Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $887.7200 (-5.74%) ($887.7200 - $887.7200) on Tue. Feb. 22, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.33% (three month average) | RSI | 33 | Latest Price | $887.7200(-5.74%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -4.3% a day on average for past five trading days. | Weekly Trend | MELI declines -1.7% 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(73%) IWF(73%) IPO(72%) IVW(72%) QQQ(72%) | Factors Impacting MELI price | MELI will decline at least -2.165% in a week (0% probabilities). VIXM(-37%) UUP(-22%) VXX(-4%) TBT(-4%) EDOC(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.165% (StdDev 4.33%) | Hourly BBV | -1 () | Intraday Trend | 0% | | | |
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Resistance Level | $1055.66 | 5 Day Moving Average | $1030.9(-13.89%) | 10 Day Moving Average | $1063.71(-16.54%) | 20 Day Moving Average | $1055.66(-15.91%) | To recent high | -34.6% | To recent low | 0% | Market Cap | $44.129b | | | | 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. |