MercadoLibre (Brazil) Technical Analysis

MELI34 Stock  BRL 63.50  0.22  0.35%   
As of the 29th of March, MercadoLibre secures the Standard Deviation of 2.0, risk adjusted performance of 0.0027, and Mean Deviation of 1.55. In connection with fundamental indicators, the technical analysis model 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 were able to analyze thirteen technical drivers for MercadoLibre, which can be compared to its peers in the industry. Please verify MercadoLibre mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if MercadoLibre is priced some-what accurately, providing market reflects its recent price of 63.5 per share.

MercadoLibre Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MercadoLibre, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MercadoLibre
  
MercadoLibre's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
MercadoLibre technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of MercadoLibre technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MercadoLibre trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

MercadoLibre Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of MercadoLibre volatility. High ATR values indicate high volatility, and low values indicate low volatility.

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   0.07  , which may suggest that MercadoLibre market price will keep on failing further. It has 122 observation points and a regression sum of squares at 164.03, which is the sum of squared deviations for the predicted MercadoLibre price change compared to its average price change.

About MercadoLibre Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of MercadoLibre on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of MercadoLibre based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MercadoLibre price pattern first instead of the macroeconomic environment surrounding MercadoLibre. By analyzing MercadoLibre's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of MercadoLibre's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to MercadoLibre specific price patterns or momentum indicators. Please read more on our technical analysis page.

MercadoLibre March 29, 2024 Technical Indicators

Most technical analysis of MercadoLibre help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MercadoLibre from various momentum indicators to cycle indicators. When you analyze MercadoLibre charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

MercadoLibre March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as MercadoLibre stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether MercadoLibre offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MercadoLibre's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mercadolibre Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mercadolibre Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MercadoLibre. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For information on how to trade MercadoLibre Stock refer to our How to Trade MercadoLibre Stock guide.
Note that the MercadoLibre information on this page should be used as a complementary analysis to other MercadoLibre's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for MercadoLibre Stock analysis

When running MercadoLibre's price analysis, check to measure MercadoLibre's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MercadoLibre is operating at the current time. Most of MercadoLibre's value examination focuses on studying past and present price action to predict the probability of MercadoLibre's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MercadoLibre's price. Additionally, you may evaluate how the addition of MercadoLibre to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between MercadoLibre's value and its price as these two are different measures arrived at by different means. Investors typically determine if MercadoLibre is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MercadoLibre's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.