Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1375.7400 (2.58%) ($1375.7400 - $1386.6200) on Thu. Aug. 31, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.17% (three month average) | RSI | 52 | Latest Price | $1375.7400(2.58%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2.5% a day on average for past five trading days. | Weekly Trend | MELI advances 1.5% 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(64%) VUG(64%) IWF(63%) BOTZ(62%) VFMO(62%) | Factors Impacting MELI price | MELI will decline at least -1.585% in a week (0% probabilities). VXX(-45%) VIXM(-44%) TBT(-30%) UUP(-21%) USO(-10%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.585% (StdDev 3.17%) | Hourly BBV | 1.8 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1300.09(5.82%) | 10 Day Moving Average | $1266.45(8.63%) | 20 Day Moving Average | $1282.61(7.26%) | To recent high | -0.8% | To recent low | 26.5% | Market Cap | $68.388b | | | | 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. |