Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $128.2592 (1.48%) ($127.0827 - $128.5953) on Fri. Dec. 26, 2014. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.89% (three month average) | RSI | 32 | Latest Price | $128.2592(1.48%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.3% a day on average for past five trading days. | Weekly Trend | MELI declines -3.6% 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%) XLK(55%) XLY(55%) VT(53%) | Factors Impacting MELI price | MELI will decline at least -1.445% in a week (0% probabilities). VIXM(-18%) UUP(-8%) TLT(-7%) SHY(-3%) IGOV(0%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.445% (StdDev 2.89%) | Hourly BBV | 0 () | Intraday Trend | 0.7% | | | |
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1 - 5 Day Possible Target | $120.41(-6.12%) | Resistance Level | $132.34 | 5 Day Moving Average | $126.55(1.35%) | 10 Day Moving Average | $127.73(0.41%) | 20 Day Moving Average | $132.34(-3.08%) | To recent high | -8% | To recent low | 24.4% | Market Cap | $6.376b | | | | 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. |