(MercadoLibre Inc)

	MELI latest price $361.3600 (1.72%) ($354.9300 - $366.1200) on Wed. Dec. 12, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.3% (three month average)
RSI	71
Latest Price	$361.3600(1.72%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.4% a day on average for past five trading days.
Weekly Trend	MELI advances 4.7% a week on average for past two weeks.
Market Behavior	Growth stock 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(69%)    IPO(69%)    ONLN(68%)    IWF(66%)    QQQ(66%)
Factors Impacting MELI price	MELI will decline at least -1.65% in a week (0% probabilities).   VXX(-13%)    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	-1.65% (StdDev 3.3%)
Hourly BBV	0 ()
Intraday Trend	0.5%

5 Day Moving Average	$353.45(2.24%)
10 Day Moving Average	$354.8(1.85%)
20 Day Moving Average	$342.13(5.62%)
To recent high	-2.2%
To recent low	25.8%
Market Cap	$17.963b

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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