Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1316.0000 (6.69%) ($1275.0000 - $1321.1600) on Wed. Nov. 4, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.86% (three month average) | RSI | 58 | Latest Price | $1316.0000(6.69%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.7% a day on average for past five trading days. | Weekly Trend | MELI declines -1.3% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Rotation from value to growth 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(70%) | Factors Impacting MELI price | MELI will decline at least -1.43% 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 | -1.43% (StdDev 2.86%) | Hourly BBV | 1.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1256.22(4.76%) | 10 Day Moving Average | $1271.43(3.51%) | 20 Day Moving Average | $1263.46(4.16%) | To recent high | -1.3% | To recent low | 34.3% | Market Cap | $65.418b | | | | 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. |