Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1388.9450 (5.02%) ($1388.9450 - $1388.9450) on Fri. Nov. 3, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.24% (three month average) | RSI | 67 | Latest Price | $1388.9450(5.02%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 3% a day on average for past five trading days. | Weekly Trend | MELI advances 4.2% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(63%) VUG(63%) XLK(63%) IWF(61%) BOTZ(60%) | Factors Impacting MELI price | MELI will decline at least -1.12% in a week (0% probabilities). VXX(-32%) VIXM(-29%) TBT(-27%) UUP(-22%) USO(-10%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.12% (StdDev 2.24%) | Hourly BBV | 1.2 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1297.42(7.05%) | 10 Day Moving Average | $1249.25(11.18%) | 20 Day Moving Average | $1235.06(12.46%) | To recent high | -3.4% | To recent low | 18.7% | Market Cap | $69.044b | | | | 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. |