(MercadoLibre Inc)

	MELI latest price $356.3900 (4.45%) ($338.2600 - $357.5600) on Thu. Mar. 29, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.45% (three month average)
RSI	22
Latest Price	$356.3900(4.45%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.3% a day on average for past five trading days.
Weekly Trend	MELI declines -7% 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)   IBUY(68%)    QQQ(65%)    IWF(64%)    IVW(63%)    SKYY(63%)
Factors Impacting MELI price	MELI will decline at least -1.225% 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	-1.225% (StdDev 2.45%)
Hourly BBV	0 ()
Intraday Trend	4.2%

Resistance Level	$378.05
5 Day Moving Average	$349.59(1.95%)
10 Day Moving Average	$356.49(-0.03%)
20 Day Moving Average	$378.05(-5.73%)
To recent high	-13.9%
To recent low	13.3%
Market Cap	$17.716b

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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