Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1376.8500 (4.25%) ($1376.8500 - $1376.8500) on Thu. Jun. 10, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.62% (three month average) | RSI | 49 | Latest Price | $1376.8500(4.25%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.8% a day on average for past five trading days. | Weekly Trend | MELI declines -1.6% a week on average for past two weeks. | Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(72%) IPO(71%) IWF(70%) IVW(69%) QQQ(69%) | Factors Impacting MELI price | MELI will decline at least -1.31% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-7%) TBT(-3%) IGOV(-1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.31% (StdDev 2.62%) | Hourly BBV | 1.6 () | Intraday Trend | 0% | | | |
|
1 - 5 Day Possible Target | $1328.94(-3.48%) | 5 Day Moving Average | $1331.36(3.42%) | 10 Day Moving Average | $1344.41(2.41%) | 20 Day Moving Average | $1347.52(2.18%) | To recent high | -15% | To recent low | 5.7% | Market Cap | $68.443b | | | | 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. |