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MELI
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
80.86B

MELI MercadoLibre Forecast, Technical & Fundamental Analysis

a providesr of internet trading services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MELI with price predictions
07:00 PM EST Nov 27, 2023

Aroon Indicator for MELI shows an upward move is likely

MELI's Aroon Indicator triggered a bullish signal on November 28, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 306 similar instances where the Aroon Indicator showed a similar pattern. In of the 306 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 30, 2023. You may want to consider a long position or call options on MELI as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MELI just turned positive on October 30, 2023. Looking at past instances where MELI's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

MELI moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MELI crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MELI advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MELI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MELI broke above its upper Bollinger Band on November 27, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MELI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (29.499) is normal, around the industry mean (17.781). P/E Ratio (81.301) is within average values for comparable stocks, (70.392). Projected Growth (PEG Ratio) (0.870) is also within normal values, averaging (2.624). Dividend Yield (0.000) settles around the average of (0.036) among similar stocks. P/S Ratio (6.120) is also within normal values, averaging (4.242).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Amazon.com (NASDAQ:AMZN), Alibaba Group Holding Limited (NYSE:BABA), PDD Holdings (NASDAQ:PDD), JD.com (NASDAQ:JD), eBay (NASDAQ:EBAY), Vipshop Holdings Limited (NYSE:VIPS), Chewy (NYSE:CHWY), Wayfair (NYSE:W), Just Eat Takeaway.com N.V. (OTC:JTKWY), Revolve Group (NYSE:RVLV).

Industry description

The internet retail industry includes companies that sell products and services through the Internet. With more and more consumers using online retailers, the companies have seen a big increase in the use of their services. Some of the companies in the group are focused on selling business-to-business products and services. Others sell business-to-consumer products and services. Internet retailers offer a wide variety of products like books, apparel, and electronics. Some companies even specialize in only one or two categories. One potentially critical factor for players to thrive in this space is the quality and speed of product delivery. This requires an investment in efficient distribution networks. Things like logistics are important factors in the success in the extremely competitive industry. For a company to stay relevant in the industry it must have effective pricing strategies and upgraded websites. The websites must be easy to navigate and engaging for customers. In addition to the revenues generated from straight sales, internet retailers can generate revenue from subscription fees and advertising. Amazon.com, Inc., Alibaba Group, and JD.com are some of the global leaders.

Market Cap

The average market capitalization across the Internet Retail Industry is 30.51B. The market cap for tickers in the group ranges from 30 to 1.53T. AMZN holds the highest valuation in this group at 1.53T. The lowest valued company is YUKA at 30.

High and low price notable news

The average weekly price growth across all stocks in the Internet Retail Industry was 1%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was 31%. QRTEA experienced the highest price growth at 34%, while BZUN experienced the biggest fall at -15%.

Volume

The average weekly volume growth across all stocks in the Internet Retail Industry was 47%. For the same stocks of the Industry, the average monthly volume growth was 13% and the average quarterly volume growth was 19%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 63
P/E Growth Rating: 68
Price Growth Rating: 51
SMR Rating: 76
Profit Risk Rating: 91
Seasonality Score: -24 (-100 ... +100)
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A.I. Advisor
published Earnings

MELI is expected to report earnings to fall 2.23% to $7.00 per share on February 22

MercadoLibre MELI Stock Earnings Reports
Q4'23
Est.
$7.00
Q3'23
Beat
by $1.28
Q2'23
Beat
by $0.80
Q1'23
Beat
by $1.16
Q4'22
Beat
by $0.79
The last earnings report on November 01 showed earnings per share of $7.16, beating the estimate of $5.88. With 90.70K shares outstanding, the current market capitalization sits at 80.86B.
A.I.Advisor
published Dividends

MELI paid dividends on January 16, 2018

MercadoLibre MELI Stock Dividends
А dividend of $0.15 per share was paid with a record date of January 16, 2018, and an ex-dividend date of December 28, 2017. Read more...
A.I. Advisor
published General Information

General Information

a providesr of internet trading services

Industry InternetRetail

Profile
Fundamentals
Details
Industry
Internet Software Or Services
Address
WTC Free Zone, Dr. Luis Bonavita 1294
Phone
+598 29272770
Employees
40548
Web
https://www.mercadolibre.com
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MELI and

Correlation & Price change

A.I.dvisor indicates that over the last year, MELI has been loosely correlated with CVNA. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if MELI jumps, then CVNA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MELI
1D Price
Change %
MELI100%
-0.63%
CVNA - MELI
52%
Loosely correlated
+2.23%
AMZN - MELI
45%
Loosely correlated
-0.47%
JMIA - MELI
42%
Loosely correlated
+8.70%
CHWY - MELI
39%
Loosely correlated
+2.07%
BZUN - MELI
38%
Loosely correlated
-2.46%
More

Groups containing MELI

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MELI
1D Price
Change %
MELI100%
-0.63%
latin america
(undefined stocks)
95%
Closely correlated
+0.36%
Internet Retail
(undefined stocks)
93%
Closely correlated
-0.34%
internet service
(undefined stocks)
83%
Closely correlated
-0.83%
internet software
(undefined stocks)
83%
Closely correlated
-0.83%
online services
(undefined stocks)
83%
Closely correlated
-0.81%
More