Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1550.0600 (-1.84%) ($1529.2300 - $1550.0600) on Tue. Mar. 16, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.53% (three month average) | RSI | 41 | Latest Price | $1550.0600(-1.84%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.3% a day on average for past five trading days. | Weekly Trend | MELI declines -3.6% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(73%) IPO(71%) IWF(70%) QQQ(70%) IVW(69%) | Factors Impacting MELI price | MELI will decline at least -1.765% in a week (0% probabilities). VIXM(-39%) UUP(-22%) VXX(-9%) IGOV(-5%) TBT(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.765% (StdDev 3.53%) | Hourly BBV | -0.3 () | Intraday Trend | 0% | | | |
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Resistance Level | $1619.75 | 5 Day Moving Average | $1537.23(0.83%) | 10 Day Moving Average | $1499.48(3.37%) | 20 Day Moving Average | $1619.75(-4.3%) | To recent high | -21.8% | To recent low | 13% | Market Cap | $77.053b | | | | 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. |