Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $704.2200 (-1.41%) ($704.2200 - $704.2200) on Wed. Jul. 6, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.89% (three month average) | RSI | 62 | Latest Price | $704.2200(-1.41%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.2% a day on average for past five trading days. | Weekly Trend | MELI advances 2.4% a week on average for past two weeks. | Market Behavior | Normal for large cap. Value stock sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IBUY(64%) IWF(64%) QQQ(64%) IVW(63%) IPO(62%) | Factors Impacting MELI price | MELI will decline at least -2.945% in a week (0% probabilities). UUP(-20%) VIXM(-18%) TBT(-7%) EDOC(-2%) VXX(1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.945% (StdDev 5.89%) | Hourly BBV | 1 () | Intraday Trend | 0% | | | |
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1 - 5 Day Possible Target | $692.99(-1.59%) | 5 Day Moving Average | $675.11(4.31%) | 10 Day Moving Average | $687.02(2.5%) | 20 Day Moving Average | $688.32(2.31%) | To recent high | -40% | To recent low | 14.8% | Market Cap | $35.007b | | | | 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. |