Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $240.6517 (-0.68%) ($238.0044 - $243.4988) on Tue. Aug. 29, 2017. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.44% (three month average) | RSI | 42 | Latest Price | $240.6517(-0.68%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.2% a day on average for past five trading days. | Weekly Trend | MELI advances 0.9% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(67%) QQQ(64%) IWF(63%) IVW(62%) ARKK(61%) | Factors Impacting MELI price | MELI will decline at least -1.22% in a week (0% probabilities). VIXM(-13%) UUP(-11%) TLT(-5%) SHY(-1%) IGOV(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.22% (StdDev 2.44%) | Hourly BBV | 0 () | Intraday Trend | 0.4% | | | |
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Resistance Level | $247.1 | 5 Day Moving Average | $243.15(-1.03%) | 10 Day Moving Average | $241.32(-0.28%) | 20 Day Moving Average | $247.1(-2.61%) | To recent high | -17.6% | To recent low | 3.6% | Market Cap | $11.963b | | | | 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. |