MERVAL Daily Analysis — 2026-08-21
Session: ClosingLatest
- Close
- 2,907,240.00
- Change
- 1.09%
- 1W Change
- -3.11%
- 20D Change
- -12.42%
- EMA20
- 3,053,535.48
- EMA50
- 3,106,339.29
- EMA200
- 2,902,396.09
- RSI (14)
- 32.5
- ATR (14)
- 81,318.93
- Volatility (20D)
- 20.80%
- Distance from 20D High
- -13.67%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 15.21
- US10Y
- 4.74%
- DXY
- 98.83
The index posted a modest gain in the latest session, though the broader short-term trend remains under pressure.
Market Drivers
The bounce appears driven by a mild oversold rebound, while ongoing volatility and weak market breadth suggest caution.
Trend Interpretation
Price is trading below key short- and medium-term moving averages, indicating a bearish structure, but the long-term average is still nearby, offering potential support.
Risk Factors
Key risks include sustained selling pressure, a break below the long-term average, and elevated volatility that could accelerate downside moves.
Bullish
In a bullish scenario, the index could stabilize above the long-term average and reclaim the short-term averages, signaling a potential trend reversal.
Neutral
A neutral scenario would see the index oscillating between the short-term and long-term averages, with no clear directional bias.
Risk
In a risk scenario, a decisive break below the long-term average could trigger further declines, with the next support levels coming into play.