top of page

JSE Relative Sector Ratings: Here's What's Leading/Improving

  • Writer: Lester Davids
    Lester Davids
  • 6 hours ago
  • 2 min read

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may

Trade Local & Global Financial Markets with Unum Capital.

To get started, email tradingdesk@unum.co.za


The following is an analysis of the JSE sectors based on the provided table, considering the short term has the most weight, followed by medium term, then long term.



Sector Analysis:

  • Technology VS TOP 40: Weak (Short Term) > Neutral (Medium Term) > Strong (Long Term) - Deterioration.

  • Miners VS TOP 40: Neutral (Short Term) > Weak (Medium Term) > High Bearish Momentum / Approaching Oversold (Long Term) - Deterioration.

  • Banks VS TOP 40: Weak (Short Term) > Neutral (Medium Term) > Neutral (Long Term) - Deterioration.

  • Insurers VS TOP 40: Weak (Short Term) > Neutral (Medium Term) > Neutral (Long Term) - Deterioration.

  • Gold Miners VS TOP 40: Strong (Short Term) > Neutral (Medium Term) > Strong (Long Term) - Improvement.

  • Platinum Miners VS TOP 40: Overbought (Short Term) > Strong (Medium Term) > Neutral (Long Term) - Improvement.

  • Consumer Staples VS TOP 40: Strong (Short Term) > Neutral (Medium Term) > Neutral (Long Term) - Improvement.

  • Consumer Disc. VS TOP 40: Weak (Short Term) > Neutral (Medium Term) > Neutral (Long Term) - Deterioration.

  • Healthcare VS TOP 40: Strong (Short Term) > Neutral (Medium Term) > Neutral (Long Term) - Improvement.

  • Hospitals VS TOP 40: Weak (Short Term) > Neutral (Medium Term) > Neutral (Long Term) - Deterioration.

  • Coal Miners VS TOP 40: Weak (Short Term) > Oversold (Medium Term) > High Bearish Momentum / Approaching Oversold (Long Term) - Mixed.

  • Telecoms VS TOP 40: Neutral (Short Term) > Strong (Medium Term) > Strong (Long Term) - Mixed.

  • Paper & Pulp VS TOP 40: Weak (Short Term) > Weak (Medium Term) > Oversold (Long Term) - Mixed.

  • Chemicals VS TOP 40: Strong (Short Term) > Strong (Medium Term) > High Bearish Momentum / Approaching Oversold (Long Term) - Mixed.

  • Luxury Goods VS TOP 40: Neutral (Short Term) > Neutral (Medium Term) > Neutral (Long Term) - Neutral.


Summary Ranking of Sectors (Preference based on weighted timeframes):

  1. Platinum Miners VS TOP 40 (Short Term: Overbought)

  2. Healthcare VS TOP 40 (Short Term: Strong)

  3. Consumer Staples VS TOP 40 (Short Term: Strong)

  4. Gold Miners VS TOP 40 (Short Term: Strong)

  5. Chemicals VS TOP 40 (Short Term: Strong, Medium Term: Strong)

  6. Telecoms VS TOP 40 (Short Term: Neutral, Medium Term: Strong, Long Term: Strong)

  7. Luxury Goods VS TOP 40 (Neutral across all terms)

  8. Banks VS TOP 40 (Short Term: Weak, Medium Term: Neutral, Long Term: Neutral)

  9. Insurers VS TOP 40 (Short Term: Weak, Medium Term: Neutral, Long Term: Neutral)

  10. Consumer Disc. VS TOP 40 (Short Term: Weak, Medium Term: Neutral, Long Term: Neutral)

  11. Hospitals VS TOP 40 (Short Term: Weak, Medium Term: Neutral, Long Term: Neutral)

  12. Technology VS TOP 40 (Short Term: Weak, Medium Term: Neutral, Long Term: Strong)

  13. Paper & Pulp VS TOP 40 (Short Term: Weak, Medium Term: Weak, Long Term: Oversold)

  14. Coal Miners VS TOP 40 (Short Term: Weak, Medium Term: Oversold, Long Term: High Bearish Momentum / Approaching Oversold)

  15. Miners VS TOP 40 (Short Term: Neutral, Medium Term: Weak, Long Term: High Bearish Momentum / Approaching Oversold)


Lester Davids

Senior Investment Analyst: Unum Capital

Comments

bottom of page