Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $89.3804 (-1.9%) ($87.9928 - $92.7551) on Mon. Sep. 28, 2015. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.37% (three month average) | RSI | 15 | Latest Price | $89.3804(-1.9%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.8% a day on average for past five trading days. | Weekly Trend | MELI declines -7.2% 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 -1.185% in a week (0% probabilities). VIXM(-17%) UUP(-9%) TLT(-6%) SHY(-3%) IGOV(1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.185% (StdDev 2.37%) | Hourly BBV | 0 () | Intraday Trend | -0.9% | | | |
|
1 - 5 Day Possible Target | $82.49(-7.71%) | Resistance Level | $102.13 | 5 Day Moving Average | $91.74(-2.57%) | 10 Day Moving Average | $97.09(-7.94%) | 20 Day Moving Average | $102.13(-12.48%) | To recent high | -36.4% | To recent low | 0% | Market Cap | $4.443b | | | | 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. |