(MercadoLibre Inc)

	MELI latest price $585.5900 (3.71%) ($585.5900 - $585.5900) on Mon. Nov. 25, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.15% (three month average)
RSI	86
Latest Price	$585.5900(3.71%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 2% a day on average for past five trading days.
Weekly Trend	MELI advances 6.8% 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(72%)    IPO(71%)    ONLN(70%)    QQQ(69%)    IWF(68%)
Factors Impacting MELI price	MELI will decline at least -1.075% in a week (0% probabilities).   VIXM(-39%)    VXX(-16%)    UUP(-12%)    TLT(-3%)    TBT(2%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.075% (StdDev 2.15%)
Hourly BBV	0 ()
Intraday Trend	0%

5 Day Moving Average	$559.4(4.68%)
10 Day Moving Average	$544.26(7.59%)
20 Day Moving Average	$524.75(11.59%)
To recent high	-3.3%
To recent low	21.3%
Market Cap	$29.11b

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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