Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $882.3800 (-6.76%) ($876.9350 - $882.3800) on Mon. Dec. 5, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 4.13% (three month average) | RSI | 43 | Latest Price | $882.3800(-6.76%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.9% a day on average for past five trading days. | Weekly Trend | MELI declines -2.8% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IWF(54%) QQQ(53%) IVW(52%) IBUY(51%) SPY(51%) | Factors Impacting MELI price | MELI will decline at least -2.065% in a week (0% probabilities). VWO(-6%) BNDX(-3%) VIXM(-2%) TBT(-2%) XLU(-0%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -2.065% (StdDev 4.13%) | Hourly BBV | -2.4 () | Intraday Trend | 0% | | | |
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Resistance Level | $942.71 | 5 Day Moving Average | $916.19(-3.69%) | 10 Day Moving Average | $932.39(-5.36%) | 20 Day Moving Average | $942.71(-6.4%) | To recent high | -13.5% | To recent low | 16.6% | Market Cap | $43.863b | | | | 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. |