Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1089.6800 (-9.03%) ($1067.9200 - $1177.3800) on Thu. Sep. 3, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.74% (three month average) | RSI | 43 | Latest Price | $1089.6800(-9.03%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.9% a day on average for past five trading days. | Weekly Trend | MELI declines -1.4% 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(72%) IPO(72%) IWF(70%) ONLN(70%) QQQ(69%) | Factors Impacting MELI price | MELI will decline at least -1.37% in a week (0% probabilities). VIXM(-36%) UUP(-21%) VXX(-10%) EDOC(-9%) TBT(-6%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.37% (StdDev 2.74%) | Hourly BBV | -2 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $1179.31 | 5 Day Moving Average | $1168.53(-6.75%) | 10 Day Moving Average | $1188.54(-8.32%) | 20 Day Moving Average | $1179.31(-7.6%) | To recent high | -11.1% | To recent low | 29.7% | Market Cap | $54.168b | | | | 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. |