Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $652.0200 (-0.94%) ($652.0200 - $652.0200) on Tue. Feb. 11, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.18% (three month average) | RSI | 49 | Latest Price | $652.0200(-0.94%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.7% a day on average for past five trading days. | Weekly Trend | MELI declines -0.4% a week on average for past two weeks. | Market Behavior | Value stock 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(73%) IPO(72%) ONLN(71%) QQQ(69%) IWF(68%) | Factors Impacting MELI price | MELI will decline at least -1.09% in a week (0% probabilities). VIXM(-39%) VXX(-16%) UUP(-13%) TLT(-3%) TBT(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.09% (StdDev 2.18%) | Hourly BBV | 0.1 () | Intraday Trend | 0% | | | |
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Resistance Level | $666.06 | 5 Day Moving Average | $660.48(-1.28%) | 10 Day Moving Average | $668.93(-2.53%) | 20 Day Moving Average | $666.06(-2.11%) | To recent high | -8.2% | To recent low | 31% | Market Cap | $32.412b | | | | 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. |