Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $502.0050 (-8.92%) ($502.0050 - $502.0050) on Thu. Mar. 12, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.86% (three month average) | RSI | 28 | Latest Price | $502.0050(-8.92%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -4.3% a day on average for past five trading days. | Weekly Trend | MELI declines -7.4% a week on average for past two weeks. | Market Behavior | Broad based sell-off 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(73%) IPO(72%) ONLN(71%) QQQ(69%) IWF(68%) | Factors Impacting MELI price | MELI will decline at least -1.93% in a week (0% probabilities). VIXM(-39%) VXX(-15%) UUP(-13%) TLT(-2%) IGOV(-1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.93% (StdDev 3.86%) | Hourly BBV | -1.3 () | Intraday Trend | 0% | | | |
|
Inflection Point | Yes | Resistance Level | $641.58 | 5 Day Moving Average | $561.46(-10.59%) | 10 Day Moving Average | $595.07(-15.64%) | 20 Day Moving Average | $641.58(-21.75%) | To recent high | -32.4% | To recent low | 0% | Market Cap | $24.955b | | | | 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. |