Trading Signals: MELI Stock Price Prediction and Forecast

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Mon. Jul. 31, 2023

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

(MercadoLibre Inc)
MELI latest price $1236.9200 (1.16%) ($1236.9200 - $1236.9200) on Mon. Jul. 31, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.61% (three month average)
RSI   70
Latest Price   $1236.9200(1.16%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.7% a day on average for past five trading days.
Weekly Trend   MELI advances 2% a week on average for past two weeks.
Market Behavior   Normal for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support MELI advance at 0% a week (0% probability)
QQQ(53%)    VUG(52%)    XLY(52%)    IWF(51%)    SKYY(51%)
Factors Impacting MELI price   MELI will decline at least -1.305% in a week (0% probabilities).
VXX(-39%)    VIXM(-39%)    EDOC(-20%)    UUP(-18%)    TBT(-10%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.305% (StdDev 2.61%)
Hourly BBV 0.9 ()
Intraday Trend 0%

5 Day Moving Average   $1196.99(3.34%)
10 Day Moving Average   $1203.39(2.79%)
20 Day Moving Average   $1180.92(4.74%)
To recent high   -7.6%
To recent low   13.7%
Market Cap   $61.487b

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: 2.61%) daily (68% of days).

Sample size 10 Average positive next day return: 6.46%(30%) Average negative next day return: -3.91%(70%) Sample size 10 Average positive next three day return: 7.37%(30%) Average negative next three day return: -4.34%(70%) Sample size 10 Average positive next weekly return: 2.99%(80%) Average negative next weekly return: -11.3%(20%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230831

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_31_2023	1234.36	1180.92	1203.39	1196.99	1204.96	1229.84	1236.92(1.16%)	UT	OpenLong	75	1	596	160	688	320	0.37	45%	0.06	14.5	2.61%	0.9	1.4	70	1.5
2	Jul_28_2023	1233.64	1178.12	1197.35	1189.01	1191.12	1202.48	1222.76(4.54%)	UT	OpenLong	75	0.9	441	70	503	255	0.35	47%	0.02	5	2.61%	1.6	1.2	73	1.3
3	Jul_27_2023	1233.45	1175.31	1189.06	1189.44	1184.68	1180.07	1169.62(-0.38%)	N/A	N/A	0	-0.5	-90	-40	-122	5	0.49	44%	-0.07	-2.9	2.57%	-1.5	-0.2	54	0.5
4	Jul_26_2023	1234.29	1176.93	1187.65	1195.31	1195.36	1179.76	1174.1(-0.63%)	DT	OpenShort	-75	-0.6	-200	-90	-253	-40	0.3	44%	-0.07	1	2.57%	-1.7	-0.1	54	1.9
5	Jul_25_2023	1235.21	1176.41	1185.3	1205.48	1200.61	1189.29	1181.57(-1.29%)	DT	OpenShort	-75	-0.6	-446	-80	-541	-160	0.4	43%	-0.06	3.8	2.57%	-1.8	0.1	42	1.2

6	Jul_24_2023	1236.01	1175.16	1180.12	1209.85	1210.55	1210.96	1197(-2.28%)	N/A	N/A	0	-0.3	-18	0	-36	35	0.34	43%	-0.02	2.2	2.6%	-0.9	0.6	51	1.6
7	Jul_21_2023	1236.28	1176.26	1169.83	1206.05	1212.21	1211.94	1224.92(2.17%)	UT	OpenLong	75	0.5	162	10	182	101	0.42	43%	0.01	-0.3	2.59%	0.5	1.3	54	1.1
8	Jul_20_2023	1236.16	1176.32	1162.13	1188.46	1200.48	1210.14	1198.95(-2.12%)	UD	OpenLong	75	0.3	122	90	142	62	0.47	43%	-0.01	-9.2	2.57%	-0.6	0.6	54	1.4
9	Jul_19_2023	1236.25	1176.63	1157.18	1178.52	1184.97	1212.48	1224.95(1.79%)	UT	OpenLong	75	1.2	545	180	645	243	0.56	43%	0	-18.8	2.56%	1.3	1.2	52	1.5
10	Jul_18_2023	1236.2	1175	1157.41	1162.51	1166.96	1190.81	1203.45(2.16%)	UT	OpenLong	75	1	707	150	837	316	0.41	43%	0.02	-31.6	2.55%	1.7	0.7	55	1.9

11	Jul_17_2023	1236	1174.3	1155.35	1146.51	1152.28	1157.47	1177.99(3.61%)	UT	OpenLong	75	0.8	375	50	450	150	0.4	43%	0.02	-44.2	2.54%	2.3	0.1	54	1.4
12	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
13	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
14	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
15	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

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		-82.3	2.24%	-2	-2.4	33	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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