Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $482.8500 (-0.35%) ($0.0000 - $0.0000) on Wed. Nov. 6, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.81% (three month average) | RSI | 26 | Latest Price | $482.8500(-0.35%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -2.7% a day on average for past five trading days. | Weekly Trend | MELI declines -4.8% 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(72%) IPO(71%) ONLN(70%) IWF(68%) QQQ(68%) | Factors Impacting MELI price | MELI will decline at least -1.405% in a week (0% probabilities). VIXM(-39%) VXX(-16%) UUP(-12%) TLT(-3%) TBT(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.405% (StdDev 2.81%) | Hourly BBV | 0 () | Intraday Trend | 0% | | | |
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Resistance Level | $532.45 | 5 Day Moving Average | $493.14(-2.09%) | 10 Day Moving Average | $518.2(-6.82%) | 20 Day Moving Average | $532.45(-9.32%) | To recent high | -30% | To recent low | 0% | Market Cap | $24.002b | | | | 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. |