Trading Signals: MELI Stock Price Prediction and Forecast

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

Fri. Jul. 14, 2023

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

(MercadoLibre Inc)
MELI latest price $1136.9400 (-1.07%) ($1136.9400 - $1136.9400) on Fri. Jul. 14, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.5% (three month average)
RSI   41
Latest Price   $1136.9400(-1.07%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.3% a day on average for past five trading days.
Weekly Trend   MELI declines -2.5% a week on average for past two weeks.
Market Behavior   Rotation from value to growth for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
QQQ(52%)    VUG(51%)    XLY(51%)    IWF(49%)    SKYY(49%)
Factors Impacting MELI price   MELI will decline at least -1.25% in a week (0% probabilities).
VXX(-38%)    VIXM(-37%)    EDOC(-23%)    UUP(-15%)    TBT(-13%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.25% (StdDev 2.5%)
Hourly BBV -1 ()
Intraday Trend 0%

Resistance Level   $1176.33
5 Day Moving Average   $1128.4(0.76%)
10 Day Moving Average   $1155.81(-1.63%)
20 Day Moving Average   $1176.33(-3.35%)
To recent high   -15.1%
To recent low   4.6%
Market Cap   $56.517b

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 3.38% (three month std-dev: 2.5%) daily (68% of days).

Sample size 44 Average positive next day return: 1.58%(57%) Average negative next day return: -1.76%(43%) Sample size 44 Average positive next three day return: 2.54%(57%) Average negative next three day return: -2.95%(43%) Sample size 44 Average positive next weekly return: 2.9%(59%) Average negative next weekly return: -4.61%(41%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230814

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_14_2023	1235.74	1176.33	1155.81	1128.4	1139.15	1143.12	1136.94(-1.07%)	N/A	N/A	0	0.2	42	50	67	-32	0.39	40%	0	-55	2.5%	-1	-1	41	1.2
2	Jul_13_2023	1235.73	1179.99	1159.33	1131.72	1126.78	1147.1	1149.29(0.38%)	UT	OpenLong	75	0.4	174	110	225	22	0.31	42%	0.02	-58.1	2.5%	1	-0.8	41	1
3	Jul_12_2023	1235.43	1184.24	1164.58	1132.56	1127.78	1135.19	1144.9(1.91%)	UT	OpenLong	75	0.3	433	30	529	143	0.38	42%	0.03	-62.9	2.53%	1.3	-1	44	1.1
4	Jul_11_2023	1235.02	1187.51	1166.56	1152.47	1129.93	1106.46	1123.43(3.31%)	DP	OpenShort	-75	-0.7	-555	-200	-637	-310	0.52	44%	-0.09	-58	2.53%	0.1	-1.6	43	-0.3
5	Jul_10_2023	1236.19	1192.01	1170.4	1166.14	1159.66	1120.36	1087.43(-5.73%)	DT	OpenShort	-75	-2	-846	-250	-981	-441	1.3	42%	-0.01	-56.8	2.52%	-1.1	-2.7	40	-0.5

6	Jul_7_2023	1236.32	1198.65	1184.82	1186.34	1185.87	1153.39	1153.54(0%)	DT	HoldShort	-50	-1.1	-918	-190	-1072	-456	0.48	45%	0.03	-62	2.42%	-0.8	-1.6	42	-0.3
7	Jul_6_2023	1235.97	1203.69	1193.16	1189.83	1196.2	1198.96	1153.5(-7.31%)	DT	OpenShort	-75	-1.3	-394	30	-458	-201	0.78	45%	-0	-63.4	2.44%	-1.2	-1.9	45	-0.6
8	Jul_5_2023	1236.01	1210.27	1199.24	1200.07	1200.58	1218.35	1244.43(4.42%)	UT	OpenLong	75	1.8	589	100	696	266	0.5	47%	0.2	-59.2	2.25%	2.5	1.4	50	0.9
9	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
10	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

11	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
12	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
13	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
14	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
15	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

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		-2.5	2.27%	-1.6	-2.3	36	2.2
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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