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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%
  
 

  


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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