Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1036.1950 (0.43%) ($1026.2320 - $1065.0000) on Mon. Sep. 14, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.76% (three month average) | RSI | 27 | Latest Price | $1036.1950(0.43%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1% a day on average for past five trading days. | Weekly Trend | MELI declines -7.3% 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(72%) IWF(70%) ONLN(70%) QQQ(69%) | Factors Impacting MELI price | MELI will decline at least -1.38% in a week (0% probabilities). VIXM(-36%) UUP(-22%) VXX(-10%) EDOC(-10%) IGOV(-8%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.38% (StdDev 2.76%) | Hourly BBV | -0.5 () | Intraday Trend | 0% | | | |
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Inflection Point | Yes | Resistance Level | $1146.01 | 5 Day Moving Average | $1037.56(-0.13%) | 10 Day Moving Average | $1090.18(-4.95%) | 20 Day Moving Average | $1146.01(-9.58%) | To recent high | -15.4% | To recent low | 12.3% | Market Cap | $51.509b | | | | 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. |