INSUBCONTINENT EXCLUSIVE:
MERVAL Index closed at 2,042,465.47 points, recording a daily loss of 1.58%
Traders witnessed the session move between a high of 2,095,370.98 and a low of 2,040,918.53 as volumes remained near recent lows.The report
uses only official S&P MERVAL figures and publicly available trading data
eye towards value, unlike more globally sensitive capitals
(Photo Internet reproduction)Market action concentrated around familiar barriers
Sellers took control as the MERVAL failed to break above the 2,058,591 level
This resistance mirrors the 50-day moving average on the daily chart.The market continues to respect this area, and price drifted back
towards support close to 2,042,000, a level consistent with both the 100-day and 200-day moving averages.The closing price sat narrowly
above the lower Bollinger Band, highlighting persistent downside pressure
Technical analysis confirms a lack of meaningful momentum.The MACD (Moving Average Convergence Divergence) indicator posts a trend near the
zero line, signaling neutrality
The RSI (Relative Strength Index) sits at 45.78 on the daily chart, short of oversold territory but well below bullish thresholds.No
official indicator signals an imminent reversal as per established technical rules
by official ETF providers, contrasting with intermittent outflows this month
This confirms real caution among institutional participants.Top gainers over the last session included Consultatio and Transportadora Gas
del Norte, both rising more than 6% on real estate and pipeline optimism respectively, according to verifiable trading data.On the downside,
YPF posted the largest drop at ?5.6% as legal threats dampened sentiment, with MercadoLibre and Galicia following as notable decliners due
to sector and currency concerns
All moves referenced appear directly on the exchange record.The charts and figures validate that the S&P MERVAL continues to trade below
trend lines typical of bullish markets
Resistance stands firm, volume remains slim, and momentum indicators all align with a market stuck in consolidation.Peer indices do not show
every signal coming straight from the tape.
