Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $363.2500 (-1.31%) ($362.3100 - $374.9700) on Tue. Feb. 5, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.54% (three month average) | RSI | 57 | Latest Price | $363.2500(-1.31%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.7% a day on average for past five trading days. | Weekly Trend | MELI advances 3.2% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(69%) IPO(69%) ONLN(68%) QQQ(66%) IWF(65%) | Factors Impacting MELI price | MELI will decline at least -1.77% in a week (0% probabilities). VXX(-13%) UUP(-13%) VIXM(-8%) TLT(-4%) XHB(0%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.77% (StdDev 3.54%) | Hourly BBV | 0 () | Intraday Trend | -1.9% | | | |
|
5 Day Moving Average | $364.4(-0.32%) | 10 Day Moving Average | $354.64(2.43%) | 20 Day Moving Average | $348.1(4.35%) | To recent high | -1.7% | To recent low | 41.1% | Market Cap | $18.057b | | | | 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. |