Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1118.6700 (2.53%) ($1118.6700 - $1118.6700) on Mon. Feb. 14, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.08% (three month average) | RSI | 63 | Latest Price | $1118.6700(2.53%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.5% a day on average for past five trading days. | Weekly Trend | MELI advances 3.5% 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 -2.04% in a week (0% probabilities). VIXM(-37%) UUP(-22%) VXX(-4%) TBT(-4%) USO(3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.04% (StdDev 4.08%) | Hourly BBV | -0 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1103.41(1.38%) | 10 Day Moving Average | $1081.67(3.42%) | 20 Day Moving Average | $1065.7(4.97%) | To recent high | -31.5% | To recent low | 14.2% | Market Cap | $55.609b | | | | 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. |