Trading Signals: MELI Stock Price Prediction and Forecast

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

Thu. Sep. 14, 2023

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

(MercadoLibre Inc)
MELI latest price $1383.2400 (-0.98%) ($1363.1350 - $1406.4800) on Thu. Sep. 14, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.12% (three month average)
RSI   83
Latest Price   $1383.2400(-0.98%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.8% a day on average for past five trading days.
Weekly Trend   MELI advances 4.8% 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)
BOTZ(63%)    QQQ(62%)    IVE(61%)    VUG(61%)    IWF(60%)
Factors Impacting MELI price   MELI will decline at least -1.56% in a week (0% probabilities).
VIXM(-43%)    VXX(-42%)    TBT(-31%)    UUP(-22%)    USO(-18%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.56% (StdDev 3.12%)
Hourly BBV -0.6 ()
Intraday Trend 0%

5 Day Moving Average   $1407.29(-1.71%)
10 Day Moving Average   $1412.6(-2.08%)
20 Day Moving Average   $1334.36(3.66%)
To recent high   -3.8%
To recent low   27.2%
Market Cap   $68.761b

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 6.75% (three month std-dev: 3.12%) daily (68% of days).

Sample size 6 Average positive next day return: 1.32%(33%) Average negative next day return: -2.23%(67%) Sample size 6 Average positive next three day return: 4.9%(33%) Average negative next three day return: -7.03%(67%) Sample size 6 Average positive next weekly return: 3.35%(33%) Average negative next weekly return: -10.98%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20231014

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	Sep_14_2023	1257.6	1334.36	1412.6	1407.29	1402.42	1391.13	1383.24(-0.98%)	DT	OpenShort	-75	-0.3	-195	-70	-256	-11	0.47	59%	0.12	30.5	3.12%	-0.6	0.5	83	1.5
2	Sep_13_2023	1256.06	1327.7	1409.46	1418.13	1413.12	1400.36	1396.96(-0.39%)	DT	OpenShort	-75	-0.2	-216	-70	-288	-1	0.29	58%	0.14	30.7	3.14%	-0.4	0.8	73	1.3
3	Sep_12_2023	1254.31	1321.87	1401.1	1423.73	1420.71	1413.71	1402.48(-1.58%)	CR	SmallShort	-20	-0.2	-180	-40	-250	31	0.26	59%	0.11	31	3.15%	-1.2	0.9	76	1
4	Sep_11_2023	1252.98	1316.2	1386.9	1430.04	1426.33	1425.89	1424.94(-0.27%)	N/A	N/A	0	-0.1	-7	-10	-50	124	0.33	59%	0.12	31	3.16%	-0.7	1.2	81	1.3
5	Sep_8_2023	1251.49	1310.65	1369.01	1429.1	1428.6	1427.71	1428.82(-0.6%)	UD	OpenLong	75	-0	68	-10	35	168	0.51	59%	0.11	34.3	3.16%	-0.7	1.4	83	1.3

6	Sep_7_2023	1250.08	1307.44	1348.38	1418.49	1426.99	1426.77	1437.46(0.88%)	UT	HoldLong	65	0.2	111	20	85	188	0.5	57%	0.11	35.8	3.15%	1.2	1.6	85	1.2
7	Sep_6_2023	1248.73	1300.44	1329.85	1399.22	1414.46	1429.49	1424.95(-0.63%)	UD	OpenLong	75	0.3	243	110	244	238	0.55	55%	0.09	40.5	3.19%	0.2	1.7	71	1.4
8	Sep_5_2023	1247.66	1294.7	1310.85	1374.5	1393.51	1427.22	1434.02(0.97%)	UT	OpenLong	75	0.9	675	210	760	420	0.55	55%	0.05	41.6	3.21%	1.5	2	65	1.7
9	Sep_1_2023	1246.99	1289.61	1289.12	1336.84	1360.34	1399.44	1420.26(3.24%)	UT	OpenLong	75	1.3	912	250	1050	496	0.47	55%	0.1	38.4	3.19%	1.4	2.1	61	2.3
10	Aug_31_2023	1245.69	1282.61	1266.45	1300.09	1316.67	1359.8	1375.74(2.58%)	UT	OpenLong	75	1.4	823	270	960	413	0.56	54%	0.1	30.5	3.17%	1.8	1.7	52	2.3

11	Aug_30_2023	1244.46	1279.09	1247.86	1268.05	1281.18	1321.25	1341.13(3.06%)	UT	OpenLong	75	1.3	898	250	1063	402	0.37	52%	0.05	26.1	3.16%	1.2	1.1	41	2.2
12	Aug_29_2023	1243.88	1270.76	1237.35	1250.79	1249.6	1273.54	1301.36(4.47%)	UT	OpenLong	75	0.9	525	130	632	205	0.55	52%	0.04	17.6	3.15%	1.4	0.5	48	1.7
13	Aug_28_2023	1243.33	1266.39	1234.44	1238.22	1237.97	1241.11	1245.71(0.74%)	UT	OpenLong	75	0.1	210	20	266	41	0.15	50%	0	13.7	3.13%	1.3	-0.4	40	1.5
14	Aug_25_2023	1243.3	1266.23	1238.83	1233.88	1236.16	1225.67	1236.51(1.72%)	DP	OpenShort	-75	0	-115	-50	-112	-122	0.25	50%	-0.01	14.9	3.14%	-0.1	-0.5	36	0.2
15	Aug_24_2023	1243.39	1265.96	1247.21	1226.9	1233.04	1234.83	1215.56(-3.13%)	DT	OpenShort	-75	-0.2	-151	30	-154	-141	0.33	50%	-0.03	10.9	3.15%	-1.2	-0.8	43	-0.6

16	Aug_23_2023	1243.74	1264.47	1263.42	1223.13	1229.73	1246.66	1254.82(1.32%)	UT	OpenLong	75	0.5	278	110	349	65	0.36	49%	-0.04	6.9	3.13%	1	-0.2	44	0.5
17	Aug_22_2023	1244.23	1260.96	1268.99	1221.73	1219.05	1231.25	1238.49(1.18%)	UT	OpenLong	75	0.3	216	60	271	50	0.26	50%	-0.07	2.5	3.15%	1.7	-0.3	60	-0.5
18	Aug_21_2023	1245.05	1258.65	1277.78	1231.03	1220.85	1212.8	1224.01(1.86%)	DP	OpenShort	-75	-0.1	-59	-70	-58	-60	0.31	50%	-0.08	5	3.16%	0.9	-0.5	54	-0.5
19	Aug_18_2023	1246	1257.81	1290.83	1245.65	1236.09	1206.85	1201.6(0.41%)	DP	OpenShort	-75	-0.7	-502	-190	-588	-245	0.39	50%	-0.05	12.6	3.16%	-0.9	-0.9	50	-1.4
20	Aug_17_2023	1246.66	1259.45	1301.38	1271.07	1259.96	1228.9	1196.72(-4.1%)	DT	OpenShort	-75	-1.1	-736	-200	-872	-328	0.56	52%	-0.03	30.1	3.16%	-1.8	-1	51	-2.3

21	Aug_16_2023	1246.98	1260.22	1314.83	1309.2	1289.1	1265.34	1247.85(-2.89%)	DT	OpenShort	-75	-0.9	-600	-180	-727	-217	0.52	54%	0.04	51.5	3.15%	-2.4	-0.2	60	-1
22	Aug_15_2023	1246.44	1259.3	1309.3	1322.38	1321.89	1291.03	1284.97(-0.93%)	DT	OpenShort	-75	-0.6	-335	-160	-420	-80	0.25	54%	0.08	62.9	3.14%	-0.9	0.4	62	-0.8
23	Aug_14_2023	1245.48	1255.33	1303.12	1330.96	1329	1312.87	1297.09(-2.38%)	DT	OpenShort	-75	-0.5	-573	-90	-704	-179	0.53	54%	0.09	71.8	3.14%	-1.4	0.6	62	0.9
24	Aug_11_2023	1244.3	1249.5	1297.77	1342.54	1335.67	1352.76	1328.7(-4.23%)	UD	OpenLong	75	-0.2	83	70	62	147	0.61	54%	0.11	80.8	3.13%	-0.6	1.1	63	0.2
25	Aug_10_2023	1242.88	1240.01	1287.48	1336.01	1342.25	1345.14	1387.38(5.6%)	UT	OpenLong	75	0.7	570	30	635	376	0.65	57%		78.1	3.08%	1.9	2.1	64	-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

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