Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1605.1550 (0.13%) ($1605.1550 - $1626.7100) on Fri. Dec. 15, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.9% (three month average) | RSI | 51 | Latest Price | $1605.1550(0.13%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI advances 0.3% a day on average for past five trading days. | Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. | Correlated ETFs | Broad market will support MELI advance at 0% a week (0% probability) IVE(76%) XLK(65%) FIVG(61%) XLP(58%) VUG(56%) | Factors Impacting MELI price | MELI will decline at least -0.95% in a week (0% probabilities). BLOK(-40%) TIP(-36%) VIXM(-58%) VXX(-49%) TLT(-34%) | 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 | 0.4 () | Intraday Trend | 0% | | | |
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5 Day Moving Average | $1610.91(-0.36%) | 10 Day Moving Average | $1597.94(0.45%) | 20 Day Moving Average | $1578.87(1.66%) | To recent high | -2.9% | To recent low | 37.2% | Market Cap | $79.792b | | | | 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. |