Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $956.1150 (-0.66%) ($956.1150 - $956.1150) on Tue. Nov. 22, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.97% (three month average) | RSI | 66 | Latest Price | $956.1150(-0.66%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -1.3% a day on average for past five trading days. | Weekly Trend | MELI advances 2.5% 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) IWF(54%) QQQ(54%) IBUY(53%) IVW(52%) SPY(51%) | Factors Impacting MELI price | MELI will decline at least -1.985% in a week (0% probabilities). BNDX(-4%) VWO(-3%) VIXM(-2%) TBT(-2%) UUP(0%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.985% (StdDev 3.97%) | Hourly BBV | 0.7 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $956.86(-0.08%) | 10 Day Moving Average | $957.77(-0.17%) | 20 Day Moving Average | $926.17(3.23%) | To recent high | -6.3% | To recent low | 26.3% | Market Cap | $47.528b | | | | 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. |