MERVAL Daily Analysis — 2026-08-19
Session: ClosingLatest
- Close
- 2,871,123.00
- Change
- -0.71%
- 1W Change
- -5.01%
- 20D Change
- -12.52%
- EMA20
- 3,088,928.26
- EMA50
- 3,124,065.69
- EMA200
- 2,893,650.53
- RSI (14)
- 28.0
- ATR (14)
- 83,394.64
- Volatility (20D)
- 24.04%
- Distance from 20D High
- -15.45%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 15.02
- US10Y
- 4.65%
- DXY
- 98.79
The index closed lower, extending its recent pullback amid elevated volatility and weak market breadth.
Market Drivers
Persistent selling pressure and risk-off sentiment are driving the decline, with no clear sector leadership.
Trend Interpretation
Price is below both short-term and medium-term moving averages, indicating a downtrend, while momentum remains bearish.
Risk Factors
Oversold conditions could lead to a technical bounce, but continued weakness in global risk assets may prolong the correction.
Bullish
A stabilization above recent lows could trigger a rebound, with buyers stepping in on dips as oversold conditions unwind.
Neutral
The index may consolidate in a range, digesting recent losses while awaiting fresh catalysts.
Risk
If selling pressure intensifies, the index could break below key support, leading to further downside.