(MercadoLibre Inc)

	MELI latest price $544.0950 (-1.13%) ($0.0000 - $0.0000) on Wed. Oct. 2, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.84% (three month average)
RSI	34
Latest Price	$544.0950(-1.13%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI declines -0.3% a day on average for past five trading days.
Weekly Trend	MELI declines -0.8% 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(72%)    IPO(71%)    ONLN(70%)    IWF(68%)    QQQ(68%)
Factors Impacting MELI price	MELI will decline at least -1.42% in a week (0% probabilities).   VIXM(-39%)    VXX(-16%)    UUP(-12%)    TLT(-3%)    TBT(2%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.42% (StdDev 2.84%)
Hourly BBV	0 ()
Intraday Trend	INF%

Resistance Level	$555.78
5 Day Moving Average	$547.57(-0.63%)
10 Day Moving Average	$546.47(-0.43%)
20 Day Moving Average	$555.78(-2.1%)
To recent high	-21.2%
To recent low	1.3%
Market Cap	$27.047b

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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