Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1180.0800 (-2.48%) ($1180.0800 - $1180.0800) on Wed. Mar. 15, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.66% (three month average) | RSI | 60 | Latest Price | $1180.0800(-2.48%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.2% a day on average for past five trading days. | Weekly Trend | MELI declines -0.1% 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(54%) | Factors Impacting MELI price | MELI will decline at least -1.33% in a week (0% probabilities). VIXM(-40%) UUP(-11%) BNDX(-11%) SHY(-8%) VXX(-7%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.33% (StdDev 2.66%) | Hourly BBV | -0.1 () | Intraday Trend | 0% | | | |
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Resistance Level | $1183.73 | 5 Day Moving Average | $1185.04(-0.42%) | 10 Day Moving Average | $1211.97(-2.63%) | 20 Day Moving Average | $1183.73(-0.31%) | To recent high | -6.5% | To recent low | 42.1% | Market Cap | $58.662b | | | | 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. |