Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $114.1687 (1.06%) ($111.5062 - $115.2118) on Thu. Mar. 17, 2016. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.71% (three month average) | RSI | 87 | Latest Price | $114.1687(1.06%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.2% a day on average for past five trading days. | Weekly Trend | MELI advances 5.1% a week on average for past two weeks. | Market Behavior | Value stock 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 -1.355% in a week (0% probabilities). VIXM(-15%) UUP(-11%) TLT(-5%) IPO(-3%) XME(-2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.355% (StdDev 2.71%) | Hourly BBV | 0 () | Intraday Trend | 1.1% | | | |
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5 Day Moving Average | $113.73(0.39%) | 10 Day Moving Average | $111.93(2%) | 20 Day Moving Average | $106.98(6.72%) | To recent high | -0.6% | To recent low | 33.9% | Market Cap | $5.675b | | | | 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. |