Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1179.5200 (2.73%) ($1179.5200 - $1192.7100) on Fri. Mar. 18, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.21% (three month average) | RSI | 52 | Latest Price | $1179.5200(2.73%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 5.8% a day on average for past five trading days. | Weekly Trend | MELI declines -2% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(74%) IPO(72%) IVW(72%) IWF(72%) QQQ(72%) | Factors Impacting MELI price | MELI will decline at least -2.605% in a week (0% probabilities). VIXM(-36%) UUP(-23%) TBT(-6%) VXX(-3%) UNG(3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.605% (StdDev 5.21%) | Hourly BBV | 1.2 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1048.06(12.54%) | 10 Day Moving Average | $996.86(18.32%) | 20 Day Moving Average | $1018.85(15.77%) | To recent high | -13% | To recent low | 33.4% | Market Cap | $58.634b | | | | 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. |