(MercadoLibre Inc)

	MELI latest price $334.8000 (-2.9%) ($333.6100 - $351.0000) on Thu. Aug. 16, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.16% (three month average)
RSI	44
Latest Price	$334.8000(-2.9%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI declines -2.7% a day on average for past five trading days.
Weekly Trend	MELI advances 1.3% 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%)    ONLN(67%)    QQQ(66%)    IWF(65%)    ARKK(63%)
Factors Impacting MELI price	MELI will decline at least -1.58% in a week (0% probabilities).   VXX(-14%)    VIXM(-11%)    UUP(-11%)    TLT(-5%)    SHY(-0%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.58% (StdDev 3.16%)
Hourly BBV	0 ()
Intraday Trend	-4.1%

Resistance Level	$354.22
5 Day Moving Average	$354.86(-5.65%)
10 Day Moving Average	$354.3(-5.5%)
20 Day Moving Average	$354.22(-5.48%)
To recent high	-12.9%
To recent low	17.3%
Market Cap	$16.643b

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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