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     Tue. Feb. 2, 2016

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

(MercadoLibre Inc)

MELI latest price $95.4916 (-2.91%) ($95.1936 - $98.0547) on Tue. Feb. 2, 2016.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  2.53% (three month average)
RSI   37
Latest Price   $95.4916(-2.91%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI declines -0.6% a day on average for past five trading days.
Weekly Trend  MELI declines -1.5% 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%)    IVW(61%)    SKYY(61%)    ARKK(59%)  
Factors Impacting MELI price  MELI will decline at least -1.265% in a week (0% probabilities).
  VIXM(-16%)    UUP(-10%)    TLT(-5%)    IPO(-3%)    SHY(-2%)  
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -1.265% (StdDev 2.53%)
Hourly BBV   0 ()
Intraday Trend   -2.6%
  
 

  


1 - 5 Day Possible Target  $90.89(-4.82%)
Resistance Level  $99.41
5 Day Moving Average  $96.85(-1.4%)
10 Day Moving Average  $97.51(-2.07%)
20 Day Moving Average  $99.41(-3.94%)
To recent high  -23.8%
To recent low  0%
Market Cap  $4.747b
 
 
 
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 3.8% (three month std-dev: 2.53%) daily (68% of days).

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