(MercadoLibre Inc)

	MELI latest price $328.9400 (4.32%) ($315.7300 - $330.8900) on Mon. Jan. 7, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.93% (three month average)
RSI	49
Latest Price	$328.9400(4.32%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 2.5% a day on average for past five trading days.
Weekly Trend	MELI declines -0.6% a week on average for past two weeks.
Market Behavior	Broad based 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%)    QQQ(66%)    IWF(65%)
Factors Impacting MELI price	MELI will decline at least -1.965% in a week (0% probabilities).   VXX(-13%)    UUP(-13%)    VIXM(-9%)    TLT(-4%)    XHB(1%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.965% (StdDev 3.93%)
Hourly BBV	0 ()
Intraday Trend	4.2%

5 Day Moving Average	$306.34(7.38%)
10 Day Moving Average	$294.86(11.56%)
20 Day Moving Average	$311.7(5.53%)
To recent high	-11%
To recent low	27.7%
Market Cap	$16.352b

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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