Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $787.9000 (-0.75%) ($764.5200 - $787.9000) on Mon. May. 16, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.79% (three month average) | RSI | 34 | Latest Price | $787.9000(-0.75%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.4% a day on average for past five trading days. | Weekly Trend | MELI declines -13.7% a week on average for past two weeks. | Market Behavior | Growth stock sell-off 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%) IPO(70%) IVW(70%) IWF(70%) IWO(69%) | Factors Impacting MELI price | MELI will decline at least -2.895% in a week (0% probabilities). VIXM(-29%) UUP(-22%) TBT(-3%) VXX(-1%) TLT(3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.895% (StdDev 5.79%) | Hourly BBV | 0.6 () | Intraday Trend | 0% | | | |
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Resistance Level | $927.23 | 5 Day Moving Average | $751.1(4.9%) | 10 Day Moving Average | $832.72(-5.38%) | 20 Day Moving Average | $927.23(-15.03%) | To recent high | -37.7% | To recent low | 15.9% | Market Cap | $39.166b | | | | 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. |