Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1057.1900 (-2.58%) ($1057.1900 - $1057.1900) on Mon. Jan. 10, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.38% (three month average) | RSI | 42 | Latest Price | $1057.1900(-2.58%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -4.6% a day on average for past five trading days. | Weekly Trend | MELI declines -4.8% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Value stock sell-off 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 -1.69% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-6%) TBT(-4%) USO(4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.69% (StdDev 3.38%) | Hourly BBV | -1 () | Intraday Trend | 0% | | | |
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Resistance Level | $1224.12 | 5 Day Moving Average | $1134.12(-6.78%) | 10 Day Moving Average | $1228.44(-13.94%) | 20 Day Moving Average | $1224.12(-13.64%) | To recent high | -38.1% | To recent low | 0.1% | Market Cap | $52.553b | | | | 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. |