Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1068.7600 (0.62%) ($1068.7600 - $1068.7600) on Mon. Apr. 18, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.95% (three month average) | RSI | 34 | Latest Price | $1068.7600(0.62%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.6% a day on average for past five trading days. | Weekly Trend | MELI declines -5.1% a week on average for past two weeks. | Market Behavior | Normal 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(72%) IWF(71%) QQQ(71%) IPO(70%) IVW(70%) | Factors Impacting MELI price | MELI will decline at least -2.475% in a week (0% probabilities). VIXM(-33%) UUP(-21%) TBT(-5%) VXX(-2%) UNG(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.475% (StdDev 4.95%) | Hourly BBV | -0.6 () | Intraday Trend | 0% | | | |
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Resistance Level | $1176.12 | 5 Day Moving Average | $1102.04(-3.02%) | 10 Day Moving Average | $1145.59(-6.71%) | 20 Day Moving Average | $1176.12(-9.13%) | To recent high | -15.5% | To recent low | 20.9% | Market Cap | $53.128b | | | | 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. |