(MercadoLibre Inc)

	MELI latest price $298.7600 (-4.66%) ($297.0000 - $317.2500) on Thu. Oct. 18, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.27% (three month average)
RSI	36
Latest Price	$298.7600(-4.66%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI declines -0.4% a day on average for past five trading days.
Weekly Trend	MELI declines -6.1% a week on average for past two weeks.
Market Behavior	Broad based sell-off 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(69%)    ONLN(68%)    IWF(66%)    QQQ(66%)    ARKK(64%)
Factors Impacting MELI price	MELI will decline at least -1.635% in a week (0% probabilities).   VXX(-14%)    UUP(-12%)    VIXM(-11%)    TLT(-5%)    IFRA(-5%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.635% (StdDev 3.27%)
Hourly BBV	0 ()
Intraday Trend	-4.6%

Resistance Level	$325.37
5 Day Moving Average	$303.78(-1.65%)
10 Day Moving Average	$314.98(-5.15%)
20 Day Moving Average	$325.37(-8.18%)
To recent high	-22.3%
To recent low	1.4%
Market Cap	$14.851b

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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