Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $117.8075 (1.94%) ($113.9762 - $117.9961) on Sat. Nov. 7, 2015. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.67% (three month average) | RSI | 81 | Latest Price | $117.8075(1.94%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 3.9% a day on average for past five trading days. | Weekly Trend | MELI advances 6.9% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) (0%) (0%) (0%) (0%) (0%) | Factors Impacting MELI price | MELI will decline at least -1.335% in a week (0% probabilities). (0%) (0%) (0%) (0%) (0%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.335% (StdDev 2.67%) | Hourly BBV | 0 () | Intraday Trend | 1.9% | | | |
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5 Day Moving Average | $108.85(8.23%) | 10 Day Moving Average | $103.25(14.1%) | 20 Day Moving Average | $98.99(19.01%) | To recent high | -3.9% | To recent low | 36.9% | Market Cap | $N/A | | | | 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. |