Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $829.8600 (-4.28%) ($829.8600 - $850.9300) on Thu. Sep. 29, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.24% (three month average) | RSI | 33 | Latest Price | $829.8600(-4.28%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.5% a day on average for past five trading days. | Weekly Trend | MELI declines -7.7% 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) IWF(61%) IBUY(60%) IVW(60%) QQQ(60%) SPY(59%) | Factors Impacting MELI price | MELI will decline at least -2.12% in a week (0% probabilities). UUP(-16%) VIXM(-11%) TBT(-8%) VXX(3%) UNG(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.12% (StdDev 4.24%) | Hourly BBV | -0 () | Intraday Trend | 0% | | | |
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Resistance Level | $890.96 | 5 Day Moving Average | $824.91(0.6%) | 10 Day Moving Average | $860.08(-3.51%) | 20 Day Moving Average | $890.96(-6.86%) | To recent high | -23.4% | To recent low | 30.2% | Market Cap | $41.252b | | | | 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. |