Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $589.8100 (4.96%) ($540.9000 - $595.8360) on Wed. Apr. 15, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.87% (three month average) | RSI | 68 | Latest Price | $589.8100(4.96%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2.4% a day on average for past five trading days. | Weekly Trend | MELI advances 8.1% 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(71%) IPO(70%) ONLN(69%) IWF(67%) QQQ(67%) | Factors Impacting MELI price | MELI will decline at least -2.435% in a week (0% probabilities). VIXM(-33%) UUP(-20%) VXX(-11%) TBT(-4%) IYT(-3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.435% (StdDev 4.87%) | Hourly BBV | 1.6 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $554.28(6.41%) | 10 Day Moving Average | $519.32(13.57%) | 20 Day Moving Average | $496.25(18.85%) | To recent high | -20.6% | To recent low | 31.9% | Market Cap | $29.319b | | | | 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. |