Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $930.6800 (-4.04%) ($930.6800 - $930.6800) on Thu. Nov. 17, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.07% (three month average) | RSI | 57 | Latest Price | $930.6800(-4.04%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.1% a day on average for past five trading days. | Weekly Trend | MELI advances 4.8% a week on average for past two weeks. | Market Behavior | Normal for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(55%) IBUY(54%) IWF(54%) IVW(52%) SPY(52%) | Factors Impacting MELI price | MELI will decline at least -2.035% in a week (0% probabilities). UUP(-4%) TBT(-4%) VIXM(-3%) BNDX(-3%) UNG(1%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.035% (StdDev 4.07%) | Hourly BBV | -1.3 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $971.14(-4.17%) | 10 Day Moving Average | $951.28(-2.17%) | 20 Day Moving Average | $909.02(2.38%) | To recent high | -8.8% | To recent low | 22.9% | Market Cap | $46.264b | | | | 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. |