Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1254.9200 (-2.57%) ($1254.9200 - $1254.9200) on Tue. Jun. 6, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.23% (three month average) | RSI | 49 | Latest Price | $1254.9200(-2.57%) | 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 -2% a week on average for past two weeks. | Market Behavior | Value stock rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(52%) IWF(50%) VUG(50%) XLY(49%) IVW(48%) | Factors Impacting MELI price | MELI will decline at least -1.115% in a week (0% probabilities). VXX(-35%) VIXM(-35%) UUP(-14%) TBT(-14%) BLOK(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.115% (StdDev 2.23%) | Hourly BBV | -0.3 () | Intraday Trend | 0% | | | |
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Resistance Level | $1283.14 | 5 Day Moving Average | $1262.48(-0.6%) | 10 Day Moving Average | $1267.99(-1.03%) | 20 Day Moving Average | $1283.14(-2.2%) | To recent high | -6.2% | To recent low | 7.9% | Market Cap | $62.382b | | | | 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. |