(MercadoLibre Inc)

	MELI latest price $548.9800 (-3.01%) ($0.0000 - $0.0000) on Wed. Oct. 16, 2019.
	Trend Analysis and Forecast
Average Daily Percentage Swing	2.92% (three month average)
RSI	50
Latest Price	$548.9800(-3.01%)
Stocks Behave Similarly	Similar Stock List
Daily Trend	MELI advances 0.6% a day on average for past five trading days.
Weekly Trend	MELI advances 0.6% a week on average for past two weeks.
Market Behavior	Normal for large cap. Normal 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 -1.46% 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	-1.46% (StdDev 2.92%)
Hourly BBV	0 ()
Intraday Trend	INF%

5 Day Moving Average	$553.31(-0.78%)
10 Day Moving Average	$549.06(-0.01%)
20 Day Moving Average	$547.79(0.22%)
To recent high	-20.4%
To recent low	4.6%
Market Cap	$27.29b

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.

getNextHourMoveProbability failed