Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1914.0400 (1.24%) ($1914.0400 - $1956.4600) on Fri. Feb. 19, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.73% (three month average) | RSI | 70 | Latest Price | $1914.0400(1.24%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.3% a day on average for past five trading days. | Weekly Trend | MELI advances 1.2% a week on average for past two weeks. | Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(73%) IPO(72%) IWF(71%) ONLN(70%) QQQ(70%) | Factors Impacting MELI price | MELI will decline at least -1.365% in a week (0% probabilities). VIXM(-39%) UUP(-22%) VXX(-9%) TBT(-5%) IGOV(-4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.365% (StdDev 2.73%) | Hourly BBV | 0.5 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $1915.93(-0.1%) | 10 Day Moving Average | $1912.4(0.09%) | 20 Day Moving Average | $1886.15(1.48%) | To recent high | -3.5% | To recent low | 39.8% | Market Cap | $95.147b | | | | 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. |