Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1153.1700 (1.52%) ($1153.1700 - $1153.1700) on Fri. Feb. 24, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.83% (three month average) | RSI | 41 | Latest Price | $1153.1700(1.52%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.6% a day on average for past five trading days. | Weekly Trend | MELI declines -1.9% 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%) VUG(54%) XLY(54%) QQQ(53%) IVW(52%) | Factors Impacting MELI price | MELI will decline at least -1.415% in a week (0% probabilities). VIXM(-40%) UUP(-10%) BNDX(-10%) SHY(-8%) VXX(-7%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.415% (StdDev 2.83%) | Hourly BBV | 1.7 () | Intraday Trend | 0% | | | |
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Resistance Level | $1153.41 | 5 Day Moving Average | $1122.81(2.7%) | 10 Day Moving Average | $1124.88(2.51%) | 20 Day Moving Average | $1153.41(-0.02%) | To recent high | -5.6% | To recent low | 38.9% | Market Cap | $57.324b | | | | 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. |