INSUBCONTINENT EXCLUSIVE:
This gain snapped a three-day losing streak but left the index 27% below its January record high.The MERVAL remains down 9.43% for the month
and 18.53% year-to-date, reflecting persistent volatility and investor caution
MERVAL still lags regional peers
Brazilian and Mexican stock markets trade near record levels, benefiting from low valuations and more stable capital flows.Investors
including the 50, 100, and 200-period lines
This signals a persistent downtrend
Both charts show the price struggling to break above resistance levels, with the 2,125,000 to 2,225,000 range acting as a
(Photo Internet reproduction)The MACD indicator remains negative, and its histogram shows only a slight reduction in bearish momentum
The RSI on both timeframes sits below 40, suggesting the market is oversold but not yet showing clear signs of reversal.Bollinger Bands on
the daily chart remain wide, indicating ongoing volatility
The price hovers near the lower band, which often signals oversold conditions.However, without confirmation from volume or momentum
indicators, a sustained recovery looks uncertain
Support sits near 2,029,000, with resistance at 2,094,000 and 2,125,000.Sector performance diverged sharply
Energy stocks led gains, rising nearly 5%, while materials and consumer staples fell by 1.5% and 1.8%, respectively.The top individual
winners included Telecom Argentina, Central Costanera, Ferrum, Transportadora de Gas del Norte, and Molinos Agro, each posting double-digit
percentage gains.On the losing side, Autopistas del Sol and Holcim Argentina registered the steepest declines, reflecting pressure in
transportation and construction
Fundamental drivers remain mixed.Inflation in Argentina has slowed, but macroeconomic uncertainty and the lack of sustained foreign inflows
line with its five-year average but higher than the broader Latin American average
remains oversold, but without a clear catalyst, upside appears limited
Investors continue to watch for signs of stabilization in both technical and fundamental indicators.
