Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1383.0400 (-0.62%) ($1372.3300 - $1383.0400) on Mon. Sep. 18, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.1% (three month average) | RSI | 79 | Latest Price | $1383.0400(-0.62%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.6% a day on average for past five trading days. | Weekly Trend | MELI advances 1.6% a week on average for past two weeks. | Market Behavior | Normal 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(64%) QQQ(64%) IVE(63%) SPY(62%) VFMO(62%) | Factors Impacting MELI price | MELI will decline at least -1.55% in a week (0% probabilities). VIXM(-43%) VXX(-42%) TBT(-32%) UUP(-22%) USO(-18%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.55% (StdDev 3.1%) | Hourly BBV | -0.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1391.48(-0.61%) | 10 Day Moving Average | $1409.57(-1.88%) | 20 Day Moving Average | $1352.17(2.28%) | To recent high | -3.8% | To recent low | 27.2% | Market Cap | $68.751b | | | | 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. |