Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $318.7300 (-0.22%) ($315.9731 - $326.4500) on Tue. Sep. 11, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.23% (three month average) | RSI | 50 | Latest Price | $318.7300(-0.22%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.4% a day on average for past five trading days. | Weekly Trend | MELI declines -4.6% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(69%) ONLN(68%) IWF(66%) QQQ(66%) IVW(64%) | Factors Impacting MELI price | MELI will decline at least -1.615% in a week (0% probabilities). VXX(-14%) UUP(-12%) VIXM(-11%) TLT(-5%) SHY(-0%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.615% (StdDev 3.23%) | Hourly BBV | 0 () | Intraday Trend | 0.4% | | | |
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Resistance Level | $341.9 | 5 Day Moving Average | $322.68(-1.22%) | 10 Day Moving Average | $338.19(-5.75%) | 20 Day Moving Average | $341.9(-6.78%) | To recent high | -17.1% | To recent low | 11.7% | Market Cap | $15.844b | | | | 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. |