Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1177.9900 (3.61%) ($1177.9900 - $1177.9900) on Mon. Jul. 17, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.54% (three month average) | RSI | 54 | Latest Price | $1177.9900(3.61%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.6% a day on average for past five trading days. | Weekly Trend | MELI declines -1.3% a week on average for past two weeks. | Market Behavior | Growth 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%) VUG(51%) XLY(51%) IWF(50%) SKYY(49%) | Factors Impacting MELI price | MELI will decline at least -1.27% in a week (0% probabilities). VXX(-37%) VIXM(-37%) UUP(-17%) TBT(-12%) USO(3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.27% (StdDev 2.54%) | Hourly BBV | 2.3 () | Intraday Trend | 0% | | | |
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1 - 5 Day Possible Target | $1158.22(-1.68%) | 5 Day Moving Average | $1146.51(2.75%) | 10 Day Moving Average | $1155.35(1.96%) | 20 Day Moving Average | $1174.3(0.31%) | To recent high | -12% | To recent low | 8.3% | Market Cap | $58.558b | | | | 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. |