Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1099.3000 (-1.88%) ($1099.3000 - $1099.3000) on Fri. Feb. 17, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.86% (three month average) | RSI | 41 | Latest Price | $1099.3000(-1.88%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.2% a day on average for past five trading days. | Weekly Trend | MELI declines -3% 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(54%) VUG(54%) XLY(54%) QQQ(53%) IVW(51%) | Factors Impacting MELI price | MELI will decline at least -1.43% in a week (0% probabilities). VIXM(-41%) UUP(-10%) BNDX(-10%) SHY(-8%) VXX(-7%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.43% (StdDev 2.86%) | Hourly BBV | -1.2 () | Intraday Trend | 0% | | | |
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Resistance Level | $1155.14 | 5 Day Moving Average | $1124.38(-2.23%) | 10 Day Moving Average | $1138.1(-3.41%) | 20 Day Moving Average | $1155.14(-4.83%) | To recent high | -10% | To recent low | 32.4% | Market Cap | $54.646b | | | | 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. |