Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $568.2600 (-1.94%) ($568.2600 - $568.2600) on Fri. Dec. 13, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.96% (three month average) | RSI | 56 | Latest Price | $568.2600(-1.94%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.5% a day on average for past five trading days. | Weekly Trend | MELI declines -0.1% a week on average for past two weeks. | Market Behavior | Growth stock rally 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%) QQQ(69%) IWF(68%) | Factors Impacting MELI price | MELI will decline at least -0.98% in a week (0% probabilities). VIXM(-39%) VXX(-16%) UUP(-12%) TLT(-3%) TBT(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.98% (StdDev 1.96%) | Hourly BBV | -1.9 () | Intraday Trend | 0% | | | |
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Resistance Level | $571.83 | 5 Day Moving Average | $579.68(-1.97%) | 10 Day Moving Average | $578.94(-1.84%) | 20 Day Moving Average | $571.83(-0.62%) | To recent high | -3.6% | To recent low | 17.7% | Market Cap | $28.248b | | | | 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. |