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     Thu. Jul. 16, 2015

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

(MercadoLibre Inc)

MELI latest price $134.8473 (0.3%) ($133.7766 - $136.3048) on Thu. Jul. 16, 2015.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  1.63% (three month average)
RSI   25
Latest Price   $134.8473(0.3%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI advances 0.4% a day on average for past five trading days.
Weekly Trend  MELI declines -2.9% a week on average for past two weeks.
Market Behavior  Value stock rally for large cap. Normal for small cap.
Correlated ETFs  Broad market will support MELI advance at 0% a week (0% probability)
  QQQ(63%)    SPY(56%)    XLY(56%)    XLK(55%)    VT(53%)  
Factors Impacting MELI price  MELI will decline at least -0.815% in a week (0% probabilities).
  VIXM(-18%)    UUP(-8%)    TLT(-6%)    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  -0.815% (StdDev 1.63%)
Hourly BBV   0 ()
Intraday Trend   -0.6%
  
 

  


Resistance Level  $139.04
5 Day Moving Average  $134.4(0.33%)
10 Day Moving Average  $133.93(0.68%)
20 Day Moving Average  $139.04(-3.02%)
To recent high  -10.6%
To recent low  4.7%
Market Cap  $6.703b
 
 
 
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 4.39% (three month std-dev: 1.63%) daily (68% of days).

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