Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1125.5900 (-5.36%) ($1090.0000 - $1270.0000) on Mon. Aug. 10, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.48% (three month average) | RSI | 65 | Latest Price | $1125.5900(-5.36%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.8% a day on average for past five trading days. | Weekly Trend | MELI advances 8% a week on average for past two weeks. | Market Behavior | Value stock rally for large cap. Value stock rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(73%) IPO(72%) IWF(70%) ONLN(70%) QQQ(69%) | Factors Impacting MELI price | MELI will decline at least -1.24% in a week (0% probabilities). VIXM(-36%) UUP(-22%) VXX(-10%) EDOC(-8%) IYT(-7%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.24% (StdDev 2.48%) | Hourly BBV | -1.2 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $1186.1(-5.1%) | 10 Day Moving Average | $1148.48(-1.99%) | 20 Day Moving Average | $1076.3(4.58%) | To recent high | -8% | To recent low | 47.7% | Market Cap | $55.953b | | | | 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. |