top of page

The Momentum Report

Writer: Lester Davids
Lester Davids
4 days ago
2 min read

Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data.


  1. 🟩 🟢 ↗️ HAR Rebounds From Record Lows: Harmony Gold (HAR) lifted its 7-day RSI from an extreme 12.16 to 31.78, confirming an aggressive tactical mean-reversion coil after days of unmitigated liquidation.

  2. 🟦 🔵 ⬆️ WHL Momentum Breakout: Woolworths (WHL) saw its tactical 7-day RSI surge from 45.66 to 71.79. The velocity of this hook confirms that institutional short-covering has transitioned into active dip-absorption.

  3. 🟦 🔵 ⬆️ SNT Sustains Historic Extension: Santam (SNT) printed 48,440 ZAC, maintaining an extreme 7-day RSI of 86.22 and 14-week RSI of 78.61. The momentum regime remains parabolic, defying standard overbought parameters.

  4. 🟦 🔵 ⬆️ SOL Grinds in Overbought Upper Band: Despite a minor −1.13% pullback, Sasol (SOL) retained a blistering 7-day RSI of 77.42 and a secular RSI of 74.15, displaying runaway institutional sponsorship.

  5. 🟩 🟢 ↗️ TRU Relative Strength Surge: Truworths (TRU) pushed its 7-day RSI to 67.34 (+2.40% today), punching through its 21-day EMA (4,398 ZAC) and leading the domestic discretionary retail recovery.

  6. 🟥 🔴 ⬇️ IMP & VAL Pinned in Momentum Basement: Impala Platinum (IMP) (7D RSI: 20.74) and Valterra (VAL) (7D RSI: 25.85) remain structurally depressed, failing to participate in the broader commodity bounce.

  7. 🟩 🟢 ↗️ ANG Momentum Hook: AngloGold Ashanti (ANG) catapulted its 7-day RSI from 25.77 to 48.37, clearing the dynamic midpoint and signaling immediate seller exhaustion.

  8. 🟦 🔵 ⬆️ DTC Enters Power-Trend Regime: Datatec (DTC) surged +1.67% to 8,590 ZAC, driving its 7-day RSI to 81.78 and clearing all trailing moving averages in a volume-backed trend continuation.

  9. 🟨 🟡 ↘️ Banking Momentum Subdued: FirstRand (FSR) (7D RSI: 30.45) and Standard Bank (SBK) (7D RSI: 33.56) generated mild upward ticks but remain capped beneath the 40-level neutral threshold.

  10. 🟥 🔴 ⬇️ WBC Exhaustion Continues: We Buy Cars (WBC) posted a flat tick at 2,593 ZAC, keeping its 7-day RSI pinned at 24.47 with an abysmal 14-week intermediate reading of 9.58.

Comments

bottom of page