Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1589.8500 (1.32%) ($1589.8500 - $1592.0700) on Thu. Dec. 7, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.9% (three month average) | RSI | 69 | Latest Price | $1589.8500(1.32%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.4% a day on average for past five trading days. | Weekly Trend | MELI advances 3.5% 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) QQQ(94%) IVE(66%) FIVG(61%) XLK(61%) BOTZ(58%) | Factors Impacting MELI price | MELI will decline at least -0.95% in a week (0% probabilities). VIXM(-48%) VXX(-29%) BLOK(-24%) UUP(-22%) URA(-13%) | | | | | 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 | $1598.68(-0.55%) | 10 Day Moving Average | $1595.19(-0.33%) | 20 Day Moving Average | $1522.04(4.46%) | To recent high | -3.8% | To recent low | 35.9% | Market Cap | $79.031b | | | | 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. |