SMI Daily Analysis — 2026-08-24
Session: ClosingLatest
- Close
- 14,447.19
- Change
- -0.07%
- 1W Change
- 1.01%
- 20D Change
- 0.18%
- EMA20
- 14,407.62
- EMA50
- 14,221.08
- EMA200
- 13,488.79
- RSI (14)
- 54.3
- ATR (14)
- 132.44
- Volatility (20D)
- 8.53%
- Distance from 20D High
- -1.52%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 15.75
- US10Y
- 4.69%
- DXY
- 98.95
The index closed slightly lower, showing a mild pullback after a recent positive week. Overall momentum remains constructive, with prices holding above key moving averages.
Market Drivers
The modest decline appears driven by profit-taking and cautious sentiment, while the broader uptrend remains supported by stable risk appetite.
Trend Interpretation
The index is trading above its medium- and long-term moving averages, indicating a bullish structure. Short-term momentum is neutral, with the RSI in a balanced zone.
Risk Factors
Key risks include a potential rise in volatility and a break below the short-term moving average, which could signal a deeper correction.
Bullish
In a bullish scenario, the index could resume its upward trajectory, building on the recent gains and challenging higher resistance levels.
Neutral
A neutral scenario would see the index consolidating within a range, with limited directional bias as market participants await fresh catalysts.
Risk
In a risk scenario, increased selling pressure could push the index below its short-term support, leading to a test of the medium-term average.