Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $369.4900 (-1.49%) ($362.5101 - $374.9200) on Tue. Feb. 26, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.2% (three month average) | RSI | 54 | Latest Price | $369.4900(-1.49%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.1% a day on average for past five trading days. | Weekly Trend | MELI advances 2.1% a week on average for past two weeks. | Market Behavior | Normal 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%) IPO(69%) ONLN(68%) QQQ(66%) IWF(65%) | Factors Impacting MELI price | MELI will decline at least -1.6% 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 | -1.6% (StdDev 3.2%) | Hourly BBV | 0 () | Intraday Trend | -0.7% | | | |
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5 Day Moving Average | $370.39(-0.24%) | 10 Day Moving Average | $366.92(0.7%) | 20 Day Moving Average | $363.02(1.78%) | To recent high | -1.5% | To recent low | 43.5% | Market Cap | $18.367b | | | | 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. |