(MercadoLibre Inc)

	MELI latest price $491.3000 (-1.29%) ($489.8250 - $501.0300) on Mon. Mar. 25, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.58% (three month average)
RSI	60
Latest Price	$491.3000(-1.29%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.3% a day on average for past five trading days.
Weekly Trend	MELI advances 3.2% a week on average for past two weeks.
Market Behavior	Normal for large cap. Broad based rally for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(70%)    IPO(70%)    ONLN(68%)    IWF(67%)    QQQ(67%)
Factors Impacting MELI price	MELI will decline at least -1.79% in a week (0% probabilities).   VXX(-13%)    UUP(-13%)    VIXM(-8%)    TLT(-4%)    IFRA(1%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.79% (StdDev 3.58%)
Hourly BBV	0 ()
Intraday Trend	-1.2%

5 Day Moving Average	$494.67(-0.68%)
10 Day Moving Average	$493.36(-0.42%)
20 Day Moving Average	$473.21(3.82%)
To recent high	-3.3%
To recent low	74.3%
Market Cap	$24.423b

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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