Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1207.0100 (3.24%) ($1207.0100 - $1207.0100) on Wed. Dec. 8, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.98% (three month average) | RSI | 28 | Latest Price | $1207.0100(3.24%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.8% a day on average for past five trading days. | Weekly Trend | MELI declines -9.4% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(74%) IPO(73%) IWF(72%) QQQ(72%) IVW(71%) | Factors Impacting MELI price | MELI will decline at least -1.49% in a week (0% probabilities). VIXM(-40%) 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 | -1.49% (StdDev 2.98%) | Hourly BBV | 1 () | Intraday Trend | 0% | | | |
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Resistance Level | $1319.36 | 5 Day Moving Average | $1134.26(6.41%) | 10 Day Moving Average | $1170.37(3.13%) | 20 Day Moving Average | $1319.36(-8.52%) | To recent high | -36.6% | To recent low | 14.3% | Market Cap | $60b | | | | 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. |