Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1732.9800 (1.93%) ($1732.9800 - $1732.9800) on Tue. Dec. 22, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.19% (three month average) | RSI | 76 | Latest Price | $1732.9800(1.93%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.8% a day on average for past five trading days. | Weekly Trend | MELI advances 4.3% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Growth stock rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(72%) IPO(71%) IWF(70%) QQQ(70%) IVW(69%) | Factors Impacting MELI price | MELI will decline at least -1.595% in a week (0% probabilities). VIXM(-38%) UUP(-21%) VXX(-10%) EDOC(-8%) TBT(-5%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.595% (StdDev 3.19%) | Hourly BBV | 1.8 () | Intraday Trend | 0% | | | |
|
5 Day Moving Average | $1700.24(1.93%) | 10 Day Moving Average | $1655.61(4.67%) | 20 Day Moving Average | $1597.92(8.45%) | To recent high | 0% | To recent low | 69.8% | Market Cap | $86.146b | | | | 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. |