(MercadoLibre Inc)

	MELI latest price $341.8800 (0.42%) ($338.4100 - $347.2800) on Thu. Jan. 18, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.56% (three month average)
RSI	73
Latest Price	$341.8800(0.42%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.1% a day on average for past five trading days.
Weekly Trend	MELI advances 3.1% a week on average for past two weeks.
Market Behavior	Value stocks sell-off for large cap. Broad based 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 -1.28% in a week (0% probabilities).   VIXM(-13%)    UUP(-12%)    TLT(-5%)    VXX(-1%)    SHY(-1%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.28% (StdDev 2.56%)
Hourly BBV	0 ()
Intraday Trend	0.4%

5 Day Moving Average	$341.33(0.16%)
10 Day Moving Average	$338.39(1.03%)
20 Day Moving Average	$329.47(3.77%)
To recent high	-0.2%
To recent low	54.4%
Market Cap	$16.995b

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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