Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1098.3900 (2.5%) ($1098.3900 - $1098.3900) on Fri. Jan. 20, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.4% (three month average) | RSI | 83 | Latest Price | $1098.3900(2.5%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.3% a day on average for past five trading days. | Weekly Trend | MELI advances 13.3% 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) VUG(53%) XLY(53%) IWF(52%) QQQ(52%) VT(51%) | Factors Impacting MELI price | MELI will decline at least -1.7% in a week (0% probabilities). VIXM(-42%) UUP(-15%) VXX(-8%) TBT(-7%) BNDX(-6%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.7% (StdDev 3.4%) | Hourly BBV | 1.5 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1078.62(1.83%) | 10 Day Moving Average | $1008.62(8.9%) | 20 Day Moving Average | $935.84(17.37%) | To recent high | 0% | To recent low | 33.8% | Market Cap | $54.601b | | | | 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. |