Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $761.9100 (-2.52%) ($761.2500 - $794.4300) on Tue. May. 12, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.5% (three month average) | RSI | 76 | Latest Price | $761.9100(-2.52%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 3.9% a day on average for past five trading days. | Weekly Trend | MELI advances 15.8% 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(72%) IPO(71%) ONLN(69%) IWF(68%) QQQ(68%) | Factors Impacting MELI price | MELI will decline at least -2.75% in a week (0% probabilities). VIXM(-35%) 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 | -2.75% (StdDev 5.5%) | Hourly BBV | -1.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $769.18(-0.95%) | 10 Day Moving Average | $690.81(10.29%) | 20 Day Moving Average | $642.82(18.53%) | To recent high | -3% | To recent low | 70.4% | Market Cap | $37.875b | | | | 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. |