(MercadoLibre Inc)

	MELI latest price $597.2700 (-1.34%) ($0.0000 - $0.0000) on Fri. Sep. 6, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.81% (three month average)
RSI	41
Latest Price	$597.2700(-1.34%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.1% a day on average for past five trading days.
Weekly Trend	MELI declines -1.9% a week on average for past two weeks.
Market Behavior	Normal for large cap. Growth stock sell-off for small cap.
Correlated ETFs	Broad market will support MELI advance at 0% a week (0% probability)   IBUY(71%)    IPO(71%)    ONLN(70%)    IWF(68%)    QQQ(68%)
Factors Impacting MELI price	MELI will decline at least -1.405% in a week (0% probabilities).   VIXM(-39%)    VXX(-16%)    UUP(-12%)    TLT(-3%)    TBT(2%)
Explanation	The rally is not sustainable and not supported by the broad market.
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.405% (StdDev 2.81%)
Hourly BBV	0 ()
Intraday Trend	INF%

Resistance Level	$609.62
5 Day Moving Average	$593.63(0.61%)
10 Day Moving Average	$594.1(0.53%)
20 Day Moving Average	$609.62(-2.03%)
To recent high	-13.4%
To recent low	4.1%
Market Cap	$29.69b

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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