Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1014.9000 (-6.04%) ($1010.9150 - $1014.9000) on Thu. Apr. 21, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.03% (three month average) | RSI | 35 | Latest Price | $1014.9000(-6.04%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -2.2% a day on average for past five trading days. | Weekly Trend | MELI declines -6% 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(72%) IWF(71%) QQQ(71%) IPO(70%) IVW(70%) | Factors Impacting MELI price | MELI will decline at least -2.515% in a week (0% probabilities). VIXM(-33%) UUP(-21%) TBT(-5%) VXX(-2%) UNG(4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.515% (StdDev 5.03%) | Hourly BBV | -2.1 () | Intraday Trend | 0% | | | |
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Resistance Level | $1157.23 | 5 Day Moving Average | $1071.41(-5.27%) | 10 Day Moving Average | $1104.59(-8.12%) | 20 Day Moving Average | $1157.23(-12.3%) | To recent high | -19.7% | To recent low | 14.8% | Market Cap | $50.451b | | | | 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. |