Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $114.2399 (5.3%) ($107.9619 - $114.2894) on Tue. Oct. 28, 2014. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.45% (three month average) | RSI | 50 | Latest Price | $114.2399(5.3%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1% a day on average for past five trading days. | Weekly Trend | MELI advances 0.2% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(62%) SPY(55%) XLK(55%) XLY(55%) VT(53%) | Factors Impacting MELI price | MELI will decline at least -1.225% in a week (0% probabilities). VIXM(-19%) UUP(-8%) TLT(-7%) SHY(-3%) IGOV(-0%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.225% (StdDev 2.45%) | Hourly BBV | 0 () | Intraday Trend | 4.4% | | | |
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5 Day Moving Average | $109.09(4.72%) | 10 Day Moving Average | $107.47(6.3%) | 20 Day Moving Average | $108.39(5.4%) | To recent high | -1.6% | To recent low | 27.2% | Market Cap | $5.679b | | | | 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. |