Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1453.0100 (-1.55%) ($1453.0100 - $1453.0100) on Tue. Mar. 23, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.58% (three month average) | RSI | 46 | Latest Price | $1453.0100(-1.55%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.3% a day on average for past five trading days. | Weekly Trend | MELI advances 0.2% 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(72%) IPO(71%) IWF(70%) IVW(69%) IWO(69%) | Factors Impacting MELI price | MELI will decline at least -1.79% in a week (0% probabilities). VIXM(-39%) UUP(-22%) VXX(-8%) IGOV(-6%) TBT(-4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.79% (StdDev 3.58%) | Hourly BBV | -1.1 () | Intraday Trend | 0% | | | |
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Resistance Level | $1528.94 | 5 Day Moving Average | $1470.34(-1.18%) | 10 Day Moving Average | $1502.19(-3.27%) | 20 Day Moving Average | $1528.94(-4.97%) | To recent high | -26.7% | To recent low | 5.9% | Market Cap | $72.229b | | | | 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. |