Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $551.3200 (1.64%) ($0.0000 - $0.0000) on Mon. Sep. 30, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.85% (three month average) | RSI | 52 | Latest Price | $551.3200(1.64%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.4% 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 | Broad based rally for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(72%) IPO(71%) ONLN(70%) IWF(68%) QQQ(68%) | Factors Impacting MELI price | MELI will decline at least -1.425% in a week (0% probabilities). VIXM(-39%) VXX(-16%) UUP(-12%) TLT(-3%) TBT(2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.425% (StdDev 2.85%) | Hourly BBV | 0 () | Intraday Trend | 0% | | | |
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Resistance Level | $559.43 | 5 Day Moving Average | $546.32(0.92%) | 10 Day Moving Average | $546.24(0.93%) | 20 Day Moving Average | $559.43(-1.45%) | To recent high | -20.1% | To recent low | 2.7% | Market Cap | $27.406b | | | | 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. |