(MercadoLibre Inc)

	MELI latest price $246.4907 (2.43%) ($239.9025 - $246.8753) on Wed. Aug. 30, 2017.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.44% (three month average)
RSI	65
Latest Price	$246.4907(2.43%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.3% a day on average for past five trading days.
Weekly Trend	MELI advances 1.4% 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)   IBUY(67%)    QQQ(64%)    IWF(63%)    IVW(62%)    ARKK(61%)
Factors Impacting MELI price	MELI will decline at least -1.22% in a week (0% probabilities).   VIXM(-13%)    UUP(-11%)    TLT(-5%)    SHY(-1%)    IGOV(2%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.22% (StdDev 2.44%)
Hourly BBV	0 ()
Intraday Trend	1.8%

5 Day Moving Average	$243.79(1.11%)
10 Day Moving Average	$241.86(1.91%)
20 Day Moving Average	$245.33(0.47%)
To recent high	-15.6%
To recent low	6.1%
Market Cap	$12.253b

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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