Grupo Supervielle's 15min chart triggers Bollinger Bands narrowing, KDJ death cross.

Grupo Supervielle's 15-minute chart has exhibited Bollinger Bands Narrowing, coupled with a KDJ Death Cross at 08/29/2025 14:45, indicating a decline in the magnitude of stock price fluctuations and a shift in momentum towards the downside, potentially leading to further decreases in stock price.

Argentina's financial markets experienced significant turbulence this past week, with both stocks and bonds posting their sharpest weekly losses since early April. The S&P Merval index, a benchmark for the Argentine stock market, fell 3.8% in pesos and 6.3% in dollars, marking its steepest weekly decline since the foreign exchange regime shift and IMF deal [1].

The primary drivers of this decline were the upcoming elections, government legislative setbacks, and heightened volatility in interest rates. Key political developments included the opposition's vetoing of fiscal cost-related bills and the Central Bank's adjustments to reserve requirements for banks, which contributed to the market's uncertainty [1].

Among the top decliners were Edenor, Sociedad Comercial del Plata, Banco de Valores, and Metrogas, while Cresud and YPF were notable gainers. On Wall Street, Argentine ADRs also closed mostly lower, with Edenor, Telecom, and BBVA leading the decline [1].

Bonds also performed poorly, with sovereign bonds closing mixed amid heavy rate volatility. The Global 2046 and Global 2029 were the biggest losers, while Global 2041 and Bonar 2030 were among the gainers. Country risk, as measured by J.P. Morgan’s index, rose significantly to 753 basis points, marking its largest increase since early April [1].

For Grupo Supervielle, the 15-minute chart exhibited Bollinger Bands narrowing, coupled with a KDJ Death Cross at 08/29/2025 14:45, indicating a decline in the magnitude of stock price fluctuations and a shift in momentum towards the downside. This technical analysis suggests that further decreases in the stock price are likely [2].

The VanEck Rare Earth/Strategic Metals ETF outperformed other ETFs on Monday, up about 4.5%, with MP Materials and Tronox Holdings showing particular strength. Conversely, the Global X MSCI Argentina ETF underperformed, with Grupo Supervielle and Empresa Distribuidora Y Comercializadora among the weakest components [2].

References:
[1] https://www.fxleaders.com/news/2025/08/22/argentina-stocks-and-bonds-suffer-sharpest-weekly-loss-since-april/
[2] https://www.nasdaq.com/articles/mondays-etf-movers-remx-argt