Trading Signals: MELI Stock Price Prediction and Forecast

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

Fri. Sep. 29, 2023

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

(MercadoLibre Inc)
MELI latest price $1271.8150 (-0.09%) ($1271.8150 - $1271.8150) on Fri. Sep. 29, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.98% (three month average)
RSI   15
Latest Price   $1271.8150(-0.09%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI declines -0.1% a day on average for past five trading days.
Weekly Trend   MELI declines -4.7% a week on average for past two weeks.
Market Behavior   Growth stock sell-off 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(68%)    BOTZ(66%)    IVE(66%)    SPY(66%)    VUG(66%)
Factors Impacting MELI price   MELI will decline at least -1.49% in a week (0% probabilities).
VIXM(-46%)    VXX(-45%)    TBT(-32%)    UUP(-22%)    USO(-16%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.49% (StdDev 2.98%)
Hourly BBV 0.1 ()
Intraday Trend 0%

Resistance Level   $1352.14
5 Day Moving Average   $1271.22(0.05%)
10 Day Moving Average   $1295.69(-1.84%)
20 Day Moving Average   $1352.14(-5.94%)
To recent high   -11.5%
To recent low   17%
Market Cap   $63.222b

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 4.84% (three month std-dev: 2.98%) daily (68% of days).

Sample size 6 Average positive next day return: 1.95%(17%) Average negative next day return: -1.42%(83%) Sample size 6 Average positive next three day return: 2.96%(17%) Average negative next three day return: -5%(83%) Sample size 6 Average positive next weekly return: 1.08%(33%) Average negative next weekly return: -7.98%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20231029

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_29_2023	1262.26	1352.14	1295.69	1271.22	1267.56	1272.4	1271.82(-0.09%)	N/A	N/A	0	0	57	20	95	-56	0.27	60%	-0.02	-17.6	2.98%	0.1	-1.2	15	-1.3
2	Sep_28_2023	1262.53	1357.72	1307.06	1272.41	1271.72	1264.19	1272.99(1.34%)	DP	OpenShort	-65	0	-14	-40	13	-93	0.29	62%	-0.01	-6.5	3.01%	1.3	-1.4	15	-0.9
3	Sep_27_2023	1262.7	1361.75	1317.8	1276.61	1272.7	1262.71	1256.19(-0.83%)	DT	HoldShort	-65	-0.3	-344	-60	-375	-252	0.31	62%	0.01	1.6	3.04%	-1.2	-1.8	9	-1.6
4	Sep_26_2023	1262.62	1364.97	1331.91	1290.83	1282.35	1279.25	1266.65(-1.69%)	DT	HoldShort	-65	-0.4	-197	-40	-204	-177	0.27	58%	-0.02	13.9	3.03%	-1.1	-1.8	15	-3
5	Sep_25_2023	1262.83	1365.14	1345.64	1305.4	1296.47	1282.68	1288.47(0.84%)	DP	OpenShort	-75	-0.3	-189	-90	-196	-166	0.16	58%	0.03	22.5	3.12%	0.2	-1.3	16	-1.5

6	Sep_22_2023	1262.39	1363.67	1359.26	1324.31	1311.33	1285.44	1277.73(-1.26%)	DT	HoldShort	-65	-0.7	-577	-170	-657	-337	0.28	59%	0.05	32.5	3.12%	-1.1	-1.4	18	-1
7	Sep_21_2023	1261.71	1361.83	1374.73	1347.1	1337.2	1310.26	1293.99(-2.51%)	DT	OpenShort	-75	-0.8	-585	-160	-673	-321	0.28	59%	0.02	41.2	3.13%	-1.4	-1	37	-0.9
8	Sep_20_2023	1261.46	1360.81	1389.49	1364.95	1361.62	1337.21	1327.33(-0.91%)	DT	OpenShort	-75	-0.5	-498	-130	-578	-259	0.34	59%	0.06	48.1	3.11%	-0.8	-0.5	52	-0
9	Sep_19_2023	1260.73	1357.18	1399.69	1378.88	1376	1364.13	1339.47(-3.15%)	DT	OpenShort	-75	-0.5	-408	-70	-479	-194	0.51	59%	0.04	48.4	3.11%	-1.4	-0.2	63	0.9
10	Sep_18_2023	1260.23	1352.17	1409.57	1391.48	1388.58	1386.03	1383.04(-0.62%)	DT	OpenShort	-75	-0.1	-66	-20	-87	-3	0.29	61%	0.09	46.1	3.1%	-0.4	0.4	79	1

11	Sep_15_2023	1259.13	1343.66	1413.54	1399.86	1394.11	1387.86	1391.69(0.61%)	N/A	N/A	0	-0.1	-100	-40	-136	8	0.29	59%	0.12	39.5	3.12%	0.8	0.6	81	1
12	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
13	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
14	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
15	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

16	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
17	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
18	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
19	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
20	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

21	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
22	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
23	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
24	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
25	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%		14.9	3.14%	-0.1	-0.5	36	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

Click to see actual return for next trading day.