(MercadoLibre Inc)

	MELI latest price $301.8700 (1.04%) ($298.7800 - $312.1350) on Fri. Oct. 19, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.27% (three month average)
RSI	40
Latest Price	$301.8700(1.04%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI declines -0.1% a day on average for past five trading days.
Weekly Trend	MELI declines -5.9% 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(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	0.3%

Resistance Level	$324.32
5 Day Moving Average	$303.47(-0.53%)
10 Day Moving Average	$311.71(-3.16%)
20 Day Moving Average	$324.32(-6.92%)
To recent high	-21.5%
To recent low	2.4%
Market Cap	$15.006b

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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