Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $837.6200 (3.01%) ($837.6200 - $837.6200) on Tue. Aug. 2, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 5.88% (three month average) | RSI | 81 | Latest Price | $837.6200(3.01%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 2.8% a day on average for past five trading days. | Weekly Trend | MELI advances 8.7% a week on average for past two weeks. | Market Behavior | Value stocks sell-off for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IVW(62%) IWF(62%) QQQ(62%) IBUY(61%) SPY(60%) | Factors Impacting MELI price | MELI will decline at least -2.94% in a week (0% probabilities). UUP(-21%) VIXM(-16%) TBT(-8%) EDOC(-1%) VXX(1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.94% (StdDev 5.88%) | Hourly BBV | 1.8 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $812.27(3.12%) | 10 Day Moving Average | $789.3(6.12%) | 20 Day Moving Average | $740.58(13.1%) | To recent high | -17.9% | To recent low | 36.5% | Market Cap | $41.638b | | | | 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. |