Trading Signals: MELI Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)(MercadoLibre Inc)
| MELI latest price $1585.1250 (-0.53%) ($1585.1250 - $1598.8250) on Fri. Dec. 22, 2023. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 1.83% (three month average) | RSI | 48 | Latest Price | $1585.1250(-0.53%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | MELI declines -0.3% a day on average for past five trading days. | Weekly Trend | MELI advances 0.6% a week on average for past two weeks. | Market Behavior | Value stock 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(86%) VUG(80%) IWF(77%) JETS(77%) GDX(74%) | Factors Impacting MELI price | MELI will decline at least -0.915% in a week (0% probabilities). VXX(-83%) VIXM(-77%) TLT(-74%) UUP(-39%) TIP(-34%) | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -0.915% (StdDev 1.83%) | Hourly BBV | 0 () | Intraday Trend | 0% | | | |
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Resistance Level | $1603.53 | 5 Day Moving Average | $1604.91(-1.23%) | 10 Day Moving Average | $1607.44(-1.39%) | 20 Day Moving Average | $1603.53(-1.15%) | To recent high | -4.1% | To recent low | 35.5% | Market Cap | $78.796b | | | | 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. |