Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $824.3150 (2.41%) ($824.3150 - $824.3150) on Tue. Jun. 7, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.69% (three month average) | RSI | 50 | Latest Price | $824.3150(2.41%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1% a day on average for past five trading days. | Weekly Trend | MELI advances 1.4% 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(68%) IVW(68%) IWF(68%) QQQ(68%) IPO(66%) | Factors Impacting MELI price | MELI will decline at least -2.845% in a week (0% probabilities). VIXM(-25%) UUP(-22%) TBT(-10%) VXX(-1%) UNG(3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.845% (StdDev 5.69%) | Hourly BBV | 1.7 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $803.85(2.55%) | 10 Day Moving Average | $784.15(5.12%) | 20 Day Moving Average | $776.67(6.13%) | To recent high | -34.8% | To recent low | 21.3% | Market Cap | $40.977b | | | | 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. |