Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1123.2700 (-0.87%) ($1123.2700 - $1123.2700) on Thu. Feb. 10, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.06% (three month average) | RSI | 57 | Latest Price | $1123.2700(-0.87%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2.4% a day on average for past five trading days. | Weekly Trend | MELI advances 3% 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%) IWF(73%) IPO(72%) IVW(72%) QQQ(72%) | Factors Impacting MELI price | MELI will decline at least -2.03% in a week (0% probabilities). VIXM(-38%) UUP(-21%) VXX(-5%) TBT(-4%) USO(3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.03% (StdDev 4.06%) | Hourly BBV | 0.7 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1076.02(4.39%) | 10 Day Moving Average | $1077.88(4.21%) | 20 Day Moving Average | $1066.86(5.29%) | To recent high | -31.2% | To recent low | 14.6% | Market Cap | $55.838b | | | | 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. |