Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $489.5300 (1.3%) ($467.1500 - $500.7880) on Thu. Mar. 26, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.53% (three month average) | RSI | 38 | Latest Price | $489.5300(1.3%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.1% a day on average for past five trading days. | Weekly Trend | MELI declines -7.9% 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(70%) ONLN(70%) QQQ(67%) IWF(66%) | Factors Impacting MELI price | MELI will decline at least -2.265% in a week (0% probabilities). VIXM(-34%) UUP(-19%) VXX(-12%) TBT(-2%) IYT(2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.265% (StdDev 4.53%) | Hourly BBV | -0.6 () | Intraday Trend | 0% | | | |
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Resistance Level | $533.57 | 5 Day Moving Average | $474.66(3.13%) | 10 Day Moving Average | $477.36(2.55%) | 20 Day Moving Average | $533.57(-8.25%) | To recent high | -34.1% | To recent low | 9.5% | Market Cap | $24.335b | | | | 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. |