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Tue. Jul. 2, 2019 | Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $626.9900 (1.29%) ($613.5300 - $631.5500) on Tue. Jul. 2, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.16% (three month average) | RSI | 52 | Latest Price | $626.9900(1.29%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.4% a day on average for past five trading days. | Weekly Trend | MELI declines -0.7% a week on average for past two weeks. | Market Behavior | Growth stock rally 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(71%) IPO(71%) ONLN(69%) IWF(68%) QQQ(68%) | Factors Impacting MELI price | MELI will decline at least -1.58% in a week (0% probabilities). VIXM(-40%) VXX(-17%) UUP(-11%) TLT(-4%) IFRA(0%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.58% (StdDev 3.16%) | Hourly BBV | 0 () | Intraday Trend | 1.8% | | | |
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5 Day Moving Average | $615.57(1.86%) | 10 Day Moving Average | $621.89(0.82%) | 20 Day Moving Average | $616.61(1.68%) | To recent high | -2.2% | To recent low | 30% | Market Cap | $31.168b | | | | 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 3.46% (three month std-dev: 3.16%) daily (68% of days).
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