Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1619.7050 (0.56%) ($1574.3300 - $1619.7050) on Thu. Nov. 30, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.88% (three month average) | RSI | 91 | Latest Price | $1619.7050(0.56%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 1.2% 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 | Value stock rally for large cap. Normal for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IVW(87%) EWJ(42%) EWY(40%) XLK(40%) QQQ(39%) | Factors Impacting MELI price | MELI will decline at least -0.94% in a week (0% probabilities). JETS(-32%) BLOK(-27%) VIXM(-22%) UUP(-17%) ACES(-15%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.94% (StdDev 1.88%) | Hourly BBV | 1.5 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1591.19(1.79%) | 10 Day Moving Average | $1541.12(5.1%) | 20 Day Moving Average | $1464.63(10.59%) | To recent high | 0% | To recent low | 38.4% | Market Cap | $80.515b | | | | 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. |