Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1592.0300 (2.85%) ($1592.0300 - $1592.0300) on Thu. Jul. 22, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.05% (three month average) | RSI | 57 | Latest Price | $1592.0300(2.85%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.1% a day on average for past five trading days. | Market Behavior | Rotation from value to growth 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 -1.025% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-7%) TBT(-3%) IGOV(-1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.025% (StdDev 2.05%) | Hourly BBV | 1.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1539.04(3.44%) | 10 Day Moving Average | $1534.35(3.76%) | 20 Day Moving Average | $1541.82(3.26%) | To recent high | -1.8% | To recent low | 22.3% | Market Cap | $79.14b | | | | 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. |