(MercadoLibre Inc)

	MELI latest price $574.0200 (-6.6%) ($0.0000 - $0.0000) on Mon. Aug. 5, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.22% (three month average)
RSI	36
Latest Price	$574.0200(-6.6%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI declines -2.5% a day on average for past five trading days.
Weekly Trend	MELI declines -1.9% a week on average for past two weeks.
Market Behavior	Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(71%)    IPO(71%)    ONLN(69%)    IWF(68%)    QQQ(68%)
Factors Impacting MELI price	MELI will decline at least -1.11% in a week (0% probabilities).   VIXM(-40%)    VXX(-17%)    UUP(-11%)    TLT(-4%)    IFRA(0%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.11% (StdDev 2.22%)
Hourly BBV	0 ()
Intraday Trend	INF%

Resistance Level	$634.61
5 Day Moving Average	$614.06(-6.52%)
10 Day Moving Average	$631.35(-9.08%)
20 Day Moving Average	$634.61(-9.55%)
To recent high	-13%
To recent low	7%
Market Cap	$28.535b

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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