Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1281.0100 (-2.43%) ($1255.2100 - $1327.3900) on Mon. Oct. 26, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.87% (three month average) | RSI | 77 | Latest Price | $1281.0100(-2.43%) | Stocks Behave Similarly | Similar Stock List | Weekly Trend | MELI advances 5.6% 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 -1.435% in a week (0% probabilities). VIXM(-37%) UUP(-22%) EDOC(-12%) VXX(-10%) TBT(-6%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.435% (StdDev 2.87%) | Hourly BBV | -1 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $1303.39(-1.72%) | 10 Day Moving Average | $1284.58(-0.28%) | 20 Day Moving Average | $1210.12(5.86%) | To recent high | -3.9% | To recent low | 30.7% | Market Cap | $63.679b | | | | 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. |