Score 7.3 (out of 10): MERCADOLIBRE INC sets up for 10.7% rally in 1 month

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Insight:

MERCADOLIBRE INC has triggered a new technical analysis signal. During similar occasions, MERCADOLIBRE INC shares had a median return of +10.7%, over the following 1 month – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for MERCADOLIBRE INC received a high score of 7.3 (out of 10). This insight was generated on 2021-October-29 with last price of 1516.87. MERCADOLIBRE INC is in the E-Commerce/Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 34.4% more (average). Ticker symbol: MELI US

Details:

NameMERCADOLIBRE INC
ViewUp
Star (1 to 10)7.3
Target+10.7%
Time1 month
Hit Rate70%

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

-3.7% (August-2021), 13.9% (June-2021), 15.7% (March-2021), 14.7% (January-2021), 22% (October-2020), 19% (July-2020), -11.1% (January-2020), 6.5% (November-2019), -9.4% (September-2019), 7.5% (June-2019).

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