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Wed. Apr. 11, 2018 | Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $328.7000 (-5.5%) ($328.3800 - $348.2100) on Wed. Apr. 11, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.58% (three month average) | RSI | 37 | Latest Price | $328.7000(-5.5%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.5% a day on average for past five trading days. | Weekly Trend | MELI declines -1.4% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(68%) QQQ(65%) IWF(64%) IVW(63%) SKYY(63%) | Factors Impacting MELI price | MELI will decline at least -1.29% in a week (0% probabilities). VIXM(-12%) UUP(-11%) TLT(-5%) IFRA(-4%) SHY(-1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.29% (StdDev 2.58%) | Hourly BBV | 0 () | Intraday Trend | -5.6% | | | |
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Resistance Level | $355.18 | 5 Day Moving Average | $342.74(-4.1%) | 10 Day Moving Average | $345.47(-4.85%) | 20 Day Moving Average | $355.18(-7.46%) | To recent high | -20.6% | To recent low | 0% | Market Cap | $16.34b | | | | 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 4.85% (three month std-dev: 2.58%) daily (68% of days).
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