Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1405.1900 (-1.79%) ($1400.1700 - $1405.1900) on Tue. Jun. 15, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.35% (three month average) | RSI | 57 | Latest Price | $1405.1900(-1.79%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.4% a day on average for past five trading days. | Weekly Trend | MELI advances 0.7% 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(72%) IPO(71%) IWF(70%) IVW(69%) ONLN(69%) | Factors Impacting MELI price | MELI will decline at least -1.175% 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 | -1.175% (StdDev 2.35%) | Hourly BBV | -0.3 () | Intraday Trend | 0% | | | |
|
5 Day Moving Average | $1384.81(1.47%) | 10 Day Moving Average | $1359.08(3.39%) | 20 Day Moving Average | $1361(3.25%) | To recent high | -13.3% | To recent low | 7.9% | Market Cap | $69.852b | | | | 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. |