Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $952.0200 (-1.03%) ($952.0200 - $952.0200) on Fri. Nov. 25, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.99% (three month average) | RSI | 53 | Latest Price | $952.0200(-1.03%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.5% a day on average for past five trading days. | Weekly Trend | MELI advances 1.4% a week on average for past two weeks. | Market Behavior | Normal for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IWF(53%) QQQ(53%) IBUY(52%) IVW(52%) SPY(51%) | Factors Impacting MELI price | MELI will decline at least -1.995% in a week (0% probabilities). VWO(-5%) BNDX(-5%) VIXM(-2%) UNG(-1%) TBT(-1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.995% (StdDev 3.99%) | Hourly BBV | 0 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $959.54(-0.78%) | 10 Day Moving Average | $964.79(-1.32%) | 20 Day Moving Average | $937.68(1.53%) | To recent high | -6.7% | To recent low | 25.8% | Market Cap | $47.325b | | | | 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. |