(MercadoLibre Inc)

	MELI latest price $325.3100 (-2.44%) ($325.0600 - $339.0000) on Wed. May. 9, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.57% (three month average)
RSI	49
Latest Price	$325.3100(-2.44%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI declines -0.5% a day on average for past five trading days.
Weekly Trend	MELI advances 0.1% 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%)    SKYY(63%)
Factors Impacting MELI price	MELI will decline at least -1.285% in a week (0% probabilities).   VIXM(-11%)    UUP(-11%)    TLT(-5%)    SHY(-1%)    IFRA(-1%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.285% (StdDev 2.57%)
Hourly BBV	0 ()
Intraday Trend	-3.3%

Resistance Level	$333.51
5 Day Moving Average	$331.72(-1.93%)
10 Day Moving Average	$335.37(-3%)
20 Day Moving Average	$333.51(-2.46%)
To recent high	-21.4%
To recent low	0.8%
Market Cap	$16.171b

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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