Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1131.0850 (5.83%) ($1131.0850 - $1131.0850) on Tue. Apr. 19, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.97% (three month average) | RSI | 37 | Latest Price | $1131.0850(5.83%) | Stocks Behave Similarly | Similar Stock List | Weekly Trend | MELI declines -5.3% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally 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 -2.485% in a week (0% probabilities). VIXM(-33%) UUP(-21%) TBT(-5%) VXX(-2%) UNG(3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.485% (StdDev 4.97%) | Hourly BBV | 1.5 () | Intraday Trend | 0% | | | |
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Resistance Level | $1174.59 | 5 Day Moving Average | $1102.44(2.6%) | 10 Day Moving Average | $1133.47(-0.21%) | 20 Day Moving Average | $1174.59(-3.7%) | To recent high | -10.6% | To recent low | 27.9% | Market Cap | $56.226b | | | | 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. |