Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1295.5000 (-0.65%) ($1293.5600 - $1356.2500) on Thu. Nov. 12, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.45% (three month average) | RSI | 50 | Latest Price | $1295.5000(-0.65%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -2.1% a day on average for past five trading days. | Weekly Trend | MELI advances 1.5% 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(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 | 0.2 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $1300.08 | 5 Day Moving Average | $1328.1(-2.45%) | 10 Day Moving Average | $1307.37(-0.91%) | 20 Day Moving Average | $1300.08(-0.35%) | To recent high | -12.6% | To recent low | 32.2% | Market Cap | $64.399b | | | | 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. |