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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% | | | |
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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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