Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1223.8250 (5%) ($1223.8250 - $1223.8250) on Mon. Mar. 28, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.3% (three month average) | RSI | 73 | Latest Price | $1223.8250(5%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.2% a day on average for past five trading days. | Weekly Trend | MELI advances 14% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(73%) IWF(71%) QQQ(71%) IPO(70%) IVW(70%) | Factors Impacting MELI price | MELI will decline at least -2.65% in a week (0% probabilities). VIXM(-34%) UUP(-21%) TBT(-6%) VXX(-3%) EDOC(-1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.65% (StdDev 5.3%) | Hourly BBV | 1.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1209.77(1.16%) | 10 Day Moving Average | $1159.89(5.51%) | 20 Day Moving Average | $1081.22(13.19%) | To recent high | -9.8% | To recent low | 38.4% | Market Cap | $60.836b | | | | 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. |