Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $990.3700 (0.9%) ($952.2200 - $1002.4700) on Fri. Jul. 24, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.27% (three month average) | RSI | 50 | Latest Price | $990.3700(0.9%) | 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 -0.2% 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(73%) IPO(72%) ONLN(71%) IWF(70%) QQQ(69%) | Factors Impacting MELI price | MELI will decline at least -1.635% 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 | -1.635% (StdDev 3.27%) | Hourly BBV | -0.5 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $993.05 | 5 Day Moving Average | $1006.99(-1.65%) | 10 Day Moving Average | $988.77(0.16%) | 20 Day Moving Average | $993.05(-0.27%) | To recent high | -4.3% | To recent low | 73.4% | Market Cap | $49.231b | | | | 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. |