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     Tue. Feb. 14, 2017

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

(MercadoLibre Inc)

MELI latest price $196.6120 (1%) ($192.2123 - $197.3204) on Tue. Feb. 14, 2017.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  1.76% (three month average)
RSI   92
Latest Price   $196.6120(1%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI advances 0.6% a day on average for past five trading days.
Weekly Trend  MELI advances 2.7% a week on average for past two weeks.
Market Behavior  Broad based rally for large cap. Value stock rally 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 -0.88% in a week (0% probabilities).
  VIXM(-13%)    UUP(-11%)    TLT(-5%)    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  -0.88% (StdDev 1.76%)
Hourly BBV   0 ()
Intraday Trend   1.3%
  
 

  


5 Day Moving Average  $193.75(1.48%)
10 Day Moving Average  $191.89(2.46%)
20 Day Moving Average  $186.48(5.43%)
To recent high  0%
To recent low  30.4%
Market Cap  $9.774b
 
 
 
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 3.58% (three month std-dev: 1.76%) daily (68% of days).

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