Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1367.2100 (-1.17%) ($1367.2100 - $1391.2350) on Wed. Nov. 8, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.16% (three month average) | RSI | 76 | Latest Price | $1367.2100(-1.17%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.9% a day on average for past five trading days. | Weekly Trend | MELI advances 7.6% 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) QQQ(64%) IVW(63%) SMH(62%) SPY(60%) XLK(60%) | Factors Impacting MELI price | MELI will decline at least -1.08% in a week (0% probabilities). VXX(-26%) TBT(-24%) VIXM(-22%) UUP(-21%) USO(-11%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.08% (StdDev 2.16%) | Hourly BBV | -0.7 () | Intraday Trend | 0% | | | |
|
5 Day Moving Average | $1367.45(-0.02%) | 10 Day Moving Average | $1303.39(4.9%) | 20 Day Moving Average | $1256.56(8.81%) | To recent high | -4.9% | To recent low | 16.8% | Market Cap | $67.964b | | | | 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. |