(MercadoLibre Inc)

	MELI latest price $589.9900 (1.62%) ($0.0000 - $0.0000) on Wed. Sep. 4, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.82% (three month average)
RSI	40
Latest Price	$589.9900(1.62%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI declines -0.1% a day on average for past five trading days.
Weekly Trend	MELI declines -2.1% 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(72%)    IPO(71%)    ONLN(70%)    IWF(68%)    QQQ(68%)
Factors Impacting MELI price	MELI will decline at least -1.41% in a week (0% probabilities).   VIXM(-39%)    VXX(-16%)    UUP(-12%)    TLT(-3%)    TBT(2%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.41% (StdDev 2.82%)
Hourly BBV	0 ()
Intraday Trend	INF%

Resistance Level	$614.32
5 Day Moving Average	$589.27(0.12%)
10 Day Moving Average	$597.96(-1.33%)
20 Day Moving Average	$614.32(-3.96%)
To recent high	-14.5%
To recent low	7%
Market Cap	$29.328b

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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