MercadoLibre (Mexico) Technical Analysis
| MELIN Stock | MXN 40,966 981.69 2.46% |
As of the 24th of November, MercadoLibre secures the Mean Deviation of 1.72, risk adjusted performance of 0.0485, and Downside Deviation of 4.25. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of MercadoLibre, as well as the relationship between them. Please verify MercadoLibre variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if MercadoLibre is priced some-what accurately, providing market reflects its recent price of 40965.69 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 MercadoLibreMercadoLibre |
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.
MercadoLibre Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 4.42 , which may suggest that MercadoLibre market price will keep on failing further. It has 122 observation points and a regression sum of squares at 739367.08, 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 November 24, 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0485 | |||
| Market Risk Adjusted Performance | 0.6644 | |||
| Mean Deviation | 1.72 | |||
| Semi Deviation | 3.42 | |||
| Downside Deviation | 4.25 | |||
| Coefficient Of Variation | 1866.3 | |||
| Standard Deviation | 2.95 | |||
| Variance | 8.68 | |||
| Information Ratio | 0.0092 | |||
| Jensen Alpha | 0.1205 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0064 | |||
| Treynor Ratio | 0.6544 | |||
| Maximum Drawdown | 21.32 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.64 | |||
| Downside Variance | 18.07 | |||
| Semi Variance | 11.7 | |||
| Expected Short fall | (1.64) | |||
| Skewness | (2.97) | |||
| Kurtosis | 18.17 |
Additional Information and Resources on Investing in MercadoLibre Stock
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 closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in MercadoLibre Stock, please use our How to Invest in MercadoLibre guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.