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     Wed. Feb. 10, 2016

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

(MercadoLibre Inc)

MELI latest price $87.1366 (2.2%) ($85.4656 - $89.1881) on Wed. Feb. 10, 2016.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  2.42% (three month average)
RSI   34
Latest Price   $87.1366(2.2%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  MELI declines -1.7% a day on average for past five trading days.
Weekly Trend  MELI declines -5.2% a week on average for past two weeks.
Market Behavior  Normal for large cap. Normal 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 -1.21% in a week (0% probabilities).
  VIXM(-16%)    UUP(-11%)    TLT(-5%)    IPO(-3%)    SHY(-2%)  
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -1.21% (StdDev 2.42%)
Hourly BBV   0 ()
Intraday Trend   1.3%
  
 

  


1 - 5 Day Possible Target  $80.99(-7.05%)
Resistance Level  $95.22
5 Day Moving Average  $88.67(-1.73%)
10 Day Moving Average  $92.3(-5.59%)
20 Day Moving Average  $95.22(-8.49%)
To recent high  -30.4%
To recent low  2.2%
Market Cap  $4.332b
 
 
 
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 5.12% (three month std-dev: 2.42%) daily (68% of days).

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