Contractionary Breadth: Advance/Decline Ratio = 0.35 / Heavy Institutional Fading
- Lester Davids
- 16 hours ago
- 1 min read
Research Notes April 2026 > https://www.unum.capital/post/rapril2026
Trade Local & Global Financial Markets with Unum Capital.
To get started, email tradingdesk@unum.co.za
The broad market exhibited severe contractionary breadth at Wednesday's close, with an Advance/Decline ratio of 0.35. Long-term structural health remains robust with 60.7% of issues above their 200-day SMA. Intraday metrics warned of heavy institutional supply/fading after the open, as 69 names drifted lower from their opening prints.
Lester Davids
Senior Investment Analyst: Unum Capital
Comments