Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $882.1000 (6.55%) ($882.1000 - $882.1000) on Mon. Oct. 3, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.26% (three month average) | RSI | 41 | Latest Price | $882.1000(6.55%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.9% a day on average for past five trading days. | Weekly Trend | MELI declines -5.4% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IWF(60%) QQQ(60%) IBUY(59%) IVW(59%) SPY(58%) | Factors Impacting MELI price | MELI will decline at least -2.13% in a week (0% probabilities). UUP(-15%) VIXM(-10%) TBT(-7%) UNG(2%) VXX(3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.13% (StdDev 4.26%) | Hourly BBV | 2.2 () | Intraday Trend | 0% | | | |
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1 - 5 Day Possible Target | $833.91(-5.46%) | Resistance Level | $889.9 | 5 Day Moving Average | $842.38(4.72%) | 10 Day Moving Average | $847.38(4.1%) | 20 Day Moving Average | $889.9(-0.88%) | To recent high | -18.5% | To recent low | 34.3% | Market Cap | $43.849b | | | | 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. |