Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $486.2000 (-2.76%) ($475.1380 - $504.9450) on Wed. Apr. 24, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.25% (three month average) | RSI | 38 | Latest Price | $486.2000(-2.76%) | 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 -1.2% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Normal 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 -1.625% in a week (0% probabilities). VXX(-13%) UUP(-13%) VIXM(-7%) TLT(-4%) IDRV(-2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.625% (StdDev 3.25%) | Hourly BBV | 0 () | Intraday Trend | -3.4% | | | |
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Resistance Level | $502.25 | 5 Day Moving Average | $493.49(-1.48%) | 10 Day Moving Average | $500.14(-2.79%) | 20 Day Moving Average | $502.25(-3.2%) | To recent high | -6.1% | To recent low | 43.4% | Market Cap | $24.169b | | | | 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. |