(MercadoLibre Inc)

	MELI latest price $531.8700 (1.32%) ($0.0000 - $0.0000) on Wed. Oct. 9, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.88% (three month average)
RSI	43
Latest Price	$531.8700(1.32%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI declines -0.5% a day on average for past five trading days.
Weekly Trend	MELI declines -0.1% a week on average for past two weeks.
Market Behavior	Broad based rally for large cap. Growth stock 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 -1.44% in a week (0% probabilities).   VIXM(-39%)    VXX(-16%)    UUP(-12%)    TLT(-3%)    TBT(2%)
Relative Volatility	(options are extremely cheap)
Market Trend Strength	-1.44% (StdDev 2.88%)
Hourly BBV	0 ()
Intraday Trend	INF%

Resistance Level	$548.24
5 Day Moving Average	$544.59(-2.34%)
10 Day Moving Average	$545.8(-2.55%)
20 Day Moving Average	$548.24(-2.99%)
To recent high	-22.9%
To recent low	1.3%
Market Cap	$26.439b

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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