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Thu. Feb. 8, 2018 | Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $345.3100 (0.51%) ($337.6200 - $350.5300) on Thu. Feb. 8, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.05% (three month average) | RSI | 54 | Latest Price | $345.3100(0.51%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.9% a day on average for past five trading days. | Weekly Trend | MELI declines -0.8% 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 -1.025% in a week (0% probabilities). VIXM(-13%) UUP(-12%) TLT(-5%) SHY(-1%) VXX(1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.025% (StdDev 2.05%) | Hourly BBV | 0 () | Intraday Trend | -0.4% | | | |
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Resistance Level | $358.39 | 5 Day Moving Average | $351.94(-1.88%) | 10 Day Moving Average | $367.36(-6%) | 20 Day Moving Average | $358.39(-3.65%) | To recent high | -11.5% | To recent low | 32.8% | Market Cap | $17.165b | | | | 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 4.78% (three month std-dev: 2.05%) daily (68% of days).
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