Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1323.7700 (0.64%) ($1323.7700 - $1323.7700) on Wed. Dec. 29, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.04% (three month average) | RSI | 65 | Latest Price | $1323.7700(0.64%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.6% a day on average for past five trading days. | Weekly Trend | MELI advances 5% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(74%) IWF(73%) IPO(72%) IVW(72%) QQQ(72%) | Factors Impacting MELI price | MELI will decline at least -1.52% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-6%) TBT(-4%) UNG(4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.52% (StdDev 3.04%) | Hourly BBV | 0.9 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1285.46(2.98%) | 10 Day Moving Average | $1244.46(6.37%) | 20 Day Moving Average | $1196.05(10.68%) | To recent high | -22.5% | To recent low | 25.4% | Market Cap | $65.805b | | | | 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. |