Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $793.8300 (9.9%) ($793.8300 - $793.8300) on Fri. May. 13, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.75% (three month average) | RSI | 33 | Latest Price | $793.8300(9.9%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -3.5% a day on average for past five trading days. | Weekly Trend | MELI declines -14.1% 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(72%) IPO(70%) IVW(70%) IWF(70%) QQQ(70%) | Factors Impacting MELI price | MELI will decline at least -2.875% in a week (0% probabilities). VIXM(-32%) UUP(-22%) TBT(-4%) VXX(-2%) UNG(4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.875% (StdDev 5.75%) | Hourly BBV | 1.3 () | Intraday Trend | 0% | | | |
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Resistance Level | $941.42 | 5 Day Moving Average | $747.9(6.14%) | 10 Day Moving Average | $853.08(-6.95%) | 20 Day Moving Average | $941.42(-15.68%) | To recent high | -37.2% | To recent low | 16.8% | Market Cap | $39.461b | | | | 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. |