MERVAL Daily Analysis — 2026-09-04
Session: ClosingLatest
- Close
- 3,049,121.50
- Change
- -0.29%
- 1W Change
- 2.34%
- 20D Change
- -1.66%
- EMA20
- 3,043,755.33
- EMA50
- 3,082,491.38
- EMA200
- 2,928,847.50
- RSI (14)
- 49.0
- ATR (14)
- 75,102.21
- Volatility (20D)
- 23.03%
- Distance from 20D High
- -4.29%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 14.53
- US10Y
- 4.78%
- DXY
- 99.16
The index closed slightly lower, showing a mild pullback after recent gains. Market breadth is not available, but the overall tone remains cautious.
Market Drivers
The move is driven by a mix of global risk sentiment and domestic factors, with no clear sector leadership. The lack of volume data suggests thin participation.
Trend Interpretation
Price is hovering near its short-term average but below the medium-term average, indicating a consolidation phase. Momentum is neutral, with a slight negative bias.
Risk Factors
Key risks include a potential break below the short-term support, which could accelerate selling. Elevated volatility and external market pressures add to uncertainty.
Bullish
In a bullish scenario, the index could reclaim its medium-term average and resume its uptrend, supported by improving momentum and a recovery in market breadth.
Neutral
In a neutral scenario, the index may continue to oscillate within a range, with alternating sessions of gains and losses as investors await clearer signals.
Risk
In a risk scenario, a sustained move below the recent low could trigger further downside, with the next support levels coming into play. Volatility may spike.