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Thu. Aug. 9, 2018 | Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $384.3900 (11.6%) ($337.1900 - $394.9200) on Thu. Aug. 9, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.14% (three month average) | RSI | 52 | Latest Price | $384.3900(11.6%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2.6% a day on average for past five trading days. | Weekly Trend | MELI declines -1.1% a week on average for past two weeks. | Market Behavior | Value stocks sell-off 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%) ONLN(67%) QQQ(66%) IWF(65%) ARKK(63%) | Factors Impacting MELI price | MELI will decline at least -1.57% in a week (0% probabilities). VXX(-14%) VIXM(-11%) UUP(-11%) TLT(-5%) SHY(-0%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.57% (StdDev 3.14%) | Hourly BBV | 0 () | Intraday Trend | 13.8% | | | |
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5 Day Moving Average | $353.73(8.67%) | 10 Day Moving Average | $349.82(9.88%) | 20 Day Moving Average | $354.33(8.48%) | To recent high | 0% | To recent low | 34.7% | Market Cap | $19.108b | | | | 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 4.42% (three month std-dev: 3.14%) daily (68% of days).
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