Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $98.7882 (-5.02%) ($97.0830 - $103.2795) on Fri. Sep. 18, 2015. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.38% (three month average) | RSI | 29 | Latest Price | $98.7882(-5.02%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.1% a day on average for past five trading days. | Weekly Trend | MELI declines -2.4% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(63%) IWF(62%) SKYY(61%) VUG(59%) IWO(58%) | Factors Impacting MELI price | MELI will decline at least -1.19% in a week (0% probabilities). VIXM(-17%) UUP(-9%) TLT(-6%) SHY(-3%) IGOV(1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.19% (StdDev 2.38%) | Hourly BBV | 0 () | Intraday Trend | -3.8% | | | |
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Resistance Level | $106.5 | 5 Day Moving Average | $104.72(-5.66%) | 10 Day Moving Average | $105.6(-6.45%) | 20 Day Moving Average | $106.5(-7.24%) | To recent high | -34% | To recent low | 0% | Market Cap | $4.911b | | | | 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. |