Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1509.4700 (-2.62%) ($1507.8800 - $1509.4700) on Fri. Oct. 8, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.82% (three month average) | RSI | 17 | Latest Price | $1509.4700(-2.62%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -2% a day on average for past five trading days. | Weekly Trend | MELI declines -8.5% 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(74%) IPO(72%) IWF(71%) QQQ(71%) IVW(70%) | Factors Impacting MELI price | MELI will decline at least -1.41% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-7%) TBT(-3%) TLT(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.41% (StdDev 2.82%) | Hourly BBV | -2 () | Intraday Trend | 0% | | | |
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Resistance Level | $1735.2 | 5 Day Moving Average | $1557.06(-3.06%) | 10 Day Moving Average | $1619.72(-6.81%) | 20 Day Moving Average | $1735.2(-13.01%) | To recent high | -22.7% | To recent low | 0.9% | Market Cap | $75.036b | | | | 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. |