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     Mon. Aug. 10, 2020



Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Mon. Aug. 10, 2020)

(MercadoLibre Inc)

MELI latest price $1125.5900 (-5.36%) ($1090.0000 - $1270.0000) on Mon. Aug. 10, 2020.

Trend and Trading Plan

Trend Narrative  Uptrend Consolidation
Trading Plan  Not Available
 
Valuation to SPY   0.4
 
Relative Volatility   2.1 (options are extremely expensive)
 
Hourly Trend   -1.89% [$1173.39(-34.1), $1195.94(-3.91)]
Last Hour Trend   0.01% [$1136.72, $1136.66]


MELI Next Day Price Forecast

Bullish Probability  70%
Bullish Price Move  2.5%
Bearish Probability  30%
Bearish Price Move  -2.5%
Recommended Position Size  16%
Latest Price  $1125.5900
Next Day Open Price  $1125.82(0.02%)
1 - 5 Day Target Price  $1124.46(-0.1%)
1 - 5 Day Price Range  $1102.65 - $1189.84
Inflection Point  Yes
Support Level  $1076.3
To recent high  -8%
To recent low  47.7%
 
Option Sentiment  
 
 
Earning Release Date  Mon. Aug. 10, 2020
Analyst One Year Target Price  $980.78 ($630.00 - $1550.00)
  18 analysts (last updated on Fri. Aug. 7, 2020)
% to Average Target Price  -12.87%
% to Low Target Price  -44.03%
% to High Target Price  37.71%
 


  
 
 


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.


$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. MELI price fluctuates within 8.15% (three month std-dev: 2.48%    one year average std_dev: 0%) daily (68% of days).
$. MELI price fluctuates within 0% weekly (one year average std_dev: %).
$. MELI is 66% correlated to SPY, and 72% correlated to QQQ.

Analysis   News   Options   Weekly Chart   Daily Chart   Hourly Chart   5 Minute Chart

iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVRVRVTVolume
millions
CloseActualPriceRangeTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeRSI
1Aug_10_2020-8%-47.7%0.6(-0)1(-0.1)-0.1-0.90.01%6.7%0.60.42.11.1   1125.59(-5.36%)1090-1270Uptrend Consolidation 1124.46(-0.1%)1102.65-1189.8465
2Aug_7_2020-2.8%-56.1%0.6(0)1.1(0)0.10.3-0.44%6.9%1.41.42.50.88   1189.31(-2.34%)1162.32-1235Uptrend 1269.35(6.73%)1162.7-1315.1172
3Aug_6_2020-0.5%-63.6%0.6(0)1.1(0.1)0.20.90.15%6%1.91.92.70.42   1217.82(-0.51%)1200.15-1248.22Uptrend Relative Overbought 1274.69(4.67%)1118.2-1402.8281
4Aug_5_20200%-98%0.6(0.1)1.2(0.1)0.30.90.15%4.8%2.32.42.80.62   1224.03(4.28%)1181.61-1234.27Growing Uptrend Relative Overbought 1235.78(0.96%)1106.84-1341.2282
5Aug_4_20200%-93.4%0.6(0.1)1.2(0.1)0.41.20.24%3.9%2.12.12.60.4   1173.77(0.14%)1151.12-1175Growing Uptrend Relative Overbought 1182.34(0.73%)1088.27-1259.2776
 
6Aug_3_20200%-93.1%0.6(0.1)1.2(0.1)0.41.2-0.06%3.3%2.62.52.40.52   1172.18(4.46%)1124.99-1181.99Growing Uptrend Relative Overbought 1166.08(-0.52%)1077.83-1238.2276
7Jul_31_20200%-85.2%0.6(0.1)1.3(0.5)0.61.50.77%2.7%2.22.11.30.72   1122.17(1.4%)1085.15-1150.82Growing Uptrend Relative Overbought 1120.26(-0.17%)1058.13-1171.1470
8Jul_30_20200%-89.6%0.5(0.1)1(0.5)0.61.50.37%1.9%2.42.30.60.76   1106.7(1.9%)1074.09-1131.89Growing Uptrend Relative Overbought 1096.52(-0.92%)1048.55-1135.7758
9Jul_29_20200%-86%0.5(0.1)0.6(0.3)0.42.10.42%1%2.4200.47   1086.09(4.3%)1053.75-1095.49Growing Uptrend Relative Overbought 1070.34(-1.45%)1034.5-1099.6758
10Jul_28_2020-2.4%-78.4%0.4(0)0.3(0.2)0.23.3-0.28%0.4%1.41.1-0.50.3   1041.36(-2.44%)1039.56-1066.33Growing Uptrend 1043.23(0.18%)1033.28-1045.7654
 
11Jul_27_20200%-82.8%0.4(0.1)0.2(0.2)0.30.60.96%-0%2.61.9-0.60.56   1067.44(7.78%)996-1081.74Uptrend Relative Overbought 1049.4(-1.69%)1022.12-1071.7659
12Jul_24_2020-4.3%-73.4%0.4(-0)-0.1(-0.1)0.2-2.70.25%-0.4%-0.1-0.6-1.20.45   990.37(0.9%)952.22-1002.47Correction 983.54(-0.69%)981.59-991.4750
13Jul_23_2020-5.1%-71.9%0.5(0)-0(-0)0.2-1.2-0.37%0%-0.5-1.3-1.30.38   981.57(-3.73%)976.82-1034.23Correction 974.7(-0.7%)972.68-982.6851
14Jul_22_2020-1.4%-78.5%0.4(0.1)0(0.1)0.42.70.2%0.5%1.2-0.3-1.30.34   1019.55(0.06%)1003.83-1046.8Growing Uptrend 1020.37(0.08%)1014.02-1022.0161
15Jul_21_2020-1.5%-78.4%0.4(-0)-0.1(0.1)0.44.50%0.6%1.3-0.2-1.40.41   1018.9(-0.55%)1013.39-1059.99Growing Uptrend 1018.7(-0.02%)1012.96-1020.0958
 
16Jul_20_2020-1%-79.4%0.4(-0)-0.3(0.1)0.41.50.53%0.7%1.70.2-1.70.46   1024.55(6.25%)975-1029.93Growing Uptrend 1023.12(-0.14%)1017.12-1024.5560
17Jul_17_2020-6.8%-68.9%0.4(-0.3)-0.4(-0.4)-0.7-0.90.76%0.7%-0.9-1.6-20.3   964.29(1.03%)941.44-972.95Correction 954.07(-1.06%)951.8-963.2549
18Jul_16_2020-7.7%-67.1%0.7(-0.3)0(-0.4)-0.5-2.10.2%1.1%-1.1-1.8-1.90.33   954.5(-1.76%)945.79-965.72Uptrend Consolidation Relative Oversold 963.19(0.91%)956.28-968.7648
19Jul_15_2020-6.1%-70.1%0.9(-0.3)0.4(-0.2)-0.3-30.39%1.5%-0.4-1.2-1.90.63   971.61(0%)956.81-987.18Uptrend Consolidation 975.11(0.36%)975.44-974.1660
20Jul_14_2020-6.1%-72.9%1.1(-0.2)0.6(-0.2)-0.3-1.50.15%1.8%-0.3-0.9-20.66   971.56(-1.26%)950.41-1000Uptrend Consolidation 974.67(0.32%)974.19-975.9550
 
21Jul_13_2020-4.9%-81.4%1.2(-0.1)0.7(-0.1)-0.10.6-1.64%2.1%0.20-1.90.54   984(-4.88%)979.82-1125Uptrend Consolidation 983.31(-0.07%)981.05-989.951
22Jul_10_20200%-90.7%1.1(0)0.7(0)0.30.30.31%2.5%1.81.4-10.29   1034.5(1.54%)1001.61-1035.83Uptrend 1040.81(0.61%)1021.88-1048.9374
23Jul_9_20200%-91.2%0.9(0)0.6(0.1)0.200.31%2.8%1.31.2-0.30.46   1018.77(0.51%)991.82-1026.26Uptrend 1025.9(0.7%)1008.3-1033.4377
24Jul_8_20200%-90.2%0.9(0)0.5(0)0.10.30.07%2.8%1.30.9-0.10.39   1013.6(0.56%)1001.44-1020.98Uptrend 1021(0.73%)1002.78-1028.7572
25Jul_7_20200%-91.7%0.8(0)0.5(-0.1)0.10.9-0.32%3.2%1.310.20.41   1008(1.22%)986.62-1023.48Uptrend 1015.76(0.77%)996.53-1024.0665
iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVRVRVTVolume
millions
Close  5 Day
Target  
Trend
Narrative
  5 Day
Price Change  
SRIRSI
 
 
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