Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1025.0700 (0.35%) ($1004.5600 - $1025.0700) on Wed. Apr. 27, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.1% (three month average) | RSI | 36 | Latest Price | $1025.0700(0.35%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.1% a day on average for past five trading days. | Weekly Trend | MELI declines -5.9% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(72%) IWF(71%) IPO(70%) IVW(70%) QQQ(70%) | Factors Impacting MELI price | MELI will decline at least -2.55% in a week (0% probabilities). VIXM(-33%) UUP(-21%) TBT(-4%) VXX(-2%) TLT(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.55% (StdDev 5.1%) | Hourly BBV | -0.4 () | Intraday Trend | 0% | | | |
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Resistance Level | $1115.54 | 5 Day Moving Average | $1016.07(0.89%) | 10 Day Moving Average | $1053.64(-2.71%) | 20 Day Moving Average | $1115.54(-8.11%) | To recent high | -18.9% | To recent low | 15.9% | Market Cap | $50.956b | | | | 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. |