Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1224.0050 (1.86%) ($1224.0050 - $1224.0050) on Mon. Aug. 21, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.16% (three month average) | RSI | 54 | Latest Price | $1224.0050(1.86%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.2% 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. Value stock sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(64%) BOTZ(63%) VFMO(63%) VUG(63%) IWF(62%) | Factors Impacting MELI price | MELI will decline at least -1.58% in a week (0% probabilities). VXX(-46%) VIXM(-46%) TBT(-29%) UUP(-21%) EDOC(-16%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.58% (StdDev 3.16%) | Hourly BBV | 0.9 () | Intraday Trend | 0% | | | |
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Resistance Level | $1258.65 | 5 Day Moving Average | $1231.03(-0.57%) | 10 Day Moving Average | $1277.78(-4.21%) | 20 Day Moving Average | $1258.65(-2.75%) | To recent high | -11.8% | To recent low | 12.6% | Market Cap | $60.845b | | | | 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. |