Mercadolibre (Mexico) Technical Analysis

    MELIN -- Mexico Stock  

    MXN 10,895  0.00  0.00%

    As of 20 of June Mercadolibre secures Risk Adjusted Performance of 0.078, Downside Deviation of 3.19 and Mean Deviation of 1.23. In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Mercadolibre as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for Mercadolibre which can be compared to its peers in the industry. Please verify Mercadolibre Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Mercadolibre is priced some-what accurately providing market reflects its recent price of 10895.0 per share.
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    Mercadolibre Technical Analysis

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    Mercadolibre Trend Analysis

    Use this graph to draw trend lines for Mercadolibre. 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 applied against its price change over selected period. The best fit line has a slop of 42.82 % which means Mercadolibre will continue producing value for investors. It has 78 observation points and a regression sum of squares at 1.811648944E7, which is the sum of squared deviations for the predicted Mercadolibre price change compared to its average price change.

    Mercadolibre June 20, 2019 Technical Indicators

    Mercadolibre June 20, 2019 Daily Price Condition

    Please see also Stocks Correlation. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.