SMI Daily Analysis — 2026-09-11
Session: ClosingLatest
- Close
- 13,775.27
- Change
- 0.26%
- 1W Change
- -4.31%
- 20D Change
- -4.28%
- EMA20
- 14,204.66
- EMA50
- 14,210.59
- EMA200
- 13,593.53
- RSI (14)
- 27.9
- ATR (14)
- 150.26
- Volatility (20D)
- 10.92%
- Distance from 20D High
- -5.69%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 15.84
- US10Y
- 4.98%
- DXY
- 99.09
The SMI is showing a modest rebound in the latest session but remains under pressure over the past week and month, with momentum still weak and the index trading below its short- and medium-term moving averages.
Market Drivers
The move appears driven by a short-term oversold bounce amid low volatility and a stable external backdrop, though the broader trend remains cautious.
Trend Interpretation
The index is below its short- and medium-term moving averages but still above its long-term average, indicating a corrective phase within a longer-term uptrend; momentum is weak and near oversold territory.
Risk Factors
Key risks include persistent weakness in momentum, the index's proximity to its recent lows, and external factors such as elevated bond yields and a firm dollar that could weigh on sentiment.
Bullish
In a bullish scenario, the oversold condition could trigger a sustained recovery, with the index reclaiming its short-term moving averages and building positive momentum.
Neutral
In a neutral scenario, the index may stabilize around current levels, consolidating in a range as volatility remains contained and no clear directional catalyst emerges.
Risk
In a risk scenario, continued weakness in momentum could lead to a break below recent support, with the index testing its longer-term moving average and volatility increasing.