Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1596.9700 (-2.01%) ($1596.4900 - $1643.6000) on Wed. Dec. 20, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.87% (three month average) | RSI | 46 | Latest Price | $1596.9700(-2.01%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.2% a day on average for past five trading days. | Weekly Trend | MELI advances 0.2% a week on average for past two weeks. | Market Behavior | Broad based 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(83%) XLK(65%) DIA(59%) MCHI(56%) XLP(56%) | Factors Impacting MELI price | MELI will decline at least -0.935% in a week (0% probabilities). VXX(-68%) VIXM(-67%) TIP(-40%) TLT(-32%) IGOV(-29%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.935% (StdDev 1.87%) | Hourly BBV | -2.9 () | Intraday Trend | 0% | | | |
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Resistance Level | $1598.65 | 5 Day Moving Average | $1610.8(-0.86%) | 10 Day Moving Average | $1607.31(-0.64%) | 20 Day Moving Average | $1598.65(-0.11%) | To recent high | -3.4% | To recent low | 36.5% | Market Cap | $79.385b | | | | 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. |