Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1613.5400 (-0.21%) ($1613.5400 - $1613.5400) on Wed. Dec. 13, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.9% (three month average) | RSI | 66 | Latest Price | $1613.5400(-0.21%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.6% a day on average for past five trading days. | Weekly Trend | MELI advances 0.9% 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) GLD(78%) IVE(76%) XLK(72%) EWY(67%) FIVG(65%) | Factors Impacting MELI price | MELI will decline at least -0.95% in a week (0% probabilities). BLOK(-47%) UUP(-26%) TIP(-12%) URA(-11%) VIXM(-66%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.95% (StdDev 1.9%) | Hourly BBV | 0.9 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1602.96(0.66%) | 10 Day Moving Average | $1603.57(0.62%) | 20 Day Moving Average | $1564.97(3.1%) | To recent high | -2.4% | To recent low | 37.9% | Market Cap | $80.209b | | | | 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. |