Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $606.0200 (3.8%) ($570.0100 - $609.8100) on Fri. May. 1, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.98% (three month average) | RSI | 65 | Latest Price | $606.0200(3.8%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.2% a day on average for past five trading days. | Weekly Trend | MELI advances 1.2% 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 -2.49% in a week (0% probabilities). VIXM(-34%) UUP(-20%) VXX(-11%) IYT(-5%) TBT(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.49% (StdDev 4.98%) | Hourly BBV | 1.5 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $595.24(1.81%) | 10 Day Moving Average | $591.47(2.46%) | 20 Day Moving Average | $570.83(6.16%) | To recent high | -18.4% | To recent low | 35.5% | Market Cap | $30.125b | | | | 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. |