Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $629.1900 (-6.57%) ($629.1900 - $629.1900) on Tue. Feb. 25, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.62% (three month average) | RSI | 39 | Latest Price | $629.1900(-6.57%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -2.7% a day on average for past five trading days. | Weekly Trend | MELI advances 2.1% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(73%) IPO(72%) ONLN(71%) QQQ(69%) IWF(68%) | Factors Impacting MELI price | MELI will decline at least -1.31% in a week (0% probabilities). VIXM(-39%) VXX(-16%) UUP(-13%) TLT(-3%) IGOV(-1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.31% (StdDev 2.62%) | Hourly BBV | -1.8 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $689.39 | 5 Day Moving Average | $704.44(-10.68%) | 10 Day Moving Average | $705.28(-10.79%) | 20 Day Moving Average | $689.39(-8.73%) | To recent high | -15.3% | To recent low | 10.7% | Market Cap | $31.277b | | | | 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. |