Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1188.4700 (-1.59%) ($1188.2800 - $1188.4700) on Thu. Mar. 31, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.33% (three month average) | RSI | 78 | Latest Price | $1188.4700(-1.59%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.8% a day on average for past five trading days. | Weekly Trend | MELI advances 9.3% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -2.665% in a week (0% probabilities). VIXM(-34%) UUP(-21%) TBT(-6%) VXX(-3%) UNG(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.665% (StdDev 5.33%) | Hourly BBV | -1.3 () | Intraday Trend | 0% | | | |
|
5 Day Moving Average | $1208.18(-1.63%) | 10 Day Moving Average | $1204.08(-1.3%) | 20 Day Moving Average | $1098.48(8.19%) | To recent high | -11.9% | To recent low | 34.4% | Market Cap | $59.079b | | | | 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. |