Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $837.6400 (0.8%) ($837.6400 - $837.6400) on Thu. Oct. 27, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.32% (three month average) | RSI | 45 | Latest Price | $837.6400(0.8%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.4% a day on average for past five trading days. | Weekly Trend | MELI declines -0.2% a week on average for past two weeks. | Market Behavior | Growth stock sell-off for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IWF(55%) QQQ(55%) IBUY(54%) IVW(53%) SPY(53%) | Factors Impacting MELI price | MELI will decline at least -2.16% in a week (0% probabilities). UUP(-7%) VIXM(-5%) TBT(-3%) BNDX(-3%) UNG(2%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.16% (StdDev 4.32%) | Hourly BBV | -1.3 () | Intraday Trend | 0% | | | |
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Resistance Level | $850.9 | 5 Day Moving Average | $840.2(-0.3%) | 10 Day Moving Average | $830.24(0.89%) | 20 Day Moving Average | $850.9(-1.56%) | To recent high | -22.6% | To recent low | 10.7% | Market Cap | $41.639b | | | | 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. |