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     Mon. Dec. 21, 2015

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

(MercadoLibre Inc)

MELI latest price $111.8918 (1.05%) ($110.2342 - $112.4863) on Mon. Dec. 21, 2015.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  2.3% (three month average)
RSI   28
Latest Price   $111.8918(1.05%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI declines -0.5% a day on average for past five trading days.
Weekly Trend  MELI declines -3.2% a week on average for past two weeks.
Market Behavior  Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs  Broad market will support MELI advance at 0% a week (0% probability)
  QQQ(63%)    IWF(62%)    IVW(61%)    SKYY(61%)    ARKK(59%)  
Factors Impacting MELI price  MELI will decline at least -1.15% in a week (0% probabilities).
  VIXM(-16%)    UUP(-10%)    LIT(-6%)    TLT(-5%)    SHY(-3%)  
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -1.15% (StdDev 2.3%)
Hourly BBV   0 ()
Intraday Trend   0.1%
  
 

  


1 - 5 Day Possible Target  $107.95(-3.52%)
Resistance Level  $118.57
5 Day Moving Average  $113.87(-1.74%)
10 Day Moving Average  $114.81(-2.54%)
20 Day Moving Average  $118.57(-5.63%)
To recent high  -10.7%
To recent low  30%
Market Cap  $5.562b
 
 
 
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 3.81% (three month std-dev: 2.3%) daily (68% of days).

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