(MercadoLibre Inc)

	MELI latest price $567.4300 (-1.95%) ($562.3100 - $580.4300) on Mon. May. 6, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	4.08% (three month average)
RSI	64
Latest Price	$567.4300(-1.95%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 2.9% a day on average for past five trading days.
Weekly Trend	MELI advances 2.4% a week on average for past two weeks.
Market Behavior	Broad based sell-off for large cap. Normal for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(70%)    IPO(70%)    ONLN(69%)    IWF(67%)    QQQ(67%)
Factors Impacting MELI price	MELI will decline at least -2.04% in a week (0% probabilities).   VXX(-13%)    UUP(-13%)    VIXM(-7%)    TLT(-4%)    IFRA(1%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-2.04% (StdDev 4.08%)
Hourly BBV	0 ()
Intraday Trend	0.3%

5 Day Moving Average	$519.5(9.23%)
10 Day Moving Average	$506.78(11.97%)
20 Day Moving Average	$504.63(12.44%)
To recent high	-2%
To recent low	63.1%
Market Cap	$28.207b

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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