(MercadoLibre Inc)

	MELI latest price $397.3200 (-2.59%) ($389.0622 - $406.0000) on Thu. Mar. 8, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.46% (three month average)
RSI	58
Latest Price	$397.3200(-2.59%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.6% a day on average for past five trading days.
Weekly Trend	MELI advances 3.4% a week on average for past two weeks.
Market Behavior	Broad based rally for large cap. Value stock sell-off for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(68%)    QQQ(65%)    IWF(64%)    IVW(63%)    SKYY(63%)
Factors Impacting MELI price	MELI will decline at least -1.23% in a week (0% probabilities).   VIXM(-12%)    UUP(-11%)    TLT(-5%)    SHY(-1%)    VXX(1%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.23% (StdDev 2.46%)
Hourly BBV	0 ()
Intraday Trend	1.5%

5 Day Moving Average	$399.06(-0.44%)
10 Day Moving Average	$392.81(1.15%)
20 Day Moving Average	$379.46(4.71%)
To recent high	-3.2%
To recent low	43.8%
Market Cap	$19.751b

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.

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