Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $108.9630 (-0.25%) ($107.8900 - $111.6205) on Tue. Jan. 5, 2016. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.05% (three month average) | RSI | 37 | Latest Price | $108.9630(-0.25%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.7% a day on average for past five trading days. | Weekly Trend | MELI declines -1.1% a week on average for past two weeks. | Market Behavior | Normal for large cap. Value stock 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 -1.025% in a week (0% probabilities). VIXM(-16%) UUP(-10%) TLT(-5%) SHY(-2%) IGOV(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.025% (StdDev 2.05%) | Hourly BBV | 0 () | Intraday Trend | -0.8% | | | |
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Resistance Level | $113.78 | 5 Day Moving Average | $111.95(-2.67%) | 10 Day Moving Average | $112.15(-2.84%) | 20 Day Moving Average | $113.78(-4.23%) | To recent high | -13% | To recent low | 20.8% | Market Cap | $5.417b | | | | 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. |