Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $315.3300 (6.32%) ($301.0100 - $317.9700) on Fri. Jan. 4, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.9% (three month average) | RSI | 43 | Latest Price | $315.3300(6.32%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.8% a day on average for past five trading days. | Weekly Trend | MELI declines -2.8% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(70%) IPO(69%) ONLN(68%) IWF(66%) QQQ(66%) | Factors Impacting MELI price | MELI will decline at least -1.95% in a week (0% probabilities). VXX(-13%) UUP(-13%) VIXM(-9%) TLT(-4%) DIA(-1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.95% (StdDev 3.9%) | Hourly BBV | 0 () | Intraday Trend | 4.5% | | | |
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5 Day Moving Average | $298.97(5.47%) | 10 Day Moving Average | $292.05(7.97%) | 20 Day Moving Average | $312.49(0.91%) | To recent high | -14.7% | To recent low | 22.4% | Market Cap | $15.675b | | | | 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. |