Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $723.7500 (4.71%) ($723.7500 - $725.5500) on Tue. Jul. 19, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.87% (three month average) | RSI | 61 | Latest Price | $723.7500(4.71%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2% a day on average for past five trading days. | Weekly Trend | MELI advances 1.1% 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 -2.935% in a week (0% probabilities). UUP(-22%) VIXM(-17%) TBT(-7%) VXX(1%) EDOC(3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.935% (StdDev 5.87%) | Hourly BBV | 1.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $683.48(5.89%) | 10 Day Moving Average | $686.81(5.38%) | 20 Day Moving Average | $684.8(5.69%) | To recent high | -36% | To recent low | 17.9% | Market Cap | $35.978b | | | | 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. |