Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $497.7100 (-1.25%) ($489.3700 - $503.5600) on Fri. Mar. 22, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.85% (three month average) | RSI | 63 | Latest Price | $497.7100(-1.25%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.3% a day on average for past five trading days. | Weekly Trend | MELI advances 3.5% 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(70%) IPO(70%) ONLN(68%) IWF(67%) QQQ(67%) | Factors Impacting MELI price | MELI will decline at least -1.925% in a week (0% probabilities). VXX(-13%) UUP(-13%) VIXM(-8%) TLT(-4%) IFRA(1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.925% (StdDev 3.85%) | Hourly BBV | 0 () | Intraday Trend | -0.3% | | | |
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5 Day Moving Average | $493.37(0.88%) | 10 Day Moving Average | $492.49(1.06%) | 20 Day Moving Average | $467.8(6.39%) | To recent high | -2% | To recent low | 93.3% | Market Cap | $24.741b | | | | 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. |