Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $771.9200 (-16.99%) ($764.3100 - $771.9200) on Mon. May. 9, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.44% (three month average) | RSI | 24 | Latest Price | $771.9200(-16.99%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -4.7% a day on average for past five trading days. | Weekly Trend | MELI declines -6.2% 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(72%) IWF(71%) IPO(70%) IVW(70%) QQQ(70%) | Factors Impacting MELI price | MELI will decline at least -2.72% in a week (0% probabilities). VIXM(-31%) UUP(-22%) TBT(-4%) VXX(-2%) TLT(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.72% (StdDev 5.44%) | Hourly BBV | -1.8 () | Intraday Trend | 0% | | | |
|
Resistance Level | $1017.65 | 5 Day Moving Average | $925.66(-16.61%) | 10 Day Moving Average | $965.04(-20.01%) | 20 Day Moving Average | $1017.65(-24.15%) | To recent high | -39% | To recent low | 0% | Market Cap | $38.372b | | | | 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. |