Market Conditions for MERV as at Feb 21, 2020
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Last 30 Days:
Support & Resistance
Multi Time Period Price Performance for MERVAL Index
MERVAL Index ProfileThe MERVAL Index (MERV), often abbreviated as the MERVAL is a stock market index trading in Argentina at the Buenos Aires Stock Exchange (BCBA). The price of the index is quoted in Argentine Peso (ARS) and it last closed -0.92% lower at $38,602.48 on Friday.
Technical Analysis Summary for Feb. 21, 2020
Though the stock index is currently in a short-term downtrend, this could just be a correction, as both the medium and long-term trends are still bullish. Friday's trading range has been $1014.87 (2.6%), that's slightly below the last trading month's daily average range of $1145.03. Selling might accelerate should prices move below the nearby swing low at 37976.85 where further sell stops could get triggered.