Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $358.8600 (-3.62%) ($357.0900 - $371.9500) on Mon. Aug. 13, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.17% (three month average) | RSI | 53 | Latest Price | $358.8600(-3.62%) | 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 1.1% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Broad based sell-off 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 -1.585% 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 | -1.585% (StdDev 3.17%) | Hourly BBV | 0 () | Intraday Trend | -3.5% | | | |
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5 Day Moving Average | $361.49(-0.73%) | 10 Day Moving Average | $353.42(1.54%) | 20 Day Moving Average | $357.22(0.46%) | To recent high | -6.6% | To recent low | 25.8% | Market Cap | $17.839b | | | | 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. |