(MercadoLibre Inc)

	MELI latest price $342.4700 (0.13%) ($338.0100 - $344.5200) on Fri. Jan. 12, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.65% (three month average)
RSI	72
Latest Price	$342.4700(0.13%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.7% a day on average for past five trading days.
Weekly Trend	MELI advances 3.7% 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(68%)    QQQ(65%)    IWF(64%)    IVW(63%)    ARKK(62%)
Factors Impacting MELI price	MELI will decline at least -1.325% 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	-1.325% (StdDev 2.65%)
Hourly BBV	0 ()
Intraday Trend	-0%

5 Day Moving Average	$340.5(0.58%)
10 Day Moving Average	$333.11(2.81%)
20 Day Moving Average	$326.51(4.89%)
To recent high	0%
To recent low	54.7%
Market Cap	$17.024b

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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