Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $146.1187 (-1.03%) ($145.4549 - $148.3479) on Fri. May. 22, 2015. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.5% (three month average) | RSI | 37 | Latest Price | $146.1187(-1.03%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.1% a day on average for past five trading days. | Weekly Trend | MELI declines -0.2% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(63%) SPY(56%) XLY(56%) XLK(55%) VT(53%) | Factors Impacting MELI price | MELI will decline at least -0.75% in a week (0% probabilities). VIXM(-18%) UUP(-7%) 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 | -0.75% (StdDev 1.5%) | Hourly BBV | 0 () | Intraday Trend | -1.2% | | | |
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5 Day Moving Average | $146.04(0.05%) | 10 Day Moving Average | $145.37(0.52%) | 20 Day Moving Average | $144.57(1.07%) | To recent high | -3.1% | To recent low | 21.9% | Market Cap | $7.264b | | | | 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. |