(MercadoLibre Inc)

	MELI latest price $343.2500 (4.75%) ($326.2617 - $346.6600) on Mon. Jul. 16, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.82% (three month average)
RSI	74
Latest Price	$343.2500(4.75%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 2.1% a day on average for past five trading days.
Weekly Trend	MELI advances 4.5% a week on average for past two weeks.
Market Behavior	Normal for large cap. Broad based sell-off for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(68%)    IWF(65%)    QQQ(65%)    ARKK(63%)    IVW(63%)
Factors Impacting MELI price	MELI will decline at least -1.41% in a week (0% probabilities).   VXX(-14%)    VIXM(-11%)    UUP(-11%)    TLT(-5%)    IFRA(-3%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.41% (StdDev 2.82%)
Hourly BBV	0 ()
Intraday Trend	4.4%

5 Day Moving Average	$320.07(7.24%)
10 Day Moving Average	$312.81(9.73%)
20 Day Moving Average	$303.36(13.15%)
To recent high	-0.5%
To recent low	20.3%
Market Cap	$17.063b

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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