Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1238.3500 (2.24%) ($1238.3500 - $1240.1800) on Thu. Jun. 22, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.11% (three month average) | RSI | 49 | Latest Price | $1238.3500(2.24%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.5% a day on average for past five trading days. | Weekly Trend | MELI declines -1.9% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(51%) VUG(50%) XLY(50%) IWF(49%) SKYY(48%) | Factors Impacting MELI price | MELI will decline at least -1.055% in a week (0% probabilities). VXX(-38%) VIXM(-37%) UUP(-14%) TBT(-14%) BLOK(-3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.055% (StdDev 2.11%) | Hourly BBV | 1.8 () | Intraday Trend | 0% | | | |
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1 - 5 Day Possible Target | $1217.69(-1.67%) | Resistance Level | $1239.54 | 5 Day Moving Average | $1213.65(2.04%) | 10 Day Moving Average | $1213.97(2.01%) | 20 Day Moving Average | $1239.54(-0.1%) | To recent high | -7.5% | To recent low | 4.6% | Market Cap | $61.558b | | | | 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. |