Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $625.0900 (2.98%) ($625.0900 - $625.0900) on Tue. Jan. 7, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.12% (three month average) | RSI | 69 | Latest Price | $625.0900(2.98%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.4% a day on average for past five trading days. | Weekly Trend | MELI advances 1.7% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Value stock sell-off 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 -1.06% 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 | -1.06% (StdDev 2.12%) | Hourly BBV | 1.8 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $604.8(3.35%) | 10 Day Moving Average | $599.64(4.24%) | 20 Day Moving Average | $591.29(5.72%) | To recent high | 0% | To recent low | 29.5% | Market Cap | $31.073b | | | | 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. |