(MercadoLibre Inc)

	MELI latest price $337.6500 (-0.92%) ($336.1800 - $344.1800) on Tue. Jan. 9, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.98% (three month average)
RSI	57
Latest Price	$337.6500(-0.92%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.9% a day on average for past five trading days.
Weekly Trend	MELI advances 2.1% a week on average for past two weeks.
Market Behavior	Broad based rally for large cap. Value stock sell-off for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(68%)    QQQ(65%)    IWF(64%)    IVW(63%)    ARKK(62%)
Factors Impacting MELI price	MELI will decline at least -1.49% in a week (0% probabilities).   VIXM(-13%)    UUP(-11%)    TLT(-5%)    SHY(-1%)    IGOV(3%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.49% (StdDev 2.98%)
Hourly BBV	0 ()
Intraday Trend	-1.6%

5 Day Moving Average	$332.89(1.43%)
10 Day Moving Average	$325.94(3.59%)
20 Day Moving Average	$320.51(5.35%)
To recent high	-0.9%
To recent low	52.5%
Market Cap	$16.785b

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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