(MercadoLibre Inc)

	MELI latest price $339.5900 (-0.11%) ($331.0000 - $343.9900) on Thu. Jan. 10, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.87% (three month average)
RSI	57
Latest Price	$339.5900(-0.11%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 2.7% a day on average for past five trading days.
Weekly Trend	MELI advances 7.6% a week on average for past two weeks.
Market Behavior	Value stock rally for large cap. Growth stock 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 -1.935% in a week (0% probabilities).   VXX(-13%)    UUP(-13%)    VIXM(-8%)    TLT(-4%)    DIA(-2%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.935% (StdDev 3.87%)
Hourly BBV	0 ()
Intraday Trend	1%

5 Day Moving Average	$330.46(2.76%)
10 Day Moving Average	$313.28(8.4%)
20 Day Moving Average	$310.41(9.4%)
To recent high	-8.1%
To recent low	31.9%
Market Cap	$16.881b

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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