Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $570.7100 (-4.45%) ($0.0000 - $0.0000) on Mon. Sep. 9, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.82% (three month average) | RSI | 41 | Latest Price | $570.7100(-4.45%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.8% a day on average for past five trading days. | Weekly Trend | MELI declines -1.9% a week on average for past two weeks. | Market Behavior | Rotation from growth to value for large cap. Value stock rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(72%) IPO(71%) ONLN(70%) IWF(68%) QQQ(68%) | Factors Impacting MELI price | MELI will decline at least -1.41% in a week (0% probabilities). VIXM(-39%) VXX(-16%) UUP(-12%) TLT(-3%) TBT(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.41% (StdDev 2.82%) | Hourly BBV | 0 () | Intraday Trend | 0% | | | |
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Resistance Level | $603.9 | 5 Day Moving Average | $588.78(-3.07%) | 10 Day Moving Average | $591.18(-3.46%) | 20 Day Moving Average | $603.9(-5.5%) | To recent high | -17.3% | To recent low | 0% | Market Cap | $28.37b | | | | 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. |