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Tue. Dec. 29, 2015 | Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $114.3674 (1.08%) ($112.5695 - $114.8034) on Tue. Dec. 29, 2015. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.16% (three month average) | RSI | 41 | Latest Price | $114.3674(1.08%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.4% a day on average for past five trading days. | Weekly Trend | MELI declines -1.3% 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%) IWF(62%) IVW(61%) SKYY(61%) ARKK(59%) | Factors Impacting MELI price | MELI will decline at least -1.08% in a week (0% probabilities). VIXM(-16%) UUP(-10%) TLT(-5%) SHY(-2%) IGOV(2%) | 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 () | Intraday Trend | 0.3% | | | |
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1 - 5 Day Possible Target | $108.28(-5.32%) | Resistance Level | $115.87 | 5 Day Moving Average | $112.92(1.28%) | 10 Day Moving Average | $113.35(0.9%) | 20 Day Moving Average | $115.87(-1.3%) | To recent high | -8.7% | To recent low | 32.9% | Market Cap | $5.685b | | | | 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 3.36% (three month std-dev: 2.16%) daily (68% of days).
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