Trading Signals: MELI Stock Price Prediction and Forecast

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Mon. Jul. 3, 2023

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

(MercadoLibre Inc)
MELI latest price $1191.7800 (0.28%) ($1191.7800 - $1193.7300) on Mon. Jul. 3, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.22% (three month average)
RSI   48
Latest Price   $1191.7800(0.28%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.6% a day on average for past five trading days.
Weekly Trend   MELI declines -1.3% a week on average for past two weeks.
Market Behavior   Normal for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
QQQ(52%)    VUG(51%)    XLY(51%)    IWF(50%)    SKYY(50%)
Factors Impacting MELI price   MELI will decline at least -1.11% in a week (0% probabilities).
VXX(-38%)    VIXM(-37%)    UUP(-14%)    TBT(-14%)    UNG(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.11% (StdDev 2.22%)
Hourly BBV 0 ()
Intraday Trend 0%

Resistance Level   $1211.07
5 Day Moving Average   $1183.53(0.7%)
10 Day Moving Average   $1194.27(-0.21%)
20 Day Moving Average   $1211.07(-1.59%)
To recent high   -11%
To recent low   3.2%
Market Cap   $59.243b

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 2.55% (three month std-dev: 2.22%) daily (68% of days).

Sample size 33 Average positive next day return: 1.38%(58%) Average negative next day return: -1.12%(42%) Sample size 33 Average positive next three day return: 2.68%(52%) Average negative next three day return: -1.64%(48%) Sample size 33 Average positive next weekly return: 3.19%(52%) Average negative next weekly return: -2.99%(48%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230803

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	Jul_3_2023	1233.55	1211.07	1194.27	1183.53	1190.84	1193.44	1191.78(0.28%)	UT	OpenLong	75	0.3	289	30	350	105	0.24	44%	0.07	-59.2	2.22%	0	-0.6	48	1.2
2	Jun_30_2023	1232.69	1214.26	1194.6	1176.21	1183.05	1182.81	1188.45(1.49%)	DP	OpenShort	-75	0.4	-66	20	-64	-72	0.39	48%	0.03	-64.4	2.27%	-0.2	-0.8	48	1
3	Jun_29_2023	1232.26	1216.92	1197.94	1183.93	1178.41	1188.25	1171.01(-2.79%)	DT	OpenShort	-75	-0.4	-81	40	-85	-69	0.29	50%	0	-64.8	2.29%	-1.1	-1.3	45	1
4	Jun_28_2023	1232.23	1221.04	1201.94	1197.4	1192.42	1183.29	1204.68(3.7%)	UT	OpenLong	75	0.2	172	-70	211	56	0.34	51%	0.03	-69	2.29%	1	-0.5	42	1.2
5	Jun_27_2023	1231.9	1224.82	1204.74	1198.7	1200.75	1168.57	1161.73(0.57%)	DP	OpenShort	-75	-1.1	-783	-180	-910	-402	0.52	49%	-0.01	-70.8	2.24%	-0.9	-1.9	30	1.1

6	Jun_26_2023	1232.03	1229.61	1209.85	1206.4	1213.28	1201.56	1155.16(-5.86%)	DT	OpenShort	-75	-1.7	-679	-50	-787	-356	0.58	49%	-0.03	-82.3	2.24%	-2	-2.4	33	1
7	Jun_23_2023	1232.39	1236.2	1215.8	1214.31	1219.33	1232.93	1227.06(-0.91%)	UD	OpenLong	75	0.5	225	90	278	67	0.64	53%	0	-89	2.11%	1.2	-0.3	44	1.1
8	Jun_22_2023	1232.33	1239.54	1213.97	1213.65	1213.04	1225	1238.35(2.24%)	UT	OpenLong	75	0.9	453	70	548	166	0.34	51%	0.01	-86.4	2.11%	1.8	-0	49	1.4
9	Jun_21_2023	1232.15	1244.05	1214.93	1207.72	1206.98	1205.72	1211.19(0.91%)	RB	SmallLong	20	0.1	97	-10	132	-8	0.31	51%	0.03	-80.7	2.12%	1.1	-1.1	43	1.3
10	Jun_20_2023	1231.84	1248.74	1221.94	1212.72	1205.12	1201.09	1200.25(0.47%)	DP	OpenShort	-75	-0.4	-261	-40	-291	-170	0.33	51%	0.04	-67.9	2.16%	-0.7	-1.5	35	1.2

11	Jun_16_2023	1231.34	1255.37	1228.76	1214.22	1214.11	1208.24	1194.69(-2.38%)	DT	OpenShort	-75	-0.5	-49	-30	-43	-67	0.78	53%	0	-52.8	2.16%	-1.5	-1.6	42	1.6
12	Jun_15_2023	1231.28	1261.69	1235.25	1216.84	1215.56	1209.16	1223.77(1.25%)	DP	OpenShort	-75	0.2	-203	-40	-224	-141	0.39	55%	0.18	-46.4	2.17%	0	-0.9	40	1.2
13	Jun_13_2023	1229.09	1264.49	1237.09	1214	1213.88	1219.99	1208.69(-2.23%)	DT	OpenShort	-75	-0.1	-77	30	-71	-94	0.5	57%	0.09	-45.5	2.22%	-0.2	-1.4	36	1.3
14	Jun_12_2023	1227.95	1269.07	1241.59	1223.24	1215.32	1221.97	1236.21(2.36%)	UT	OpenLong	75	0.3	194	20	250	27	0.34	58%	0.11	-40.6	2.21%	2.8	-0.9	33	1.4
15	Jun_9_2023	1226.54	1271.44	1246.1	1233.6	1220	1207.77	1207.72(-0.01%)	DT	OpenShort	-75	-0.7	-255	-100	-280	-178	0.31	53%	0.11	-30.3	2.22%	-0.4	-1.7	35	1.7

16	Jun_8_2023	1225.15	1276.19	1251.02	1246.12	1238.5	1208.68	1207.81(-0.14%)	DT	OpenShort	-75	-1.1	-640	-190	-733	-360	0.31	53%	0.12	-12.5	2.27%	-1	-2	32	2
17	Jun_7_2023	1223.74	1280.62	1258.83	1256.17	1254.13	1232.24	1209.55(-3.62%)	DT	OpenShort	-75	-1.5	-827	-130	-954	-445	0.46	53%	0.12	-2.5	2.27%	-1.6	-2.3	36	2.2
18	Jun_6_2023	1222.32	1283.14	1267.99	1262.48	1265.87	1268.33	1254.92(-2.57%)	DT	OpenShort	-75	-0.3	-120	20	-125	-104	0.41	57%	0.03	2.3	2.23%	-0.3	-1	49	2.4
19	Jun_5_2023	1221.99	1284.91	1275.82	1261.77	1262.41	1276.03	1287.99(1.39%)	UT	OpenLong	75	1	315	80	385	106	0.27	58%	0.17	1	2.23%	1.4	0.1	49	2.3
20	Jun_2_2023	1219.87	1282.98	1277.33	1261.13	1254.82	1263.42	1270.33(0.97%)	UT	OpenLong	75	0.3	229	30	282	68	0.35	58%	0.21	-4.6	2.23%	1.3	-0.5	50	2.2

21	Jun_1_2023	1217.36	1280.57	1283.4	1257.6	1258.44	1248.79	1258.08(1.37%)	N/A	N/A	0	0	46	-50	67	-16	0.34	58%	0.28	-11.6	2.22%	0.8	-0.7	45	2
22	May_31_2023	1213.97	1281.34	1289.62	1262.72	1257.48	1246.23	1241.06(-0.83%)	DT	OpenShort	-75	-0.7	-543	-80	-630	-283	0.32	58%	0.28	-2.4	2.27%	-0.9	-1.3	45	1.2
23	May_30_2023	1210.62	1282.49	1293.91	1274.32	1268.13	1268.1	1251.39(-2.6%)	DT	OpenShort	-75	-0.7	-160	-10	-184	-87	0.35	58%	0.58	12.1	2.27%	-1.1	-1	53	1.3
24	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
25	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%		35	2.25%	-1.4	-1	54	0.2
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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