Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1024.5500 (6.25%) ($975.0000 - $1029.9300) on Mon. Jul. 20, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.36% (three month average) | RSI | 60 | Latest Price | $1024.5500(6.25%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.8% a day on average for past five trading days. | Weekly Trend | MELI declines -0.6% a week on average for past two weeks. | Market Behavior | Rotation from value to growth for large cap. Value stock 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%) IWF(70%) QQQ(69%) | Factors Impacting MELI price | MELI will decline at least -1.68% in a week (0% probabilities). VIXM(-36%) UUP(-22%) VXX(-10%) IYT(-7%) TBT(-6%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.68% (StdDev 3.36%) | Hourly BBV | 1.9 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $977.3(4.83%) | 10 Day Moving Average | $993.75(3.1%) | 20 Day Moving Average | $987.03(3.8%) | To recent high | -1% | To recent low | 79.4% | Market Cap | $50.93b | | | | 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. |