Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1291.5000 (1.08%) ($1291.5000 - $1291.5000) on Mon. May. 1, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.06% (three month average) | RSI | 51 | Latest Price | $1291.5000(1.08%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.3% a day on average for past five trading days. | Weekly Trend | MELI declines -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) QQQ(52%) VUG(52%) IWF(51%) XLY(51%) IVW(50%) | Factors Impacting MELI price | MELI will decline at least -1.03% in a week (0% probabilities). VXX(-42%) VIXM(-40%) UUP(-14%) TBT(-10%) BNDX(-3%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.03% (StdDev 2.06%) | Hourly BBV | 1.5 () | Intraday Trend | 0% | | | |
|
5 Day Moving Average | $1255.74(2.85%) | 10 Day Moving Average | $1274.89(1.3%) | 20 Day Moving Average | $1278.25(1.04%) | To recent high | -2.3% | To recent low | 17.5% | Market Cap | $64.2b | | | | 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. |