(MercadoLibre Inc)

	MELI latest price $378.1800 (0.89%) ($372.2800 - $381.8989) on Tue. Aug. 28, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.24% (three month average)
RSI	60
Latest Price	$378.1800(0.89%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 2.8% a day on average for past five trading days.
Weekly Trend	MELI advances 0.3% a week on average for past two weeks.
Market Behavior	Normal for large cap. Normal for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(68%)    ONLN(68%)    QQQ(66%)    IWF(65%)    IVW(64%)
Factors Impacting MELI price	MELI will decline at least -1.62% in a week (0% probabilities).   VXX(-14%)    UUP(-12%)    VIXM(-11%)    TLT(-5%)    SHY(-0%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.62% (StdDev 3.24%)
Hourly BBV	0 ()
Intraday Trend	0.9%

5 Day Moving Average	$362.77(4.25%)
10 Day Moving Average	$347.57(8.81%)
20 Day Moving Average	$350.9(7.77%)
To recent high	-1.6%
To recent low	32.5%
Market Cap	$18.799b

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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