Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1132.4100 (-6.39%) ($1124.1400 - $1132.4100) on Thu. Jan. 13, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.69% (three month average) | RSI | 42 | Latest Price | $1132.4100(-6.39%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.5% a day on average for past five trading days. | Weekly Trend | MELI declines -7.2% 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%) IWF(73%) IPO(72%) IVW(72%) QQQ(72%) | Factors Impacting MELI price | MELI will decline at least -1.845% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-6%) TBT(-4%) USO(4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.845% (StdDev 3.69%) | Hourly BBV | -1.2 () | Intraday Trend | 0% | | | |
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Resistance Level | $1219.05 | 5 Day Moving Average | $1129.99(0.21%) | 10 Day Moving Average | $1182.12(-4.21%) | 20 Day Moving Average | $1219.05(-7.11%) | To recent high | -33.7% | To recent low | 7.3% | Market Cap | $56.292b | | | | 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. |