Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1569.0600 (-0.91%) ($1564.1550 - $1569.0600) on Wed. Dec. 6, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.9% (three month average) | RSI | 70 | Latest Price | $1569.0600(-0.91%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.5% a day on average for past five trading days. | Weekly Trend | MELI advances 4.4% 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) SPY(65%) QQQ(54%) EWY(46%) XLK(46%) BOTZ(43%) | Factors Impacting MELI price | MELI will decline at least -0.95% in a week (0% probabilities). BLOK(-26%) VIXM(-24%) UUP(-19%) URA(-12%) JETS(-30%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.95% (StdDev 1.9%) | Hourly BBV | -1.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1604.65(-2.22%) | 10 Day Moving Average | $1589.69(-1.3%) | 20 Day Moving Average | $1511.27(3.82%) | To recent high | -5.1% | To recent low | 34.1% | Market Cap | $77.998b | | | | 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. |