Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1969.4800 (1.5%) ($1969.4800 - $1970.3400) on Fri. Jan. 22, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.31% (three month average) | RSI | 72 | Latest Price | $1969.4800(1.5%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.3% a day on average for past five trading days. | Weekly Trend | MELI advances 9% a week on average for past two weeks. | Market Behavior | Value stocks sell-off 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%) QQQ(70%) IVW(69%) | Factors Impacting MELI price | MELI will decline at least -1.655% in a week (0% probabilities). VIXM(-39%) UUP(-22%) VXX(-10%) TBT(-4%) IGOV(3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.655% (StdDev 3.31%) | Hourly BBV | 0.6 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $1931.86(1.95%) | 10 Day Moving Average | $1863.85(5.67%) | 20 Day Moving Average | $1763.06(11.71%) | To recent high | -0.7% | To recent low | 62.2% | Market Cap | $97.903b | | | | 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. |