Trading Signals: MELI Stock Price Prediction and Forecast

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Tue. Nov. 21, 2023

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

(MercadoLibre Inc)
MELI latest price $1494.2300 (0.96%) ($1494.2300 - $1503.9000) on Tue. Nov. 21, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.95% (three month average)
RSI   77
Latest Price   $1494.2300(0.96%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   MELI advances 0.9% a day on average for past five trading days.
Weekly Trend   MELI advances 4.2% a week on average for past two weeks.
Market Behavior   Value stocks 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)
EWY(57%)    IVW(56%)    XLK(55%)    VUG(52%)    SMH(51%)
Factors Impacting MELI price   MELI will decline at least -0.975% in a week (0% probabilities).
BLOK(-23%)    UUP(-21%)    XLE(-19%)    USO(-12%)    TBT(-12%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.975% (StdDev 1.95%)
Hourly BBV 1.8 ()
Intraday Trend 0%

5 Day Moving Average   $1466.81(1.87%)
10 Day Moving Average   $1425.68(4.81%)
20 Day Moving Average   $1357.78(10.05%)
To recent high   0%
To recent low   27.7%
Market Cap   $74.278b

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 7.3% (three month std-dev: 1.95%) daily (68% of days).

Sample size 50 Average positive next day return: 2.04%(60%) Average negative next day return: -1.64%(40%) Sample size 50 Average positive next three day return: 4.24%(50%) Average negative next three day return: -4.67%(50%) Sample size 50 Average positive next weekly return: 5.86%(56%) Average negative next weekly return: -6.46%(44%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20231221

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	Nov_21_2023	1280.08	1357.78	1425.68	1466.81	1470.69	1488.31	1494.23(0.96%)	UT	HoldLong	65	0.3	771	90	869	476	0.28	91%	0.24	73.6	1.95%	1.8	1.4	77	1.3
2	Nov_20_2023	1277.03	1344.01	1414.12	1454.07	1456.79	1463.11	1479.97(2.29%)	UT	HoldLong	65	0.3	438	40	472	334	0.36	91%	0.23	69.5	1.96%	1.6	1.4	82	1.4
3	Nov_17_2023	1274.08	1329.06	1403.17	1433.79	1443.64	1453.07	1446.83(-1.56%)	UD	OpenLong	75	0.1	327	70	339	292	0.5	79%	0.22	62.1	1.94%	-0.8	1.2	81	1.5
4	Nov_16_2023	1271.3	1315.31	1396.94	1419.28	1426.71	1450.48	1469.7(1.83%)	UT	HoldLong	65	0.5	708	130	781	490	0.42	79%	0.21	56	2%	1.4	1.6	86	1.5
5	Nov_15_2023	1268.62	1300.59	1382.05	1393.7	1402.99	1434.21	1443.32(0.89%)	UT	HoldLong	65	0.5	1021	180	1149	638	0.32	79%	0.22	49	2.03%	0.7	1.5	87	1.6

6	Nov_14_2023	1265.78	1288.57	1368.58	1378.48	1378.06	1402.95	1430.55(3.77%)	UT	HoldLong	65	0.6	876	130	975	580	0.47	79%	0.22	46	2.03%	1.1	1.6	82	1.5
7	Nov_13_2023	1263	1278.41	1350.09	1369.05	1364.52	1371.77	1378.53(0.31%)	UT	OpenLong	75	0.1	426	30	445	368	0.17	77%	0.12	45.4	2.01%	1.4	1.2	72	1.4
8	Nov_10_2023	1261.47	1270.41	1335.65	1368.37	1365.74	1353.17	1374.28(2.42%)	N/A	N/A	0	0.1	-67	-70	-138	145	0.26	72%	0.11	46.7	2.07%	1.2	1.3	75	1.4
9	Nov_9_2023	1260.09	1262.44	1319.02	1371.3	1368.27	1357.27	1341.83(-1.86%)	DT	OpenShort	-75	-0.4	-497	-60	-646	-50	0.25	70%	0.1	49.8	2.17%	-2.4	1.1	74	0.9
10	Nov_8_2023	1258.77	1256.56	1303.39	1367.45	1380.17	1378.3	1367.21(-1.17%)	UD	OpenLong	75	-0	191	20	162	276	0.2	70%	0.13	51.4	2.16%	-0.7	1.5	76	1.6

11	Nov_7_2023	1257.09	1249.8	1286	1355.83	1367.51	1379.26	1383.38(0.6%)	UT	OpenLong	75	0.4	205	90	183	270	0.31	73%	0.1	51.6	2.17%	0.7	2	71	1.7
12	Nov_6_2023	1255.8	1242.68	1269.17	1327.31	1351.08	1382.04	1375.14(-0.99%)	UD	OpenLong	75	0.8	938	210	1057	579	0.33	73%	0.15	47	2.24%	0.6	2.2	64	1.9
13	Nov_3_2023	1253.96	1235.06	1249.25	1297.42	1317.49	1355.75	1388.95(5.02%)	UT	OpenLong	75	1.8	1202	250	1381	665	0.6	80%	0.13	36.3	2.24%	1.2	3	67	1.9
14	Nov_2_2023	1252.27	1226.63	1226.38	1259.6	1275.79	1320.11	1322.56(1.03%)	UT	OpenLong	75	1.7	971	280	1128	499	0.85	73%	0.06	17.4	2.67%	1	2.5	63	1.9
15	Nov_1_2023	1251.55	1220.75	1211.39	1230.05	1245.11	1279.22	1309.14(5.51%)	UT	OpenLong	75	2.5	1106	230	1299	528	0.73	73%	0.08	-13.6	2.71%	2.7	2.8	59	1.6

16	Oct_31_2023	1250.51	1216.28	1200.39	1206.42	1208.64	1231.47	1240.78(1.23%)	UT	OpenLong	75	1.4	450	140	535	193	0.37	70%	0	-48.3	2.64%	1.6	1	48	1.3
17	Oct_30_2023	1250.46	1215.4	1199.4	1202.57	1195.87	1210.99	1225.67(2.15%)	UT	OpenLong	75	0.9	404	70	484	165	0.43	70%	0.01	-58.1	2.64%	1.5	0.4	43	-0.1
18	Oct_27_2023	1250.28	1216.65	1198.81	1193.63	1195.72	1185.81	1199.84(2.13%)	UT	OpenLong	75	0.2	142	-50	179	31	0.39	72%	-0.01	-67.4	2.68%	0.8	-0.6	43	-1.7
19	Oct_26_2023	1250.36	1220.07	1200.9	1187.69	1188.5	1180.74	1174.8(-1.36%)	DT	OpenShort	-75	-0.4	-390	-40	-444	-227	0.41	72%	-0.03	-70.4	2.67%	-1.1	-1.5	37	-1.1
20	Oct_25_2023	1250.72	1224.98	1206.55	1188.78	1186.45	1205.62	1191(-2.5%)	UD	OpenLong	75	0.1	161	110	203	34	0.34	72%	-0.05	-76.6	2.67%	-0.5	-1.2	47	-0.8

21	Oct_24_2023	1251.38	1228.29	1211.72	1192.86	1183.73	1196.26	1221.54(3.44%)	UT	OpenLong	75	1	477	50	573	187	0.26	72%	-0.05	-85.2	2.65%	1.5	-0.2	48	0.4
22	Oct_23_2023	1252.06	1230.39	1214.81	1196.52	1181.19	1167.28	1180.97(0.93%)	DP	OpenShort	-75	-0.5	-243	-120	-276	-144	0.28	70%	-0.07	-86.3	2.63%	0.1	-1.6	40	-0.7
23	Oct_20_2023	1252.98	1235.77	1220.73	1205.43	1198.41	1171.2	1170.14(-0.86%)	DT	OpenShort	-75	-1.2	-544	-180	-632	-281	0.35	70%	-0.07	-96.2	2.65%	-1.1	-2.2	31	-1.3
24	Oct_19_2023	1253.89	1241.32	1228.06	1216.01	1213.82	1195.1	1180.27(-2.57%)	DT	OpenShort	-75	-1.3	-608	-110	-708	-306	0.49	70%	-0.05	-112.3	2.66%	-2.3	-2.2	30	-1.4
25	Oct_18_2023	1254.52	1247.1	1232.25	1226.14	1225.23	1225.62	1211.4(-2.29%)	DT	OpenShort	-75	-0.5	-167	0	-190	-99	0.28	70%		-112.7	2.65%	-1.9	-1.2	34	-0.7
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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