Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $458.3100 (1%) ($425.3800 - $486.0790) on Mon. Mar. 23, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.48% (three month average) | RSI | 35 | Latest Price | $458.3100(1%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.4% a day on average for past five trading days. | Weekly Trend | MELI declines -13.1% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Value stock 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(68%) IWF(67%) | Factors Impacting MELI price | MELI will decline at least -2.24% in a week (0% probabilities). VIXM(-36%) UUP(-16%) VXX(-13%) TBT(-1%) TLT(1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.24% (StdDev 4.48%) | Hourly BBV | -0.6 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $553.38 | 5 Day Moving Average | $462.83(-0.98%) | 10 Day Moving Average | $494.12(-7.25%) | 20 Day Moving Average | $553.38(-17.18%) | To recent high | -38.3% | To recent low | 2.5% | Market Cap | $22.783b | | | | 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. |