Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1273.3600 (-0.68%) ($1237.4600 - $1285.9900) on Wed. Oct. 28, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.7% (three month average) | RSI | 70 | Latest Price | $1273.3600(-0.68%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.4% a day on average for past five trading days. | Weekly Trend | MELI advances 2.7% 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 -1.35% in a week (0% probabilities). VIXM(-37%) UUP(-22%) EDOC(-12%) VXX(-10%) TBT(-6%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.35% (StdDev 2.7%) | Hourly BBV | 0.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1288.51(-1.18%) | 10 Day Moving Average | $1288.52(-1.18%) | 20 Day Moving Average | $1228.85(3.62%) | To recent high | -4.5% | To recent low | 29.9% | Market Cap | $63.299b | | | | 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. |