MERVAL Daily Analysis — 2026-09-10
Session: ClosingLatest
- Close
- 3,157,852.25
- Change
- 1.53%
- 1W Change
- 3.26%
- 20D Change
- 5.28%
- EMA20
- 3,062,210.60
- EMA50
- 3,084,586.60
- EMA200
- 2,931,122.46
- RSI (14)
- 59.5
- ATR (14)
- 71,199.30
- Volatility (20D)
- 20.64%
- Distance from 20D High
- -0.44%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 17.84
- US10Y
- 4.94%
- DXY
- 99.09
MERVAL is showing a mild upward move with moderate volatility, trading above key moving averages and near its recent high.
Market Drivers
The index is being supported by a broad risk-on tone, as indicated by a relatively low VIX and a stable dollar, while the recent weekly and monthly gains suggest sustained buying interest.
Trend Interpretation
The index is above its short-term and long-term moving averages, with positive momentum as reflected by the RSI, indicating a bullish trend structure.
Risk Factors
Key risks include a potential rise in global risk aversion, as seen in the VIX, or a strengthening dollar that could pressure emerging market assets.
Bullish
In a bullish scenario, the index could continue to build on its recent gains, potentially testing or exceeding its recent high if momentum persists and volatility remains contained.
Neutral
In a neutral scenario, the index might consolidate around current levels, with limited upside or downside, as traders await clearer directional signals.
Risk
In a risk scenario, a reversal below key moving averages could trigger a deeper pullback, especially if volatility spikes or global risk sentiment deteriorates.