Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1035.2300 (-0.23%) ($1032.8350 - $1035.2300) on Mon. Feb. 7, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.02% (three month average) | RSI | 44 | Latest Price | $1035.2300(-0.23%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.8% a day on average for past five trading days. | Weekly Trend | MELI declines -0.3% a week on average for past two weeks. | Market Behavior | Growth stock sell-off for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(74%) IPO(73%) IWF(73%) IVW(72%) IWO(72%) | Factors Impacting MELI price | MELI will decline at least -2.01% in a week (0% probabilities). VIXM(-38%) UUP(-22%) VXX(-5%) TBT(-4%) USO(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.01% (StdDev 4.02%) | Hourly BBV | 0.8 () | Intraday Trend | 0% | | | |
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Resistance Level | $1071.4 | 5 Day Moving Average | $1058.13(-2.16%) | 10 Day Moving Average | $1045.1(-0.94%) | 20 Day Moving Average | $1071.4(-3.38%) | To recent high | -39.4% | To recent low | 5.7% | Market Cap | $51.461b | | | | 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. |