MERVAL Daily Analysis — 2026-08-27
Session: ClosingLatest
- Close
- 3,001,209.00
- Change
- -0.79%
- 1W Change
- 4.36%
- 20D Change
- -7.17%
- EMA20
- 3,038,880.50
- EMA50
- 3,091,962.77
- EMA200
- 2,918,491.13
- RSI (14)
- 43.5
- ATR (14)
- 77,013.80
- Volatility (20D)
- 24.09%
- Distance from 20D High
- -10.88%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 14.51
- US10Y
- 4.67%
- DXY
- 99.14
The index closed lower, extending a short-term pullback after a weekly gain. Momentum has cooled, with the index trading below its medium-term averages.
Market Drivers
The move reflects a consolidation phase, with investors weighing recent gains against a backdrop of elevated volatility and a softer risk appetite.
Trend Interpretation
Price is below the 20-day and 50-day moving averages, indicating a short-term downtrend, but remains above the 200-day average, suggesting a longer-term uptrend is intact.
Risk Factors
Key risks include a further breakdown below the 200-day average, which could signal a deeper correction, and rising volatility that may amplify downside moves.
Bullish
In a bullish scenario, the index could find support near its longer-term average and resume its upward trajectory, driven by renewed buying interest and improving market breadth.
Neutral
A neutral scenario would see the index oscillating within a range, as buyers and sellers remain balanced, with no clear directional catalyst.
Risk
In a risk scenario, the index could extend its decline, breaking below key support levels, as momentum turns negative and volatility spikes.