Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1391.6900 (0.61%) ($1391.6900 - $1391.6900) on Fri. Sep. 15, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.12% (three month average) | RSI | 81 | Latest Price | $1391.6900(0.61%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.5% a day on average for past five trading days. | Weekly Trend | MELI advances 3.3% 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) BOTZ(63%) QQQ(63%) IVE(62%) SPY(61%) VFMO(61%) | Factors Impacting MELI price | MELI will decline at least -1.56% in a week (0% probabilities). VIXM(-43%) VXX(-42%) TBT(-32%) UUP(-22%) USO(-19%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.56% (StdDev 3.12%) | Hourly BBV | 0.8 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1399.86(-0.58%) | 10 Day Moving Average | $1413.54(-1.55%) | 20 Day Moving Average | $1343.66(3.57%) | To recent high | -3.2% | To recent low | 28% | Market Cap | $69.181b | | | | 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. |