Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1155.1600 (-5.86%) ($1154.5000 - $1239.3900) on Mon. Jun. 26, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.24% (three month average) | RSI | 33 | Latest Price | $1155.1600(-5.86%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.7% a day on average for past five trading days. | Weekly Trend | MELI declines -1.5% a week on average for past two weeks. | Market Behavior | Growth stock sell-off for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) QQQ(52%) VUG(51%) XLY(51%) IWF(49%) SKYY(49%) | Factors Impacting MELI price | MELI will decline at least -1.12% in a week (0% probabilities). VXX(-39%) VIXM(-37%) UUP(-14%) TBT(-13%) EDOC(-2%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.12% (StdDev 2.24%) | Hourly BBV | -2 () | Intraday Trend | 0% | | | |
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Resistance Level | $1229.61 | 5 Day Moving Average | $1206.4(-4.25%) | 10 Day Moving Average | $1209.85(-4.52%) | 20 Day Moving Average | $1229.61(-6.05%) | To recent high | -13.7% | To recent low | 0% | Market Cap | $57.423b | | | | 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. |