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     Thu. Jun. 19, 2014

Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)

(MercadoLibre Inc)

MELI latest price $89.3418 (2.05%) ($86.9080 - $90.0020) on Thu. Jun. 19, 2014.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  2.51% (three month average)
RSI   70
Latest Price   $89.3418(2.05%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI advances 0.8% a day on average for past five trading days.
Weekly Trend  MELI advances 1.8% a week on average for past two weeks.
Market Behavior  Normal for large cap. Normal for small cap.
Correlated ETFs  Broad market will support MELI advance at 0% a week (0% probability)
  QQQ(62%)    SPY(55%)    XLY(55%)    XLK(54%)    VT(52%)  
Factors Impacting MELI price  MELI will decline at least -1.255% in a week (0% probabilities).
  VIXM(-19%)    UUP(-8%)    TLT(-8%)    SHY(-4%)    IGOV(-0%)  
Explanation   The rally is not sustainable and not supported by the broad market.
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -1.255% (StdDev 2.51%)
Hourly BBV   0 ()
Intraday Trend   2.8%
  
 

  


5 Day Moving Average  $87.26(2.39%)
10 Day Moving Average  $87.18(2.48%)
20 Day Moving Average  $85.5(4.49%)
To recent high  -5.8%
To recent low  12.6%
Market Cap  $4.441b
 
 
 
MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina.

$. MELI price fluctuates within 2.61% (three month std-dev: 2.51%) daily (68% of days).

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