MERVAL Daily Analysis — 2026-08-17
Session: Closing
- Close
- 2.947.349,00
- Change
- -1,77%
- 1W Change
- -4,52%
- 20D Change
- -7,89%
- EMA20
- 3.135.034,51
- EMA50
- 3.144.299,30
- EMA200
- 2.898.546,65
- RSI (14)
- 31,9
- ATR (14)
- 81.998,57
- Volatility (20D)
- 25,42%
- Distance from 20D High
- -13,21%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 15,19
- US10Y
- 4,72%
- DXY
- 99,59
The index closed lower with a notable decline, extending its recent pullback. Momentum indicators suggest weakening conditions.
Market Drivers
The move is driven by broad risk-off sentiment, with market breadth deteriorating. No specific catalyst is identified from the data.
Trend Interpretation
Price is trading below its short-term and medium-term moving averages, indicating a bearish short-term trend. Momentum is negative and approaching oversold territory.
Risk Factors
Key risks include continued downside momentum and potential for further volatility expansion. A break below recent support levels could accelerate selling.
Bullish
In a bullish scenario, the index could stabilize near current levels and stage a rebound, especially if oversold conditions attract buyers. A recovery above key moving averages would signal a trend reversal.
Neutral
In a neutral scenario, the index may consolidate within a range, with price oscillating around current levels as market participants await clearer direction.
Risk
In a risk scenario, the index could extend its decline, with momentum feeding on itself. A sustained break below critical support could lead to a deeper correction.