Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1122.1700 (1.4%) ($1085.1500 - $1150.8240) on Fri. Jul. 31, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.37% (three month average) | RSI | 70 | Latest Price | $1122.1700(1.4%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2.5% a day on average for past five trading days. | Weekly Trend | MELI advances 6% a week on average for past two weeks. | Market Behavior | Growth stock rally 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 -1.685% in a week (0% probabilities). VIXM(-36%) UUP(-22%) VXX(-10%) TBT(-6%) IYT(-6%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.685% (StdDev 3.37%) | Hourly BBV | 1.2 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1084.75(3.45%) | 10 Day Moving Average | $1048.16(7.06%) | 20 Day Moving Average | $1020.55(9.96%) | To recent high | 0% | To recent low | 85.2% | Market Cap | $55.783b | | | | 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. |