Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1303.0900 (0.59%) ($1285.4600 - $1335.4600) on Fri. Nov. 13, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.42% (three month average) | RSI | 54 | Latest Price | $1303.0900(0.59%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -2.7% 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 | 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(70%) | Factors Impacting MELI price | MELI will decline at least -1.71% in a week (0% probabilities). VIXM(-37%) UUP(-22%) EDOC(-13%) VXX(-10%) TBT(-6%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.71% (StdDev 3.42%) | Hourly BBV | -0.5 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $1292.32(0.83%) | 10 Day Moving Average | $1315.14(-0.92%) | 20 Day Moving Average | $1301.5(0.12%) | To recent high | -12.1% | To recent low | 32.9% | Market Cap | $64.777b | | | | 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. |