Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1304.0300 (6.36%) ($1267.5200 - $1339.1000) on Wed. Nov. 11, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.45% (three month average) | RSI | 52 | Latest Price | $1304.0300(6.36%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.2% a day on average for past five trading days. | Weekly Trend | MELI advances 2.9% 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 -1.725% in a week (0% probabilities). VIXM(-37%) UUP(-22%) EDOC(-13%) VXX(-10%) TBT(-6%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.725% (StdDev 3.45%) | Hourly BBV | -0.1 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $1356.78(-3.89%) | 10 Day Moving Average | $1308.21(-0.32%) | 20 Day Moving Average | $1298.4(0.43%) | To recent high | -12% | To recent low | 33% | Market Cap | $64.823b | | | | 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. |