Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $390.2700 (2.2%) ($382.0400 - $395.6650) on Mon. Jan. 29, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.49% (three month average) | RSI | 88 | Latest Price | $390.2700(2.2%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2.1% a day on average for past five trading days. | Weekly Trend | MELI advances 4.3% 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) IBUY(68%) QQQ(65%) IWF(64%) IVW(63%) ARKK(62%) | Factors Impacting MELI price | MELI will decline at least -1.245% in a week (0% probabilities). VIXM(-13%) UUP(-12%) TLT(-5%) SHY(-1%) VXX(0%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.245% (StdDev 2.49%) | Hourly BBV | 0 () | Intraday Trend | 2.1% | | | |
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5 Day Moving Average | $368.64(5.87%) | 10 Day Moving Average | $357.25(9.24%) | 20 Day Moving Average | $345.47(12.97%) | To recent high | 0% | To recent low | 66.5% | Market Cap | $19.4b | | | | 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. |