(MercadoLibre Inc)

	MELI latest price $489.5200 (0.49%) ($485.3470 - $495.0000) on Fri. Apr. 26, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.22% (three month average)
RSI	43
Latest Price	$489.5200(0.49%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI declines -0.1% a day on average for past five trading days.
Weekly Trend	MELI declines -1.6% 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(70%)    IPO(70%)    ONLN(69%)    IWF(67%)    QQQ(67%)
Factors Impacting MELI price	MELI will decline at least -1.61% in a week (0% probabilities).   VXX(-13%)    UUP(-13%)    VIXM(-7%)    TLT(-4%)    IDRV(-1%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.61% (StdDev 3.22%)
Hourly BBV	0 ()
Intraday Trend	-0.3%

Resistance Level	$501.7
5 Day Moving Average	$490.66(-0.23%)
10 Day Moving Average	$496.01(-1.31%)
20 Day Moving Average	$501.7(-2.43%)
To recent high	-5.5%
To recent low	40.7%
Market Cap	$24.334b

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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