Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $304.4600 (2.36%) ($293.5200 - $305.5200) on Thu. Jul. 5, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.75% (three month average) | RSI | 48 | Latest Price | $304.4600(2.36%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.3% a day on average for past five trading days. | Weekly Trend | MELI advances 0.1% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(68%) IWF(65%) QQQ(65%) ARKK(63%) IVW(63%) | Factors Impacting MELI price | MELI will decline at least -1.375% in a week (0% probabilities). VXX(-14%) UUP(-12%) VIXM(-11%) TLT(-5%) ACES(-3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.375% (StdDev 2.75%) | Hourly BBV | 0 () | Intraday Trend | 1.9% | | | |
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5 Day Moving Average | $298.66(1.94%) | 10 Day Moving Average | $294.63(3.34%) | 20 Day Moving Average | $295.36(3.08%) | To recent high | -13.5% | To recent low | 6.7% | Market Cap | $15.135b | | | | 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. |