(MercadoLibre Inc)

	MELI latest price $320.7600 (-2.21%) ($320.3100 - $331.7000) on Thu. Sep. 6, 2018.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.39% (three month average)
RSI	48
Latest Price	$320.7600(-2.21%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI declines -3.3% a day on average for past five trading days.
Market Behavior	Broad based 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(69%)    ONLN(68%)    QQQ(66%)    IWF(65%)    IVW(64%)
Factors Impacting MELI price	MELI will decline at least -1.695% in a week (0% probabilities).   VXX(-14%)    UUP(-12%)    VIXM(-11%)    TLT(-5%)    IFRA(-2%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.695% (StdDev 3.39%)
Hourly BBV	0 ()
Intraday Trend	-2.5%

Resistance Level	$349.42
5 Day Moving Average	$334.72(-4.17%)
10 Day Moving Average	$351.08(-8.64%)
20 Day Moving Average	$349.42(-8.2%)
To recent high	-16.6%
To recent low	12.4%
Market Cap	$15.945b

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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