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     Tue. Mar. 17, 2015

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

(MercadoLibre Inc)

MELI latest price $126.3744 (0.45%) ($124.3054 - $126.7110) on Tue. Mar. 17, 2015.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  1.51% (three month average)
RSI   37
Latest Price   $126.3744(0.45%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI advances 0.6% a day on average for past five trading days.
Weekly Trend  MELI declines -2.1% a week on average for past two weeks.
Market Behavior  Value stocks sell-off 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 -0.755% in a week (0% probabilities).
  VIXM(-18%)    UUP(-7%)    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  -0.755% (StdDev 1.51%)
Hourly BBV   0 ()
Intraday Trend   0.5%
  
 

  


1 - 5 Day Possible Target  $121.92(-3.52%)
Resistance Level  $128.44
5 Day Moving Average  $125.69(0.54%)
10 Day Moving Average  $126.26(0.09%)
20 Day Moving Average  $128.44(-1.61%)
To recent high  -4.9%
To recent low  9.2%
Market Cap  $6.282b
 
 
 
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 2.27% (three month std-dev: 1.51%) daily (68% of days).

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