Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $774.5600 (0.34%) ($774.5600 - $774.5600) on Mon. May. 23, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.76% (three month average) | RSI | 37 | Latest Price | $774.5600(0.34%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.3% a day on average for past five trading days. | Weekly Trend | MELI declines -7.5% a week on average for past two weeks. | Market Behavior | Broad based 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(70%) IWF(69%) IPO(68%) IVW(68%) QQQ(68%) | Factors Impacting MELI price | MELI will decline at least -2.88% in a week (0% probabilities). VIXM(-27%) UUP(-23%) TBT(-6%) VXX(-1%) UNG(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.88% (StdDev 5.76%) | Hourly BBV | -0.4 () | Intraday Trend | 0% | | | |
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Resistance Level | $862.65 | 5 Day Moving Average | $786.68(-1.54%) | 10 Day Moving Average | $769.98(0.59%) | 20 Day Moving Average | $862.65(-10.21%) | To recent high | -38.7% | To recent low | 14% | Market Cap | $38.503b | | | | 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. |