Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1200.4100 (3.4%) ($1162.8000 - $1202.9900) on Sat. Oct. 10, 2020. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.94% (three month average) | RSI | 76 | Latest Price | $1200.4100(3.4%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2.2% a day on average for past five trading days. | Weekly Trend | MELI advances 4.7% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) (0%) (0%) (0%) (0%) (0%) | Factors Impacting MELI price | MELI will decline at least -1.47% in a week (0% probabilities). (0%) (0%) (0%) (0%) (0%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.47% (StdDev 2.94%) | Hourly BBV | 0 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1137.47(5.53%) | 10 Day Moving Average | $1115.98(7.57%) | 20 Day Moving Average | $1071.91(11.99%) | To recent high | -2% | To recent low | 25.8% | Market Cap | $N/A | | | | 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. |