Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $995.3050 (-0.62%) ($995.3050 - $995.3050) on Tue. May. 3, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.92% (three month average) | RSI | 39 | Latest Price | $995.3050(-0.62%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.5% a day on average for past five trading days. | Weekly Trend | MELI declines -4.4% a week on average for past two weeks. | Market Behavior | Value stock rally for large cap. Value stock rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(72%) IVW(70%) IWF(70%) QQQ(70%) IPO(69%) | Factors Impacting MELI price | MELI will decline at least -2.46% in a week (0% probabilities). VIXM(-32%) UUP(-21%) TBT(-5%) VXX(-2%) UNG(4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.46% (StdDev 4.92%) | Hourly BBV | -0 () | Intraday Trend | 0% | | | |
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Resistance Level | $1072.22 | 5 Day Moving Average | $1006.69(-1.13%) | 10 Day Moving Average | $1015.92(-2.03%) | 20 Day Moving Average | $1072.22(-7.17%) | To recent high | -21.3% | To recent low | 12.5% | Market Cap | $49.477b | | | | 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. |