Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1593.6500 (-0.21%) ($1593.6500 - $1623.5100) on Thu. Dec. 21, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.83% (three month average) | RSI | 37 | Latest Price | $1593.6500(-0.21%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.1% a day on average for past five trading days. | Weekly Trend | MELI advances 0.3% 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) DIA(95%) JETS(95%) VUG(81%) IWF(77%) XLC(73%) | Factors Impacting MELI price | MELI will decline at least -0.915% in a week (0% probabilities). VXX(-93%) VIXM(-83%) TLT(-58%) UUP(-40%) TIP(-35%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.915% (StdDev 1.83%) | Hourly BBV | -1.5 () | Intraday Trend | 0% | | | |
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Resistance Level | $1601.53 | 5 Day Moving Average | $1608.91(-0.95%) | 10 Day Moving Average | $1607.36(-0.85%) | 20 Day Moving Average | $1601.53(-0.49%) | To recent high | -3.6% | To recent low | 36.2% | Market Cap | $79.22b | | | | 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. |