JSE SECTOR RATINGS Technology, Consumer Staples, Healthcare, Diversified Miners & More

Here are some key observations for the JSE sector ratings from long term to short term:

Long Term:

Insurers are the only sector rated "Overbought," indicating potential for a correction.

Consumer Staples and Luxury Goods are rated "Strong," suggesting long-term growth prospects.

Banks are rated "High Bullish Momentum / Approaching Overbought," indicating strong momentum but approaching a potential overbought condition.

Chemicals are rated "High Bearish Momentum / Approaching Oversold," suggesting a potential for a reversal.

Medium Term:

Insurers remain "Strong," indicating continued medium-term optimism.

Luxury Goods and Consumer Staples also remain "Strong."

Chemicals are rated "High Bearish Momentum / Approaching Oversold," indicating a potential for a reversal in the medium term as well.

Short Term:

Insurers and Luxury Goods are rated "Strong," suggesting strong buying interest.

Tech is rated "Oversold," indicating a potential for a rebound.

Chemicals remain "High Bearish Momentum / Approaching Oversold," suggesting continued caution in the short term.

Lester Davids

Analyst: Unum Capital