Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1256.1900 (-0.83%) ($1253.0000 - $1256.1900) on Wed. Sep. 27, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.04% (three month average) | RSI | 9 | Latest Price | $1256.1900(-0.83%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.1% a day on average for past five trading days. | Weekly Trend | MELI declines -5.2% a week on average for past two weeks. | Market Behavior | Normal for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(67%) IVE(66%) SPY(66%) BOTZ(65%) VUG(65%) | Factors Impacting MELI price | MELI will decline at least -1.52% in a week (0% probabilities). VIXM(-45%) VXX(-44%) TBT(-33%) UUP(-22%) USO(-17%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.52% (StdDev 3.04%) | Hourly BBV | -1.2 () | Intraday Trend | 0% | | | |
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Resistance Level | $1361.75 | 5 Day Moving Average | $1276.61(-1.6%) | 10 Day Moving Average | $1317.8(-4.68%) | 20 Day Moving Average | $1361.75(-7.75%) | To recent high | -12.6% | To recent low | 15.5% | Market Cap | $62.445b | | | | 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. |