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Thu. Aug. 22, 2019 | Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $619.0850 (-1.63%) ($0.0000 - $0.0000) on Thu. Aug. 22, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.87% (three month average) | RSI | 53 | Latest Price | $619.0850(-1.63%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.2% a day on average for past five trading days. | Weekly Trend | MELI declines -0.3% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(71%) IPO(71%) ONLN(70%) QQQ(68%) IWF(67%) | Factors Impacting MELI price | MELI will decline at least -1.435% in a week (0% probabilities). VIXM(-39%) VXX(-16%) UUP(-12%) TLT(-3%) IFRA(-1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.435% (StdDev 2.87%) | Hourly BBV | 0 () | Intraday Trend | INF% | | | |
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Resistance Level | $627.45 | 5 Day Moving Average | $617.73(0.22%) | 10 Day Moving Average | $626.55(-1.19%) | 20 Day Moving Average | $627.45(-1.33%) | To recent high | -10.3% | To recent low | 12.3% | Market Cap | $30.775b | | | | 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 4.23% (three month std-dev: 2.87%) daily (68% of days).
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