Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1213.9500 (5.21%) ($1213.9500 - $1213.9500) on Tue. Mar. 22, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.28% (three month average) | RSI | 53 | Latest Price | $1213.9500(5.21%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 4.8% a day on average for past five trading days. | Weekly Trend | MELI advances 7.3% 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(73%) IWF(72%) IPO(71%) IVW(71%) QQQ(71%) | Factors Impacting MELI price | MELI will decline at least -2.64% in a week (0% probabilities). VIXM(-35%) UUP(-22%) 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 | -2.64% (StdDev 5.28%) | Hourly BBV | 1.5 () | Intraday Trend | 0% | | | |
|
5 Day Moving Average | $1154.32(5.17%) | 10 Day Moving Average | $1048.55(15.77%) | 20 Day Moving Average | $1046.19(16.04%) | To recent high | -10.5% | To recent low | 37.3% | Market Cap | $60.345b | | | | 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. |