Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $287.6232 (-1.47%) ($287.2436 - $292.1386) on Thu. Sep. 14, 2017. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.73% (three month average) | RSI | 78 | Latest Price | $287.6232(-1.47%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2.1% a day on average for past five trading days. | Weekly Trend | MELI advances 8% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(67%) QQQ(64%) IWF(63%) IVW(62%) ARKK(61%) | Factors Impacting MELI price | MELI will decline at least -1.365% in a week (0% probabilities). VIXM(-13%) UUP(-11%) TLT(-5%) SHY(-2%) IGOV(2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.365% (StdDev 2.73%) | Hourly BBV | 0 () | Intraday Trend | -0.9% | | | |
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5 Day Moving Average | $282.94(1.66%) | 10 Day Moving Average | $270.57(6.3%) | 20 Day Moving Average | $256.73(12.03%) | To recent high | -1.5% | To recent low | 23.8% | Market Cap | $14.298b | | | | 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. |