Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1166.0100 (-4.17%) ($1166.0100 - $1166.0100) on Wed. Apr. 6, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.19% (three month average) | RSI | 54 | Latest Price | $1166.0100(-4.17%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.7% a day on average for past five trading days. | Weekly Trend | MELI advances 1.1% a week on average for past two weeks. | Market Behavior | Growth stock 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(72%) IVW(71%) IWF(71%) QQQ(71%) IPO(70%) | Factors Impacting MELI price | MELI will decline at least -2.595% in a week (0% probabilities). VIXM(-34%) UUP(-21%) TBT(-6%) EDOC(-5%) VXX(-2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.595% (StdDev 5.19%) | Hourly BBV | -1 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1211.98(-3.79%) | 10 Day Moving Average | $1214.53(-3.99%) | 20 Day Moving Average | $1145.64(1.78%) | To recent high | -7.8% | To recent low | 31.9% | Market Cap | $57.962b | | | | 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. |