(MercadoLibre Inc)

	MELI latest price $617.9800 (0.41%) ($612.2400 - $623.4500) on Mon. Jun. 17, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	3.18% (three month average)
RSI	54
Latest Price	$617.9800(0.41%)
Stocks Behave Similarly	Similar Stock List
Weekly Trend	MELI advances 3.8% a week on average for past two weeks.
Market Behavior	Value stocks sell-off for large cap. Rotation from value to growth for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(71%)    IPO(71%)    ONLN(69%)    IWF(68%)    QQQ(68%)
Factors Impacting MELI price	MELI will decline at least -1.59% in a week (0% probabilities).   VXX(-17%)    UUP(-11%)    TLT(-4%)    IFRA(0%)    SHY(2%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.59% (StdDev 3.18%)
Hourly BBV	0 ()
Intraday Trend	-0.5%

5 Day Moving Average	$621.06(-0.5%)
10 Day Moving Average	$604.21(2.28%)
20 Day Moving Average	$591.49(4.48%)
To recent high	-2.8%
To recent low	28.1%
Market Cap	$30.72b

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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