Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $90.2281 (1.26%) ($88.8757 - $90.5637) on Wed. Jul. 9, 2014. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.25% (three month average) | RSI | 59 | Latest Price | $90.2281(1.26%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1% a day on average for past five trading days. | Weekly Trend | MELI advances 1.3% 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%) IWM(52%) | Factors Impacting MELI price | MELI will decline at least -1.125% in a week (0% probabilities). VIXM(-19%) UUP(-8%) TLT(-7%) SHY(-4%) IGOV(-0%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.125% (StdDev 2.25%) | Hourly BBV | 0 () | Intraday Trend | 0.9% | | | |
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Resistance Level | $90.23 | 5 Day Moving Average | $92.27(-2.21%) | 10 Day Moving Average | $92.11(-2.04%) | 20 Day Moving Average | $90.23(-0%) | To recent high | -4.8% | To recent low | 13.7% | Market Cap | $4.485b | | | | 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. |