Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1374.2800 (2.42%) ($1337.2200 - $1374.2800) on Fri. Nov. 10, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 2.07% (three month average) | RSI | 75 | Latest Price | $1374.2800(2.42%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.2% a day on average for past five trading days. | Weekly Trend | MELI advances 6.9% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) SMH(70%) QQQ(63%) IVW(62%) SPY(59%) XLK(59%) | Factors Impacting MELI price | MELI will decline at least -1.035% in a week (0% probabilities). TBT(-27%) VXX(-24%) UUP(-22%) VIXM(-19%) BLOK(-10%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.035% (StdDev 2.07%) | Hourly BBV | 1.2 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1368.37(0.43%) | 10 Day Moving Average | $1335.65(2.89%) | 20 Day Moving Average | $1270.41(8.18%) | To recent high | -4.4% | To recent low | 17.4% | Market Cap | $68.315b | | | | 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. |