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Tue. Oct. 16, 2018 | Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $308.6000 (4.7%) ($296.0100 - $309.3000) on Tue. Oct. 16, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.29% (three month average) | RSI | 43 | Latest Price | $308.6000(4.7%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -2% a day on average for past five trading days. | Weekly Trend | MELI declines -5.3% 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(69%) ONLN(68%) IWF(66%) QQQ(66%) ARKK(64%) | Factors Impacting MELI price | MELI will decline at least -1.645% in a week (0% probabilities). VXX(-14%) UUP(-12%) VIXM(-11%) TLT(-5%) IFRA(-5%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.645% (StdDev 3.29%) | Hourly BBV | 0 () | Intraday Trend | 3.8% | | | |
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Resistance Level | $327.02 | 5 Day Moving Average | $306.14(0.8%) | 10 Day Moving Average | $322.84(-4.41%) | 20 Day Moving Average | $327.02(-5.63%) | To recent high | -19.7% | To recent low | 4.7% | Market Cap | $15.34b | | | | 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 4.86% (three month std-dev: 3.29%) daily (68% of days).
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