Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1598.1300 (1.89%) ($1598.1300 - $1598.1300) on Thu. Jan. 7, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.23% (three month average) | RSI | 44 | Latest Price | $1598.1300(1.89%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.4% a day on average for past five trading days. | Weekly Trend | MELI declines -2.3% 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%) QQQ(70%) IVW(69%) | Factors Impacting MELI price | MELI will decline at least -1.615% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-10%) TBT(-5%) IGOV(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.615% (StdDev 3.23%) | Hourly BBV | -0.5 () | Intraday Trend | 0% | | | |
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Resistance Level | $1653.78 | 5 Day Moving Average | $1626.25(-1.73%) | 10 Day Moving Average | $1652.66(-3.3%) | 20 Day Moving Average | $1653.78(-3.37%) | To recent high | -7.8% | To recent low | 39.6% | Market Cap | $79.443b | | | | 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. |