Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $860.8500 (-1.91%) ($860.8500 - $904.1000) on Tue. Aug. 30, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.02% (three month average) | RSI | 24 | Latest Price | $860.8500(-1.91%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.6% a day on average for past five trading days. | Weekly Trend | MELI declines -8.7% 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(62%) IWF(62%) QQQ(62%) IVW(61%) SPY(61%) | Factors Impacting MELI price | MELI will decline at least -2.51% in a week (0% probabilities). UUP(-18%) VIXM(-15%) EDOC(-9%) TBT(-7%) VXX(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.51% (StdDev 5.02%) | Hourly BBV | -1.2 () | Intraday Trend | 0% | | | |
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Resistance Level | $965 | 5 Day Moving Average | $886.72(-2.92%) | 10 Day Moving Average | $906.03(-4.99%) | 20 Day Moving Average | $965(-10.79%) | To recent high | -20.5% | To recent low | 40.3% | Market Cap | $42.793b | | | | 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. |