Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1302.3000 (2.27%) ($1267.9290 - $1314.7700) on Thu. Oct. 29, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.66% (three month average) | RSI | 67 | Latest Price | $1302.3000(2.27%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.1% a day on average for past five trading days. | Weekly Trend | MELI advances 2% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally 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 -1.33% in a week (0% probabilities). VIXM(-37%) UUP(-22%) EDOC(-12%) VXX(-10%) TBT(-6%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.33% (StdDev 2.66%) | Hourly BBV | 2.7 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $1290.32(0.93%) | 10 Day Moving Average | $1292.81(0.73%) | 20 Day Moving Average | $1238.01(5.19%) | To recent high | -2.3% | To recent low | 32.9% | Market Cap | $64.737b | | | | 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. |