Mercadolibre technical analysis

Use Mercadolibre Inc technical analysis together with your other stock asset holdings to enhance returns of your portfolios as well as to check it against diversification policy that fits your risk preferences.  Optimize Portfolio

Use this graph to draw trend lines for Mercadolibre Inc. You can use it to identify possible trend reversals for Mercadolibre as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mercadolibre price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Mercadolibre Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Mercadolibre Inc applied against its price change over selected period. The best fit line has a slop of 1.73 % which means Mercadolibre Inc will continue generating value for investors. It has 44 observation points and regression sum of squers of 5299.04 which is sum of squared deviations of the predicted Mercadolibre price change against its avarage change. Mercadolibre has a best fit line with a correlation coefficient of 0.94. and coefficient of determination of 0.88. Note, that about 29.0% of the company outstanding shares are owned by corporate insiders.