SMI Daily Analysis — 2026-08-20
Session: ClosingLatest
- Close
- 14,368.16
- Change
- -0.13%
- 1W Change
- -0.74%
- 20D Change
- 1.08%
- EMA20
- 14,397.83
- EMA50
- 14,201.85
- EMA200
- 13,477.62
- RSI (14)
- 50.2
- ATR (14)
- 131.45
- Volatility (20D)
- 8.99%
- Distance from 20D High
- -2.05%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 15.74
- US10Y
- 4.70%
- DXY
- 98.82
The SMI closed slightly lower, showing a mild pullback after a modest positive move over the past month. Market sentiment remains cautious with a neutral momentum reading.
Market Drivers
The index is consolidating within a broader uptrend, with no clear directional catalyst. Low volatility and a balanced RSI suggest a wait-and-see approach among investors.
Trend Interpretation
Price is trading above its medium- and long-term moving averages, indicating a constructive underlying trend. However, short-term momentum has flattened, and the index is slightly below its recent high.
Risk Factors
A rise in global volatility or a further increase in long-term yields could pressure equities. Also, a break below key moving averages would signal a potential trend reversal.
Bullish
If the index regains its recent high and holds above the short-term average, it could resume its upward path, supported by a stable macro backdrop.
Neutral
The index may continue to trade in a range, with alternating small gains and losses, as investors await fresh catalysts. Volatility is likely to remain subdued.
Risk
A sustained move below the medium-term average could trigger further selling, with the next support seen near the long-term trendline. Rising volatility would amplify downside moves.