Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $785.4000 (1.68%) ($761.4100 - $798.1000) on Fri. May. 8, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.53% (three month average) | RSI | 75 | Latest Price | $785.4000(1.68%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 5.4% a day on average for past five trading days. | Weekly Trend | MELI advances 10.7% 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(71%) IPO(70%) ONLN(69%) QQQ(68%) IWF(67%) | Factors Impacting MELI price | MELI will decline at least -2.765% in a week (0% probabilities). VIXM(-34%) UUP(-21%) VXX(-11%) IYT(-5%) TBT(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.765% (StdDev 5.53%) | Hourly BBV | 1.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $705.49(11.33%) | 10 Day Moving Average | $654.56(19.99%) | 20 Day Moving Average | $620.12(26.65%) | To recent high | 0% | To recent low | 75.7% | Market Cap | $39.042b | | | | 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. |