Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1047.0700 (5.62%) ($1047.0700 - $1049.0000) on Fri. Jan. 28, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.78% (three month average) | RSI | 48 | Latest Price | $1047.0700(5.62%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.1% 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 | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(74%) IWF(73%) IPO(72%) IVW(72%) QQQ(72%) | Factors Impacting MELI price | MELI will decline at least -1.89% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-5%) TBT(-4%) USO(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.89% (StdDev 3.78%) | Hourly BBV | 1.1 () | Intraday Trend | 0% | | | |
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Resistance Level | $1111.51 | 5 Day Moving Average | $1009.08(3.76%) | 10 Day Moving Average | $1045.44(0.16%) | 20 Day Moving Average | $1111.51(-5.8%) | To recent high | -38.7% | To recent low | 6.9% | Market Cap | $52.05b | | | | 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. |