Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $839.7800 (-1.81%) ($838.2200 - $839.7800) on Wed. Dec. 28, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.87% (three month average) | RSI | 47 | Latest Price | $839.7800(-1.81%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.8% a day on average for past five trading days. | Weekly Trend | MELI declines -0.5% 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(52%) QQQ(51%) IBUY(50%) IVW(50%) SPY(49%) | Factors Impacting MELI price | MELI will decline at least -1.935% in a week (0% probabilities). VWO(-10%) BNDX(-5%) XLV(-4%) XLU(-3%) SHY(-3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.935% (StdDev 3.87%) | Hourly BBV | -2.2 () | Intraday Trend | 0% | | | |
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Resistance Level | $879.06 | 5 Day Moving Average | $869.32(-3.4%) | 10 Day Moving Average | $865.25(-2.94%) | 20 Day Moving Average | $879.06(-4.47%) | To recent high | -17.7% | To recent low | 10.9% | Market Cap | $41.745b | | | | 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. |