Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $499.4800 (0.32%) ($499.4800 - $499.4800) on Tue. Nov. 12, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.06% (three month average) | RSI | 31 | Latest Price | $499.4800(0.32%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.6% 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. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(72%) IPO(71%) ONLN(70%) QQQ(69%) IWF(68%) | Factors Impacting MELI price | MELI will decline at least -1.03% in a week (0% probabilities). VIXM(-39%) VXX(-16%) UUP(-12%) TLT(-3%) TBT(2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.03% (StdDev 2.06%) | Hourly BBV | 0 () | Intraday Trend | 0% | | | |
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Resistance Level | $520.64 | 5 Day Moving Average | $493.37(1.24%) | 10 Day Moving Average | $499.36(0.02%) | 20 Day Moving Average | $520.64(-4.06%) | To recent high | -21.7% | To recent low | 3.4% | Market Cap | $24.829b | | | | 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. |