Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1446.8300 (-1.56%) ($1444.5150 - $1446.8300) on Fri. Nov. 17, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.94% (three month average) | RSI | 81 | Latest Price | $1446.8300(-1.56%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1% a day on average for past five trading days. | Weekly Trend | MELI advances 5.1% a week on average for past two weeks. | Market Behavior | Normal for large cap. Broad based rally for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IVW(62%) EWY(61%) SMH(58%) SPY(58%) QQQ(57%) | Factors Impacting MELI price | MELI will decline at least -0.97% in a week (0% probabilities). UUP(-21%) BLOK(-18%) VXX(-17%) TBT(-17%) VIXM(-8%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.97% (StdDev 1.94%) | Hourly BBV | -0.8 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1433.79(0.91%) | 10 Day Moving Average | $1403.17(3.11%) | 20 Day Moving Average | $1329.06(8.86%) | To recent high | -1.6% | To recent low | 23.6% | Market Cap | $71.922b | | | | 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. |