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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%
  
 

  


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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