Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1105.0000 (-7.12%) ($1104.0700 - $1219.8900) on Wed. Dec. 1, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.68% (three month average) | RSI | 9 | Latest Price | $1105.0000(-7.12%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -2.9% a day on average for past five trading days. | Weekly Trend | MELI declines -12.8% a week on average for past two weeks. | Market Behavior | Broad based 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(74%) IPO(73%) IWF(72%) QQQ(72%) IVW(71%) | Factors Impacting MELI price | MELI will decline at least -1.34% in a week (0% probabilities). VIXM(-40%) UUP(-21%) VXX(-7%) TBT(-3%) IGOV(1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.34% (StdDev 2.68%) | Hourly BBV | -2 () | Intraday Trend | 0% | | | |
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Resistance Level | $1440.48 | 5 Day Moving Average | $1211.25(-8.77%) | 10 Day Moving Average | $1292.41(-14.5%) | 20 Day Moving Average | $1440.48(-23.29%) | To recent high | -43.4% | To recent low | 0% | Market Cap | $54.93b | | | | 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. |