(MercadoLibre Inc)

	MELI latest price $564.6400 (0.38%) ($564.6400 - $564.6400) on Sat. Nov. 23, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.14% (three month average)
RSI	83
Latest Price	$564.6400(0.38%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.5% a day on average for past five trading days.
Weekly Trend	MELI advances 6% a week on average for past two weeks.
Market Behavior	Normal for large cap. Normal for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   (0%)    (0%)    (0%)    (0%)    (0%)
Factors Impacting MELI price	MELI will decline at least -1.07% in a week (0% probabilities).   (0%)    (0%)    (0%)    (0%)    (0%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.07% (StdDev 2.14%)
Hourly BBV	0 ()
Intraday Trend	0%

5 Day Moving Average	$548.67(2.91%)
10 Day Moving Average	$535.42(5.46%)
20 Day Moving Average	$522.04(8.16%)
To recent high	-6.7%
To recent low	16.9%
Market Cap	$N/A

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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