Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1480.5100 (-2.32%) ($1477.5000 - $1480.5100) on Fri. Oct. 29, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.89% (three month average) | RSI | 56 | Latest Price | $1480.5100(-2.32%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.3% a day on average for past five trading days. | Market Behavior | Rotation from value to growth for large cap. Normal 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 -1.445% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-7%) TBT(-3%) TLT(2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.445% (StdDev 2.89%) | Hourly BBV | -1.9 () | Intraday Trend | 0% | | | |
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Resistance Level | $1537.14 | 5 Day Moving Average | $1514.98(-2.28%) | 10 Day Moving Average | $1541.95(-3.98%) | 20 Day Moving Average | $1537.14(-3.68%) | To recent high | -24.2% | To recent low | 1.4% | Market Cap | $73.596b | | | | 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. |