Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $498.3800 (-0.62%) ($486.6900 - $503.4600) on Wed. Apr. 17, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.33% (three month average) | RSI | 53 | Latest Price | $498.3800(-0.62%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.6% a day on average for past five trading days. | Weekly Trend | MELI declines -0.4% a week on average for past two weeks. | Market Behavior | Growth stock 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 -1.665% in a week (0% probabilities). VXX(-13%) UUP(-13%) VIXM(-7%) TLT(-4%) IFRA(1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.665% (StdDev 3.33%) | Hourly BBV | 0 () | Intraday Trend | -0.2% | | | |
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Resistance Level | $503.51 | 5 Day Moving Average | $504.56(-1.22%) | 10 Day Moving Average | $505.3(-1.37%) | 20 Day Moving Average | $503.51(-1.02%) | To recent high | -3.7% | To recent low | 51.5% | Market Cap | $24.774b | | | | 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. |