MERVAL Daily Analysis — 2026-09-22
Session: ClosingLatest
- Close
- 2,997,659.50
- Change
- -0.04%
- 1W Change
- -2.67%
- 20D Change
- -0.38%
- EMA20
- 3,049,210.13
- EMA50
- 3,073,281.94
- EMA200
- 2,922,805.82
- RSI (14)
- 42.9
- ATR (14)
- 65,282.02
- Volatility (20D)
- 18.75%
- Distance from 20D High
- -5.49%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 14.21
- US10Y
- 4.97%
- DXY
- 100.54
MERVAL closed slightly lower, with a modest weekly decline and a mild pullback over the past month. The index remains in a broader uptrend but is showing short-term weakness.
Market Drivers
The move appears driven by a mild risk-off tone, as global volatility is low but local momentum has faded. No major catalysts are evident from the data.
Trend Interpretation
The index is trading below its short- and medium-term moving averages but still above its long-term average, indicating a mixed trend structure. Momentum is neutral-to-weak.
Risk Factors
Key risks include a break below the long-term moving average, rising volatility, and external pressures from global yields and the dollar.
Bullish
In a bullish scenario, the index could reclaim its short-term moving averages and resume its longer-term uptrend, supported by stabilizing global conditions.
Neutral
In a neutral scenario, the index may continue to consolidate in a range, with low directional conviction and mixed momentum signals.
Risk
In a risk scenario, a sustained break below the long-term moving average could accelerate selling pressure and lead to a deeper correction.