Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $316.9000 (-0.57%) ($310.7935 - $321.4200) on Wed. Sep. 12, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.22% (three month average) | RSI | 40 | Latest Price | $316.9000(-0.57%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.7% a day on average for past five trading days. | Weekly Trend | MELI declines -6.1% a week on average for past two weeks. | Market Behavior | Normal for large cap. Growth stock sell-off 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 -1.61% in a week (0% probabilities). VXX(-14%) UUP(-12%) VIXM(-11%) TLT(-5%) SHY(-0%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.61% (StdDev 3.22%) | Hourly BBV | 0 () | Intraday Trend | -0.3% | | | |
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Resistance Level | $339.56 | 5 Day Moving Average | $320.46(-1.11%) | 10 Day Moving Average | $332.31(-4.64%) | 20 Day Moving Average | $339.56(-6.67%) | To recent high | -17.6% | To recent low | 11.1% | Market Cap | $15.753b | | | | 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. |