Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $335.3900 (-2.68%) ($333.2600 - $343.9400) on Mon. Nov. 19, 2018. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.35% (three month average) | RSI | 62 | Latest Price | $335.3900(-2.68%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.8% a day on average for past five trading days. | Weekly Trend | MELI declines -0.1% 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(69%) ONLN(68%) IWF(66%) QQQ(66%) IVW(64%) | Factors Impacting MELI price | MELI will decline at least -1.675% in a week (0% probabilities). VXX(-14%) UUP(-12%) VIXM(-10%) TLT(-5%) SHY(0%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.675% (StdDev 3.35%) | Hourly BBV | 0 () | Intraday Trend | -1.7% | | | |
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5 Day Moving Average | $337.11(-0.51%) | 10 Day Moving Average | $335.1(0.09%) | 20 Day Moving Average | $326.74(2.65%) | To recent high | -11.3% | To recent low | 16.7% | Market Cap | $16.672b | | | | 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. |