Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1107.9200 (1.07%) ($1107.9200 - $1107.9200) on Tue. Jan. 24, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.37% (three month average) | RSI | 96 | Latest Price | $1107.9200(1.07%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.7% a day on average for past five trading days. | Weekly Trend | MELI advances 12.1% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) XLY(55%) IWF(54%) QQQ(54%) VUG(54%) IVW(52%) | Factors Impacting MELI price | MELI will decline at least -1.685% in a week (0% probabilities). VIXM(-42%) UUP(-13%) VXX(-8%) BNDX(-8%) IGOV(-7%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.685% (StdDev 3.37%) | Hourly BBV | 0.8 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1088.79(1.76%) | 10 Day Moving Average | $1050.48(5.47%) | 20 Day Moving Average | $958.54(15.58%) | To recent high | 0% | To recent low | 34% | Market Cap | $55.075b | | | | 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. |