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     Wed. Nov. 16, 2016

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

(MercadoLibre Inc)

MELI latest price $156.4272 (0.79%) ($152.4502 - $158.3209) on Wed. Nov. 16, 2016.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  2.09% (three month average)
RSI   35
Latest Price   $156.4272(0.79%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI declines -2% a day on average for past five trading days.
Weekly Trend  MELI declines -3.6% a week on average for past two weeks.
Market Behavior  Rotation from value to growth for large cap. Normal for small cap.
Correlated ETFs  Broad market will support MELI advance at 0% a week (0% probability)
  IBUY(65%)    QQQ(63%)    IWF(62%)    IVW(61%)    SKYY(61%)  
Factors Impacting MELI price  MELI will decline at least -1.045% in a week (0% probabilities).
  VIXM(-14%)    UUP(-11%)    TLT(-4%)    SHY(-1%)    TBT(3%)  
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -1.045% (StdDev 2.09%)
Hourly BBV   0 ()
Intraday Trend   2%
  
 

  


Resistance Level  $165.96
5 Day Moving Average  $156.47(-0.03%)
10 Day Moving Average  $162.58(-3.78%)
20 Day Moving Average  $165.96(-5.74%)
To recent high  -17.9%
To recent low  2.2%
Market Cap  $7.776b
 
 
 
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 3.71% (three month std-dev: 2.09%) daily (68% of days).

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