Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1082.8150 (-0.01%) ($1076.6500 - $1098.0000) on Wed. Sep. 30, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.82% (three month average) | RSI | 57 | Latest Price | $1082.8150(-0.01%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.2% a day on average for past five trading days. | Weekly Trend | MELI advances 2.3% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Normal 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 -1.41% in a week (0% probabilities). VIXM(-36%) UUP(-21%) EDOC(-11%) VXX(-10%) IGOV(-8%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.41% (StdDev 2.82%) | Hourly BBV | -0.1 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1071.4(1.07%) | 10 Day Moving Average | $1044.57(3.66%) | 20 Day Moving Average | $1050.46(3.08%) | To recent high | -11.6% | To recent low | 13.4% | Market Cap | $53.827b | | | | 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. |