Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $593.8800 (0.22%) ($593.8800 - $593.8800) on Mon. Dec. 23, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.95% (three month average) | RSI | 65 | Latest Price | $593.8800(0.22%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.4% a day on average for past five trading days. | Weekly Trend | MELI advances 0.7% a week on average for past two weeks. | Market Behavior | Normal for large cap. Growth stock rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(72%) IPO(71%) ONLN(70%) QQQ(69%) IWF(68%) | Factors Impacting MELI price | MELI will decline at least -0.975% in a week (0% probabilities). VIXM(-40%) 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 | -0.975% (StdDev 1.95%) | Hourly BBV | 1 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $587.16(1.14%) | 10 Day Moving Average | $583.4(1.8%) | 20 Day Moving Average | $582.41(1.97%) | To recent high | 0% | To recent low | 23% | Market Cap | $29.522b | | | | 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. |