Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $155.2583 (-1.72%) ($155.0588 - $157.8523) on Wed. Dec. 28, 2016. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.14% (three month average) | RSI | 34 | Latest Price | $155.2583(-1.72%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.4% a day on average for past five trading days. | Weekly Trend | MELI declines -0.7% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(66%) QQQ(63%) IWF(62%) IVW(61%) SKYY(61%) | Factors Impacting MELI price | MELI will decline at least -1.07% in a week (0% probabilities). VIXM(-14%) UUP(-11%) TLT(-4%) IPO(-4%) SHY(-1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.07% (StdDev 2.14%) | Hourly BBV | 0 () | Intraday Trend | -1.6% | | | |
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Resistance Level | $156.05 | 5 Day Moving Average | $155.84(-0.37%) | 10 Day Moving Average | $155.46(-0.13%) | 20 Day Moving Average | $156.05(-0.51%) | To recent high | -17.9% | To recent low | 3% | Market Cap | $7.718b | | | | 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. |