Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $630.6600 (-0.92%) ($624.8900 - $644.7100) on Fri. Jun. 21, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.18% (three month average) | RSI | 70 | Latest Price | $630.6600(-0.92%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.5% a day on average for past five trading days. | Weekly Trend | MELI advances 4.4% a week on average for past two weeks. | Market Behavior | Normal for large cap. Value stock sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(71%) IPO(71%) ONLN(69%) IWF(68%) QQQ(68%) | Factors Impacting MELI price | MELI will decline at least -1.59% in a week (0% probabilities). VXX(-17%) UUP(-11%) TLT(-4%) IFRA(0%) SHY(2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.59% (StdDev 3.18%) | Hourly BBV | 0 () | Intraday Trend | -0.8% | | | |
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5 Day Moving Average | $629.75(0.14%) | 10 Day Moving Average | $625.67(0.8%) | 20 Day Moving Average | $603.47(4.51%) | To recent high | -1.6% | To recent low | 30.7% | Market Cap | $31.35b | | | | 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. |