Bovespa Daily Analysis — 2026-09-18
Session: ClosingLatest
- Close
- 185,229.17
- Change
- -0.41%
- 1W Change
- -1.06%
- 20D Change
- 10.30%
- EMA20
- 182,257.16
- EMA50
- 178,398.17
- EMA200
- 172,443.68
- RSI (14)
- 62.8
- ATR (14)
- 2,978.23
- Volatility (20D)
- 16.12%
- Distance from 20D High
- -2.25%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 14.81
- US10Y
- 5.00%
- DXY
- 100.21
Bovespa is in a mild pullback within a broader uptrend, with price still comfortably above key moving averages and momentum positive but not stretched.
Market Drivers
The move appears driven by a modest risk-off tone, with global volatility low but rising US yields and a firm dollar weighing on emerging-market sentiment.
Trend Interpretation
The index remains above its short-, medium-, and long-term moving averages, confirming a bullish trend structure, though the recent pullback and negative weekly change suggest a pause in momentum.
Risk Factors
Key risks include a continued rise in US yields, a stronger dollar, and a potential loss of momentum if price breaks below short-term moving averages.
Bullish
In a bullish scenario, the index stabilizes near short-term averages and resumes its uptrend, with momentum re-accelerating and volatility remaining contained.
Neutral
In a neutral scenario, the index consolidates sideways, holding above medium-term averages while momentum flattens and volatility stays moderate.
Risk
In a risk scenario, the pullback deepens, price breaks below short-term averages, and momentum turns negative, potentially testing medium-term support.