Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $981.5700 (-3.73%) ($976.8200 - $1034.2250) on Thu. Jul. 23, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.3% (three month average) | RSI | 51 | Latest Price | $981.5700(-3.73%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.5% a day on average for past five trading days. | Weekly Trend | MELI declines -0.1% a week on average for past two weeks. | Market Behavior | Growth stock sell-off for large cap. Normal 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 -1.65% 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 | -1.65% (StdDev 3.3%) | Hourly BBV | 0.6 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $992.25 | 5 Day Moving Average | $1001.77(-2.02%) | 10 Day Moving Average | $992.7(-1.12%) | 20 Day Moving Average | $992.25(-1.08%) | To recent high | -5.1% | To recent low | 71.9% | Market Cap | $48.794b | | | | 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. |