Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $155.7771 (-1.5%) ($155.4579 - $158.5108) on Fri. Dec. 30, 2016. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.15% (three month average) | RSI | 46 | Latest Price | $155.7771(-1.5%) | Stocks Behave Similarly | Similar Stock List | Weekly Trend | MELI advances 0.1% a week on average for past two weeks. | Market Behavior | Growth stock 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 -1.075% in a week (0% probabilities). VIXM(-14%) UUP(-11%) TLT(-4%) IPO(-4%) SHY(-1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.075% (StdDev 2.15%) | Hourly BBV | 0 () | Intraday Trend | -1.7% | | | |
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Resistance Level | $156.32 | 5 Day Moving Average | $156.66(-0.56%) | 10 Day Moving Average | $155.34(0.28%) | 20 Day Moving Average | $156.32(-0.35%) | To recent high | -17.7% | To recent low | 3.3% | Market Cap | $7.744b | | | | 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. |