Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $589.5100 (1.03%) ($589.5100 - $589.5100) on Wed. Nov. 27, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.15% (three month average) | RSI | 86 | Latest Price | $589.5100(1.03%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.5% a day on average for past five trading days. | Weekly Trend | MELI advances 7.4% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally 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 -1.075% 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 | -1.075% (StdDev 2.15%) | Hourly BBV | 0 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $577.15(2.14%) | 10 Day Moving Average | $560.05(5.26%) | 20 Day Moving Average | $529.65(11.3%) | To recent high | -2.6% | To recent low | 22.1% | Market Cap | $29.305b | | | | 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. |