Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $974.8100 (4.19%) ($932.3400 - $974.8100) on Fri. Nov. 11, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.02% (three month average) | RSI | 68 | Latest Price | $974.8100(4.19%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.8% a day on average for past five trading days. | Weekly Trend | MELI advances 5.1% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Broad based rally 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 -2.01% in a week (0% probabilities). UUP(-7%) VIXM(-4%) BNDX(-3%) TBT(-2%) UNG(1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.01% (StdDev 4.02%) | Hourly BBV | 1.2 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $937.06(4.03%) | 10 Day Moving Average | $917.37(6.26%) | 20 Day Moving Average | $881.39(10.6%) | To recent high | -10% | To recent low | 28.8% | Market Cap | $48.458b | | | | 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. |