Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1168.1000 (-3.01%) ($1168.1000 - $1201.6100) on Fri. Mar. 10, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.65% (three month average) | RSI | 67 | Latest Price | $1168.1000(-3.01%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.9% a day on average for past five trading days. | Weekly Trend | MELI advances 4.3% 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) VUG(56%) IWF(55%) QQQ(55%) XLY(55%) IVW(53%) | Factors Impacting MELI price | MELI will decline at least -1.325% in a week (0% probabilities). VIXM(-41%) UUP(-11%) BNDX(-10%) SHY(-8%) VXX(-7%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.325% (StdDev 2.65%) | Hourly BBV | -1.3 () | Intraday Trend | 0% | | | |
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Resistance Level | $1174.59 | 5 Day Moving Average | $1228.7(-4.93%) | 10 Day Moving Average | $1219.34(-4.2%) | 20 Day Moving Average | $1174.59(-0.55%) | To recent high | -7.5% | To recent low | 40.7% | Market Cap | $58.066b | | | | 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. |