Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1214.0400 (-6.78%) ($1195.0100 - $1292.7800) on Fri. Oct. 30, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.8% (three month average) | RSI | 53 | Latest Price | $1214.0400(-6.78%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.5% a day on average for past five trading days. | Weekly Trend | MELI advances 0.6% a week on average for past two weeks. | Market Behavior | Growth stock 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 -1.4% in a week (0% probabilities). VIXM(-37%) UUP(-22%) EDOC(-12%) VXX(-10%) TBT(-6%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.4% (StdDev 2.8%) | Hourly BBV | -1.6 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $1243.8 | 5 Day Moving Average | $1270.56(-4.45%) | 10 Day Moving Average | $1285.98(-5.59%) | 20 Day Moving Average | $1243.8(-2.39%) | To recent high | -9% | To recent low | 23.8% | Market Cap | $60.35b | | | | 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. |