Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $688.2200 (4.77%) ($688.2200 - $698.8800) on Fri. Jul. 15, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.89% (three month average) | RSI | 42 | Latest Price | $688.2200(4.77%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.7% a day on average for past five trading days. | Weekly Trend | MELI declines -1.6% 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(63%) IWF(63%) QQQ(63%) IVW(62%) IPO(61%) | Factors Impacting MELI price | MELI will decline at least -2.945% in a week (0% probabilities). UUP(-22%) VIXM(-17%) TBT(-7%) VXX(1%) UNG(4%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.945% (StdDev 5.89%) | Hourly BBV | 1.7 () | Intraday Trend | 0% | | | |
|
5 Day Moving Average | $663.79(3.68%) | 10 Day Moving Average | $682.13(0.89%) | 20 Day Moving Average | $676.89(1.67%) | To recent high | -39.2% | To recent low | 12.2% | Market Cap | $34.211b | | | | 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. |