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     Tue. Oct. 27, 2015

Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)

(MercadoLibre Inc)

MELI latest price $96.6162 (-2.27%) ($96.5170 - $100.0108) on Tue. Oct. 27, 2015.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  2.58% (three month average)
RSI   57
Latest Price   $96.6162(-2.27%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI advances 0.2% a day on average for past five trading days.
Weekly Trend  MELI advances 2.2% a week on average for past two weeks.
Market Behavior  Broad based sell-off 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(63%)    IWF(62%)    SKYY(61%)    VUG(59%)    IWO(58%)  
Factors Impacting MELI price  MELI will decline at least -1.29% in a week (0% probabilities).
  VIXM(-17%)    UUP(-9%)    TLT(-5%)    SHY(-3%)    IGOV(1%)  
Explanation   The rally is not sustainable and not supported by the broad market.
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -1.29% (StdDev 2.58%)
Hourly BBV   0 ()
Intraday Trend   -1.8%
  
 

  


5 Day Moving Average  $97.04(-0.44%)
10 Day Moving Average  $95.63(1.03%)
20 Day Moving Average  $94.4(2.35%)
To recent high  -27.3%
To recent low  12.3%
Market Cap  $4.803b
 
 
 
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.

$. MELI price fluctuates within 3.14% (three month std-dev: 2.58%) daily (68% of days).

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