Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $852.7900 (-0.87%) ($850.6500 - $874.0000) on Wed. Jun. 3, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.18% (three month average) | RSI | 75 | Latest Price | $852.7900(-0.87%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.8% a day on average for past five trading days. | Weekly Trend | MELI advances 3.8% a week on average for past two weeks. | Market Behavior | Value stock rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(72%) IPO(71%) ONLN(70%) IWF(69%) QQQ(69%) | Factors Impacting MELI price | MELI will decline at least -2.59% in a week (0% probabilities). VIXM(-36%) UUP(-22%) VXX(-11%) TBT(-5%) IYT(-5%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.59% (StdDev 5.18%) | Hourly BBV | -0.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $847.11(0.67%) | 10 Day Moving Average | $838.29(1.73%) | 20 Day Moving Average | $809.12(5.4%) | To recent high | -0.9% | To recent low | 90.7% | Market Cap | $42.392b | | | | 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. |