Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $377.4400 (-0.2%) ($374.0000 - $381.0100) on Wed. Aug. 29, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.16% (three month average) | RSI | 45 | Latest Price | $377.4400(-0.2%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.8% a day on average for past five trading days. | Weekly Trend | MELI advances 1.3% 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%) ONLN(68%) QQQ(66%) IWF(65%) IVW(64%) | Factors Impacting MELI price | MELI will decline at least -1.58% in a week (0% probabilities). VXX(-14%) UUP(-12%) VIXM(-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 | -1.58% (StdDev 3.16%) | Hourly BBV | 0 () | Intraday Trend | -0.5% | | | |
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5 Day Moving Average | $369.27(2.21%) | 10 Day Moving Average | $351.12(7.5%) | 20 Day Moving Average | $352.58(7.05%) | To recent high | -1.8% | To recent low | 32.3% | Market Cap | $18.763b | | | | 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. |