Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1224.9200 (2.17%) ($1224.9200 - $1224.9200) on Fri. Jul. 21, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.59% (three month average) | RSI | 54 | Latest Price | $1224.9200(2.17%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.5% a day on average for past five trading days. | Weekly Trend | MELI advances 1.2% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(53%) XLY(53%) VUG(52%) IWF(51%) SKYY(51%) | Factors Impacting MELI price | MELI will decline at least -1.295% in a week (0% probabilities). VXX(-38%) VIXM(-38%) UUP(-19%) TBT(-12%) EDOC(-5%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.295% (StdDev 2.59%) | Hourly BBV | 0.5 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1206.05(1.56%) | 10 Day Moving Average | $1169.83(4.71%) | 20 Day Moving Average | $1176.26(4.14%) | To recent high | -8.5% | To recent low | 12.6% | Market Cap | $60.891b | | | | 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. |