Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1589.9000 (-0.63%) ($1579.3900 - $1606.9000) on Tue. Nov. 28, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.98% (three month average) | RSI | 77 | Latest Price | $1589.9000(-0.63%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.4% a day on average for past five trading days. | Weekly Trend | MELI advances 6.4% a week on average for past two weeks. | Market Behavior | Normal for large cap. Growth stock sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IVW(87%) EWY(45%) XLK(45%) QQQ(43%) BOTZ(41%) | Factors Impacting MELI price | MELI will decline at least -0.99% in a week (0% probabilities). EDOC(-70%) JETS(-29%) BLOK(-24%) VIXM(-20%) UUP(-17%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.99% (StdDev 1.98%) | Hourly BBV | 0.6 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1549.45(2.61%) | 10 Day Moving Average | $1505.19(5.63%) | 20 Day Moving Average | $1430.55(11.14%) | To recent high | -0.6% | To recent low | 35.9% | Market Cap | $79.034b | | | | 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. |