(MercadoLibre Inc)

	MELI latest price $112.9666 (0.46%) ($110.1452 - $113.2647) on Wed. Mar. 16, 2016.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.72% (three month average)
RSI	69
Latest Price	$112.9666(0.46%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.4% a day on average for past five trading days.
Weekly Trend	MELI advances 5.4% 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)   QQQ(63%)    IWF(62%)    IVW(61%)    SKYY(61%)    ARKK(59%)
Factors Impacting MELI price	MELI will decline at least -1.36% in a week (0% probabilities).   VIXM(-15%)    UUP(-11%)    TLT(-5%)    IPO(-3%)    SHY(-2%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.36% (StdDev 2.72%)
Hourly BBV	0 ()
Intraday Trend	1.2%

5 Day Moving Average	$113.46(-0.43%)
10 Day Moving Average	$111.13(1.65%)
20 Day Moving Average	$106.18(6.39%)
To recent high	-2.4%
To recent low	32.5%
Market Cap	$5.616b

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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