Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1211.1900 (0.91%) ($1211.1900 - $1211.1900) on Wed. Jun. 21, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.12% (three month average) | RSI | 43 | Latest Price | $1211.1900(0.91%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.4% a day on average for past five trading days. | Weekly Trend | MELI declines -2.2% a week on average for past two weeks. | Market Behavior | Broad based sell-off for large cap. Normal 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 -1.06% in a week (0% probabilities). VXX(-37%) VIXM(-37%) UUP(-14%) TBT(-14%) EDOC(-3%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.06% (StdDev 2.12%) | Hourly BBV | 1.1 () | Intraday Trend | 0% | | | |
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Resistance Level | $1244.05 | 5 Day Moving Average | $1207.72(0.29%) | 10 Day Moving Average | $1214.93(-0.31%) | 20 Day Moving Average | $1244.05(-2.64%) | To recent high | -9.5% | To recent low | 2.3% | Market Cap | $60.208b | | | | 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. |