Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1186.4800 (-2.86%) ($1185.7200 - $1186.4800) on Wed. Mar. 22, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.64% (three month average) | RSI | 47 | Latest Price | $1186.4800(-2.86%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.1% a day on average for past five trading days. | Weekly Trend | MELI declines -1.5% 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) IWF(55%) VUG(55%) XLY(55%) QQQ(54%) IVW(53%) | Factors Impacting MELI price | MELI will decline at least -1.32% in a week (0% probabilities). VXX(-43%) VIXM(-41%) UUP(-13%) BNDX(-9%) TBT(-5%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.32% (StdDev 2.64%) | Hourly BBV | -0.3 () | Intraday Trend | 0% | | | |
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Resistance Level | $1202.38 | 5 Day Moving Average | $1201.96(-1.29%) | 10 Day Moving Average | $1193.86(-0.62%) | 20 Day Moving Average | $1202.38(-1.32%) | To recent high | -6% | To recent low | 42.9% | Market Cap | $58.98b | | | | 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. |