Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $871.9100 (-0.87%) ($854.3500 - $871.9100) on Mon. Oct. 10, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.25% (three month average) | RSI | 46 | Latest Price | $871.9100(-0.87%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.2% a day on average for past five trading days. | Weekly Trend | MELI advances 3.8% 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) IWF(59%) QQQ(59%) IBUY(58%) IVW(58%) SPY(58%) | Factors Impacting MELI price | MELI will decline at least -2.125% in a week (0% probabilities). UUP(-13%) VIXM(-9%) TBT(-4%) UNG(1%) VXX(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.125% (StdDev 4.25%) | Hourly BBV | -0.8 () | Intraday Trend | 0% | | | |
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Resistance Level | $887.4 | 5 Day Moving Average | $912.53(-4.45%) | 10 Day Moving Average | $879.19(-0.83%) | 20 Day Moving Average | $887.4(-1.75%) | To recent high | -19.5% | To recent low | 32.8% | Market Cap | $43.343b | | | | 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. |