Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $626.1900 (-2.61%) ($626.1900 - $626.1900) on Tue. Mar. 3, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.79% (three month average) | RSI | 49 | Latest Price | $626.1900(-2.61%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.1% a day on average for past five trading days. | Weekly Trend | MELI declines -6.3% 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 -1.395% in a week (0% probabilities). VIXM(-39%) VXX(-16%) UUP(-13%) TLT(-3%) IGOV(-1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.395% (StdDev 2.79%) | Hourly BBV | 0 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $675.58 | 5 Day Moving Average | $623.62(0.41%) | 10 Day Moving Average | $661.23(-5.3%) | 20 Day Moving Average | $675.58(-7.31%) | To recent high | -15.7% | To recent low | 10.2% | Market Cap | $31.128b | | | | 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. |