Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $763.6600 (-2.86%) ($763.6600 - $807.3800) on Wed. Jun. 1, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.65% (three month average) | RSI | 61 | Latest Price | $763.6600(-2.86%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.7% a day on average for past five trading days. | Weekly Trend | MELI advances 0.6% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Growth stock sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(69%) IVW(68%) IWF(68%) QQQ(68%) IPO(67%) | Factors Impacting MELI price | MELI will decline at least -2.825% in a week (0% probabilities). VIXM(-25%) UUP(-22%) TBT(-8%) VXX(-1%) UNG(3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.825% (StdDev 5.65%) | Hourly BBV | -1 () | Intraday Trend | 0% | | | |
|
Resistance Level | $791.99 | 5 Day Moving Average | $773.45(-1.27%) | 10 Day Moving Average | $766.93(-0.43%) | 20 Day Moving Average | $791.99(-3.58%) | To recent high | -39.6% | To recent low | 12.4% | Market Cap | $37.962b | | | | 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. |