Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $805.1100 (0.21%) ($790.1500 - $805.1100) on Tue. Sep. 27, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.21% (three month average) | RSI | 42 | Latest Price | $805.1100(0.21%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -2.4% a day on average for past five trading days. | Weekly Trend | MELI declines -6.3% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Growth stock rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IWF(61%) IBUY(60%) IVW(60%) QQQ(60%) SPY(59%) | Factors Impacting MELI price | MELI will decline at least -2.105% in a week (0% probabilities). UUP(-16%) VIXM(-11%) TBT(-8%) VXX(3%) UNG(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.105% (StdDev 4.21%) | Hourly BBV | -0.9 () | Intraday Trend | 0% | | | |
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Resistance Level | $892.83 | 5 Day Moving Average | $833.62(-3.42%) | 10 Day Moving Average | $881.7(-8.69%) | 20 Day Moving Average | $892.83(-9.82%) | To recent high | -25.7% | To recent low | 26.3% | Market Cap | $40.022b | | | | 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. |