Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $659.7600 (-7.08%) ($654.6600 - $659.7600) on Mon. Jul. 11, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.95% (three month average) | RSI | 56 | Latest Price | $659.7600(-7.08%) | Stocks Behave Similarly | Similar Stock List | Weekly Trend | MELI advances 1.6% 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(63%) IWF(63%) QQQ(63%) IVW(62%) IPO(61%) | Factors Impacting MELI price | MELI will decline at least -2.975% in a week (0% probabilities). UUP(-20%) VIXM(-17%) TBT(-8%) VXX(1%) UNG(4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.975% (StdDev 5.95%) | Hourly BBV | -1.5 () | Intraday Trend | 0% | | | |
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Resistance Level | $675.19 | 5 Day Moving Average | $701.98(-6.01%) | 10 Day Moving Average | $685.34(-3.73%) | 20 Day Moving Average | $675.19(-2.29%) | To recent high | -41.9% | To recent low | 7.5% | Market Cap | $32.797b | | | | 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. |