Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1161.5400 (-4.89%) ($1160.5500 - $1161.5400) on Mon. Jan. 30, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.39% (three month average) | RSI | 86 | Latest Price | $1161.5400(-4.89%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.1% a day on average for past five trading days. | Weekly Trend | MELI advances 9.2% 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) XLY(55%) IWF(54%) QQQ(54%) VUG(54%) IVW(52%) | Factors Impacting MELI price | MELI will decline at least -1.695% in a week (0% probabilities). VIXM(-42%) UUP(-13%) VXX(-7%) BNDX(-7%) SHY(-6%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.695% (StdDev 3.39%) | Hourly BBV | -0.9 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1162.57(-0.09%) | 10 Day Moving Average | $1124.76(3.27%) | 20 Day Moving Average | $1023.38(13.5%) | To recent high | -4.9% | To recent low | 39.9% | Market Cap | $57.74b | | | | 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. |