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Thu. Mar. 10, 2016 | Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $112.7779 (2.09%) ($109.0325 - $113.5230) on Thu. Mar. 10, 2016. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.76% (three month average) | RSI | 70 | Latest Price | $112.7779(2.09%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.3% a day on average for past five trading days. | Weekly Trend | MELI advances 4.9% a week on average for past two weeks. | Market Behavior | Normal for large cap. Broad based sell-off 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 -1.38% in a week (0% probabilities). VIXM(-15%) UUP(-11%) TLT(-5%) IPO(-3%) SHY(-2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.38% (StdDev 2.76%) | Hourly BBV | 0 () | Intraday Trend | 1.4% | | | |
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5 Day Moving Average | $109.88(2.64%) | 10 Day Moving Average | $106.54(5.85%) | 20 Day Moving Average | $102.11(10.45%) | To recent high | -4.1% | To recent low | 32.3% | Market Cap | $5.606b | | | | 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 6.15% (three month std-dev: 2.76%) daily (68% of days).
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