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     Thu. Nov. 30, 2017

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

(MercadoLibre Inc)

MELI latest price $275.0107 (2.78%) ($270.2329 - $276.3501) on Thu. Nov. 30, 2017.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  3.05% (three month average)
RSI   58
Latest Price   $275.0107(2.78%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI advances 0.7% a day on average for past five trading days.
Weekly Trend  MELI advances 1.1% a week on average for past two weeks.
Market Behavior  Broad based rally for large cap. Growth stock rally for small cap.
Correlated ETFs  Broad market will support MELI advance at 0% a week (0% probability)
  IBUY(68%)    IWF(64%)    QQQ(64%)    ARKK(62%)    IVW(62%)  
Factors Impacting MELI price  MELI will decline at least -1.525% in a week (0% probabilities).
  VIXM(-13%)    UUP(-12%)    TLT(-5%)    SHY(-1%)    IGOV(3%)  
Explanation   The rally is not sustainable and not supported by the broad market.
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -1.525% (StdDev 3.05%)
Hourly BBV   0 ()
Intraday Trend   1.4%
  
 

  


5 Day Moving Average  $271.21(1.4%)
10 Day Moving Average  $268.96(2.25%)
20 Day Moving Average  $266.01(3.38%)
To recent high  -5.8%
To recent low  24.2%
Market Cap  $13.671b
 
 
 
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 2.9% (three month std-dev: 3.05%) daily (68% of days).

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