SMI Daily Analysis — 2026-08-28
Session: ClosingLatest
- Close
- 14,399.77
- Change
- 0.11%
- 1W Change
- -0.40%
- 20D Change
- 0.37%
- EMA20
- 14,423.72
- EMA50
- 14,256.47
- EMA200
- 13,518.96
- RSI (14)
- 50.2
- ATR (14)
- 128.95
- Volatility (20D)
- 8.18%
- Distance from 20D High
- -1.84%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 14.15
- US10Y
- 4.70%
- DXY
- 99.53
The index closed slightly higher, showing a mild recovery after a weekly decline, with momentum indicators hovering around a neutral level.
Market Drivers
The move is driven by a stabilization in risk sentiment, as volatility remains moderate and global bond yields stay elevated, keeping investors cautious.
Trend Interpretation
Price is trading above its medium- and long-term averages, indicating a constructive underlying trend, though short-term momentum is flat and the index is slightly below its recent high.
Risk Factors
Key risks include a potential rise in volatility, elevated bond yields, and a stronger dollar, which could pressure equities.
Bullish
In a bullish scenario, the index could regain upward momentum, building on its position above key moving averages and pushing toward recent highs.
Neutral
In a neutral scenario, the index may continue to consolidate within a range, with limited directional conviction as momentum stays balanced.
Risk
In a risk scenario, a break below key support levels could trigger a pullback, especially if volatility spikes and risk appetite deteriorates.