Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1247.8500 (-2.89%) ($1239.2500 - $1247.8500) on Wed. Aug. 16, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.15% (three month average) | RSI | 60 | Latest Price | $1247.8500(-2.89%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1% a day on average for past five trading days. | Weekly Trend | MELI advances 3.9% 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) QQQ(61%) BOTZ(60%) IWF(60%) VUG(60%) XLY(60%) | Factors Impacting MELI price | MELI will decline at least -1.575% in a week (0% probabilities). VXX(-42%) VIXM(-42%) TBT(-21%) UUP(-20%) EDOC(-14%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.575% (StdDev 3.15%) | Hourly BBV | -2.4 () | Intraday Trend | 0% | | | |
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Resistance Level | $1260.22 | 5 Day Moving Average | $1309.2(-4.69%) | 10 Day Moving Average | $1314.83(-5.09%) | 20 Day Moving Average | $1260.22(-0.98%) | To recent high | -10.1% | To recent low | 14.8% | Market Cap | $62.031b | | | | 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. |