SMI Daily Analysis — 2026-09-17
Session: ClosingLatest
- Close
- 13,947.31
- Change
- 0.57%
- 1W Change
- 1.51%
- 20D Change
- -2.93%
- EMA20
- 14,097.34
- EMA50
- 14,161.30
- EMA200
- 13,615.63
- RSI (14)
- 40.4
- ATR (14)
- 151.12
- Volatility (20D)
- 11.63%
- Distance from 20D High
- -4.51%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 15.44
- US10Y
- 4.95%
- DXY
- 100.23
The SMI is showing a mild recovery in a closing session, but remains below its short-term moving averages, indicating a cautious market tone.
Market Drivers
The move appears driven by a modest rebound in risk appetite, with the VIX at moderate levels and the dollar index relatively stable, while the US 10-year yield remains elevated.
Trend Interpretation
The index is trading below both the short-term and medium-term moving averages, with momentum in bearish territory according to RSI, though it is still above the long-term average, suggesting a mixed trend structure.
Risk Factors
Key risks include elevated US yields, a potential pickup in volatility, and the index's distance from its recent high, which could signal further downside if support levels fail.
Bullish
In a bullish scenario, the index could reclaim its short-term moving averages and build on the recent weekly gain, supported by stabilizing risk sentiment and a pullback in yields.
Neutral
In a neutral scenario, the index may continue to trade in a range, consolidating around current levels as investors await clearer directional catalysts.
Risk
In a risk scenario, a break below the long-term moving average could accelerate selling pressure, especially if volatility spikes and global yields rise further.