Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1200.2500 (0.47%) ($1200.2500 - $1200.2500) on Tue. Jun. 20, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.16% (three month average) | RSI | 35 | Latest Price | $1200.2500(0.47%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.1% 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 | Value stocks sell-off for large cap. Value stock sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(51%) VUG(51%) XLY(51%) IWF(49%) IVW(48%) | Factors Impacting MELI price | MELI will decline at least -1.08% in a week (0% probabilities). VXX(-37%) VIXM(-37%) UUP(-14%) TBT(-14%) EDOC(-3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.08% (StdDev 2.16%) | Hourly BBV | -0.7 () | Intraday Trend | 0% | | | |
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Resistance Level | $1248.74 | 5 Day Moving Average | $1212.72(-1.03%) | 10 Day Moving Average | $1221.94(-1.78%) | 20 Day Moving Average | $1248.74(-3.88%) | To recent high | -10.3% | To recent low | 1.5% | Market Cap | $59.664b | | | | 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. |