Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $312.3900 (0.5%) ($309.3000 - $330.8500) on Wed. Dec. 19, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.5% (three month average) | RSI | 39 | Latest Price | $312.3900(0.5%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -3% a day on average for past five trading days. | Weekly Trend | MELI declines -5.6% a week on average for past two weeks. | Market Behavior | Broad based 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(69%) IPO(69%) ONLN(68%) IWF(66%) QQQ(66%) | Factors Impacting MELI price | MELI will decline at least -1.75% in a week (0% probabilities). VXX(-13%) UUP(-12%) VIXM(-9%) TLT(-5%) DIA(0%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.75% (StdDev 3.5%) | Hourly BBV | 0 () | Intraday Trend | -0.1% | | | |
|
Resistance Level | $336.87 | 5 Day Moving Average | $318.75(-2%) | 10 Day Moving Average | $335.08(-6.77%) | 20 Day Moving Average | $336.87(-7.27%) | To recent high | -15.5% | To recent low | 8.7% | Market Cap | $15.529b | | | | 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. |