Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $872.5300 (-0.85%) ($872.5300 - $872.5300) on Tue. Dec. 13, 2022. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.98% (three month average) | RSI | 36 | Latest Price | $872.5300(-0.85%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.2% a day on average for past five trading days. | Weekly Trend | MELI declines -3.1% a week on average for past two weeks. | Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IWF(52%) QQQ(52%) IBUY(51%) IVW(50%) SPY(49%) | Factors Impacting MELI price | MELI will decline at least -1.99% in a week (0% probabilities). VWO(-7%) BNDX(-4%) XLU(-3%) XLV(-1%) VIXM(-1%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.99% (StdDev 3.98%) | Hourly BBV | -1.5 () | Intraday Trend | 0% | | | |
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Resistance Level | $921.5 | 5 Day Moving Average | $878.37(-0.66%) | 10 Day Moving Average | $893.92(-2.39%) | 20 Day Moving Average | $921.5(-5.31%) | To recent high | -14.5% | To recent low | 15.3% | Market Cap | $43.373b | | | | 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. |