Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $626.5900 (-9.87%) ($626.5900 - $626.5900) on Mon. Jun. 13, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.83% (three month average) | RSI | 40 | Latest Price | $626.5900(-9.87%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -4.6% a day on average for past five trading days. | Weekly Trend | MELI declines -1.4% 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(67%) IVW(67%) IWF(67%) QQQ(67%) IPO(65%) | Factors Impacting MELI price | MELI will decline at least -2.915% in a week (0% probabilities). VIXM(-25%) UUP(-21%) TBT(-9%) VXX(-0%) UNG(4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.915% (StdDev 5.83%) | Hourly BBV | -1.2 () | Intraday Trend | 0% | | | |
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Resistance Level | $771.07 | 5 Day Moving Average | $744.03(-15.78%) | 10 Day Moving Average | $767.67(-18.38%) | 20 Day Moving Average | $771.07(-18.74%) | To recent high | -50.4% | To recent low | 0% | Market Cap | $31.148b | | | | 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. |