Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1644.4400 (1.97%) ($1644.4400 - $1644.4400) on Fri. Feb. 26, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.95% (three month average) | RSI | 25 | Latest Price | $1644.4400(1.97%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -3.1% a day on average for past five trading days. | Weekly Trend | MELI declines -5.6% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Rotation from value to growth 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 -1.475% in a week (0% probabilities). VIXM(-39%) UUP(-22%) VXX(-9%) TBT(-5%) IGOV(-4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.475% (StdDev 2.95%) | Hourly BBV | -0.8 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $1846.43 | 5 Day Moving Average | $1707.04(-3.67%) | 10 Day Moving Average | $1804.51(-8.87%) | 20 Day Moving Average | $1846.43(-10.94%) | To recent high | -17.1% | To recent low | 8.5% | Market Cap | $81.745b | | | | 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. |