	May_18_2023	1179.56	1273.74	1289.11	1301.96	1307.94	1328.15	1335.69(1.15%)	UT	OpenLong	75	1.1	748	120	866	393	0.25	64%	0.44	1.3	2.17%	1.3	2.1	57	2.1
8	May_17_2023	1174.45	1271.12	1277.01	1294.37	1295.18	1298.46	1320.51(3.46%)	UT	OpenLong	75	1	286	20	327	162	0.39	64%	0.41	-7	2.19%	1.9	1.8	59	1.6
9	May_16_2023	1169.65	1270.03	1271.46	1288.16	1289.48	1287.74	1276.4(-1.56%)	DT	OpenShort	-75	-0.4	-89	-10	-114	-14	0.2	59%	0.09	-4.7	2.17%	-0.5	0.2	57	1.1
10	May_15_2023	1168.54	1272.02	1269.57	1282.49	1291.08	1291.91	1296.68(1.26%)	UT	OpenLong	75	0.5	173	20	194	108	0.23	59%	0.37	-4.4	2.2%	0.8	0.9	60	1.7

11	May_12_2023	1164.18	1272.54	1268.49	1280.65	1278.1	1291.23	1280.54(-1.32%)	UD	OpenLong	75	-0	22	70	16	39	0.2	59%	0.37	4	2.19%	-0.9	0.3	51	1.2
12	May_11_2023	1159.93	1273.41	1267.95	1273.64	1278.9	1290.26	1297.73(0.64%)	UT	OpenLong	75	0.8	645	70	752	324	0.19	59%	0.36	6.1	2.19%	0.9	0.8	52	1.2
13	May_10_2023	1155.8	1273.02	1262.49	1256.72	1267.02	1264.98	1289.45(3.32%)	UT	OpenLong	75	1.1	152	10	181	66	0.53	56%	0.37	-3.1	2.21%	0.9	0.6	49	1.1
14	May_9_2023	1151.49	1271.35	1257.04	1252.81	1249.6	1267.55	1248.06(-3.06%)	DT	OpenShort	-75	-0.2	-102	90	-112	-70	0.47	55%	0.33	-13.7	2.23%	-0.9	-0.8	41	0.7
15	May_8_2023	1147.7	1273.27	1255.57	1254.57	1255.29	1269.07	1287.46(3.37%)	UT	OpenLong	75	1.1	802	80	956	341	0.36	57%	0.41	-17.2	2.2%	1.4	0.5	43	1.2

16	May_5_2023	1143.06	1271.33	1253.71	1255.38	1247.53	1231.66	1245.51(2.67%)	DP	OpenShort	-75	-0.3	-337	-110	-381	-203	0.37	55%	0.37	-26.3	2.13%	-0.5	-0.9	38	1.1
17	May_4_2023	1138.79	1271.59	1257.18	1261.81	1257.85	1241.51	1213.11(-4.47%)	DT	OpenShort	-75	-1.7	-646	-100	-746	-346	1.15	53%	0.32	-23.7	2.13%	-2.4	-2	35	-0.1
18	May_3_2023	1135.19	1273.87	1265.33	1268.06	1273.99	1263.39	1269.9(1.04%)	DP	OpenShort	-75	0.1	-150	-40	-164	-108	0.37	57%	0.37	-16.2	2.06%	0.4	-0.1	45	1
19	May_2_2023	1131.05	1275.34	1268.71	1261.2	1267.6	1274.19	1256.89(-2.68%)	DT	OpenShort	-75	-0.2	-151	50	-166	-107	0.33	57%	0.35	-6	2.09%	-1.1	-0.7	52	1.1
20	May_1_2023	1127.12	1278.25	1274.89	1255.74	1262.12	1284.58	1291.5(1.08%)	UT	OpenLong	75	1.3	642	140	767	265	0.22	59%	0.37	8.5	2.06%	1.5	0.5	51	1.8

21	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
22	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
23	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
24	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
25	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%		66.3	2.23%	-0.5	-0	42	1.4
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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