Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1939.9400 (-0.23%) ($1925.3050 - $1939.9400) on Tue. Feb. 16, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.73% (three month average) | RSI | 61 | Latest Price | $1939.9400(-0.23%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.4% a day on average for past five trading days. | Weekly Trend | MELI advances 2.9% a week on average for past two weeks. | Market Behavior | Growth stock sell-off for large cap. Growth stock sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(73%) IPO(72%) IWF(71%) ONLN(70%) QQQ(70%) | Factors Impacting MELI price | MELI will decline at least -1.365% in a week (0% probabilities). VIXM(-39%) UUP(-22%) VXX(-9%) TBT(-5%) IGOV(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.365% (StdDev 2.73%) | Hourly BBV | 0.2 () | Intraday Trend | 0% | | | |
|
5 Day Moving Average | $1921.45(0.96%) | 10 Day Moving Average | $1910.48(1.54%) | 20 Day Moving Average | $1892.02(2.53%) | To recent high | -2.2% | To recent low | 51% | Market Cap | $96.434b | | | | 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. |