MERVAL Daily Analysis — 2026-09-11
Session: ClosingLatest
- Close
- 3,098,897.50
- Change
- -1.87%
- 1W Change
- 1.63%
- 20D Change
- 3.28%
- EMA20
- 3,065,704.57
- EMA50
- 3,085,145.34
- EMA200
- 2,925,791.33
- RSI (14)
- 52.8
- ATR (14)
- 71,562.48
- Volatility (20D)
- 21.98%
- Distance from 20D High
- -2.30%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 15.84
- US10Y
- 4.98%
- DXY
- 99.09
MERVAL closed slightly lower on the day but remains in a mild uptrend over the past week and month, with price holding above key moving averages.
Market Drivers
The pullback appears driven by a modest risk-off tone, as indicated by a firm dollar and elevated long-term yields, while volatility remains contained.
Trend Interpretation
Price is above the short-term and long-term moving averages, though it has slipped below the medium-term average, suggesting a consolidation within a broader uptrend.
Risk Factors
Key risks include a sharp rise in global risk aversion, a stronger dollar, or a break below the medium-term moving average that could signal a deeper correction.
Bullish
In a bullish scenario, the index stabilizes above the medium-term average and resumes its upward momentum, supported by low volatility and improving breadth.
Neutral
In a neutral scenario, the index continues to trade in a range, oscillating around the medium-term average without a clear directional bias.
Risk
In a risk scenario, a sustained break below the medium-term average could trigger a deeper pullback toward the longer-term average, especially if volatility spikes.