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MTN Group

Writer: Lester Davids
Lester Davids
Oct 5
1 min read

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


For our clients trading or considering trading MTN Group


Last Close = 18377c


  • Technical Status: Counter-trend consolidation attempting to carve an intermediate base following a severe multi-month drawdown; price is testing resistance at descending short-term moving averages.


  • Momentum Regimes: Weak tactical, High Bearish / Approaching Oversold intermediate, and Neutral secular


  • Trends & Price Action: Long-term trend remains positive (+25.52% 1-year), but short- and medium-term trends are heavily impaired (−7.29% 1-month and −19.35% 3-month). Price is trading below the 8-day (18,797 ZAC), 21-day (19,321 ZAC), 75-day (20,190 ZAC), and 200-day SMA (19,992 ZAC), as well as the 50-week EMA (19,083 ZAC). It is currently oscillating near its recent 1-month and 3-month support low of 17,380 ZAC.


  • Key Metrics:

    • Market Cap: 316.28 B ZAR

    • Technical Fair Value (TFV): 20,206 ZAC

    • Valuation: Discount (−8.68%)

    • Technical Rating: ⭐⭐☆☆☆


  • Trading Outlook:

    • Buy/Long R:R: 🟡 Moderate

    • Sell/Short R:R: 🟡 Moderate

    • Best Probability Action: Sell on sharp rally 🟠


  • Risks:

    • Upside Risk (Shorts): A sharp short squeeze could unfold if buyers defend the 17,380 ZAC double-bottom, accelerating price toward the TFV at 20,206 ZAC.

    • Downside Risk (Longs): A breakdown below 17,380 ZAC invalidates the basing thesis and opens a direct path to the 52-week low at 14,240 ZAC.

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