Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1213.1100 (-4.47%) ($1213.1100 - $1213.1100) on Thu. May. 4, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.13% (three month average) | RSI | 35 | Latest Price | $1213.1100(-4.47%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.5% a day on average for past five trading days. | Weekly Trend | MELI declines -1.7% 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) QQQ(52%) VUG(52%) IWF(51%) IVW(50%) SKYY(50%) | Factors Impacting MELI price | MELI will decline at least -1.065% in a week (0% probabilities). VXX(-42%) VIXM(-40%) EDOC(-18%) UUP(-14%) TBT(-11%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.065% (StdDev 2.13%) | Hourly BBV | -2.4 () | Intraday Trend | 0% | | | |
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Resistance Level | $1271.59 | 5 Day Moving Average | $1261.81(-3.86%) | 10 Day Moving Average | $1257.18(-3.51%) | 20 Day Moving Average | $1271.59(-4.6%) | To recent high | -8.3% | To recent low | 10.4% | Market Cap | $60.304b | | | | 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. |