MELI Trade Propels Robot Factory to 4.95% Gain
Swing Trader's AI trading robot has been making waves in the stock market lately, particularly in the realm of medium volatility stocks. In fact, the robot was a top performer in Tickeron's robot factory over a week, generating a notable 4.95% for MELI. This impressive performance is due in large part to the use of technical and fundamental analysis by the robot.
One of the key technical indicators that the AI trading robot utilizes is the Aroon Indicator, which recently triggered a bullish signal for MELI. Specifically, on April 27, 2023, Tickeron's A.I.dvisor detected that the AroonUp green line was above 70, while the AroonDown red line was below 30. This pattern typically signals that a stock could be poised for a bullish move.
Traders who followed the A.I.dvisor's recommendation may have bought the stock or looked to buy call options. To support this strategy, A.I.dvisor examined 293 similar instances where the Aroon Indicator showed a similar pattern. The results were impressive, with the stock moving higher in 257 of the 293 cases. This puts the odds of a move higher at a promising 88%.
The most recent earnings report for MELI, released on May 03, showed strong results, with earnings per share of $3.97 beating the estimate of $2.81. This is a positive development for the company and its shareholders. With 274.29K shares outstanding, the current market capitalization sits at $65.10B.
Swing Trader's AI trading robot has been a top performer in Tickeron's robot factory, generating impressive returns for medium volatility stocks such as MELI. By utilizing technical and fundamental analysis, the robot has been able to identify promising trading opportunities, such as the recent bullish signal triggered by MELI's Aroon Indicator. With strong earnings results beating estimates, it appears that the company is on a positive trajectory.
MELI's Stochastic Oscillator stays in oversold zone for 7 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MELI advanced for three days, in of 363 cases, the price rose further within the following month. The odds of a continued upward trend are .
MELI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 276 cases where MELI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for MELI moved out of overbought territory on February 25, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on March 06, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MELI as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MELI turned negative on February 28, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MELI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MELI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: MELI's P/B Ratio (23.202) is very high in comparison to the industry average of (4.370). P/E Ratio (52.791) is within average values for comparable stocks, (49.891). Projected Growth (PEG Ratio) (1.494) is also within normal values, averaging (1.135). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (4.854) is also within normal values, averaging (5.186).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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General Information
a providesr of internet trading services
Industry InternetRetail