(MercadoLibre Inc)

	MELI latest price $354.8500 (-3.97%) ($351.0600 - $373.9159) on Tue. Dec. 4, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.33% (three month average)
RSI	60
Latest Price	$354.8500(-3.97%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 1.3% a day on average for past five trading days.
Weekly Trend	MELI advances 3.3% 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%)    IPO(69%)    ONLN(68%)    IWF(66%)    QQQ(66%)
Factors Impacting MELI price	MELI will decline at least -1.665% in a week (0% probabilities).   VXX(-14%)    UUP(-12%)    VIXM(-9%)    TLT(-5%)    SHY(0%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.665% (StdDev 3.33%)
Hourly BBV	0 ()
Intraday Trend	-3.8%

5 Day Moving Average	$356.02(-0.33%)
10 Day Moving Average	$338.82(4.73%)
20 Day Moving Average	$336.73(5.38%)
To recent high	-4%
To recent low	23.5%
Market Cap	$17.64b

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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