Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $494.1700 (0.95%) ($481.6010 - $494.8500) on Mon. Apr. 29, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.22% (three month average) | RSI | 43 | Latest Price | $494.1700(0.95%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.2% a day on average for past five trading days. | Weekly Trend | MELI declines -1.6% a week on average for past two weeks. | Market Behavior | Value stock 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(70%) ONLN(69%) IWF(67%) QQQ(67%) | Factors Impacting MELI price | MELI will decline at least -1.61% in a week (0% probabilities). VXX(-13%) UUP(-13%) VIXM(-7%) 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 | -1.61% (StdDev 3.22%) | Hourly BBV | 0 () | Intraday Trend | 0.9% | | | |
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Resistance Level | $501 | 5 Day Moving Average | $491.41(0.56%) | 10 Day Moving Average | $495.02(-0.17%) | 20 Day Moving Average | $501(-1.36%) | To recent high | -4.6% | To recent low | 42.1% | Market Cap | $24.565b | | | | 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. |