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  • Lester Davids

Sibanye Stillwater (SSW): Here's What You Should Know - Tuesday, 09 April 2024

Tuesday, 09 April 2024 | 11h46


Reading Time: 2 Minutes


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Key Points


  • Significant price advance (+37%) from 07 March note highlighting technical view and readings from Tactical Trading Guide.

  • Applying a short term technical rating, at current levels, the share is overbought.

  • The unfilled gap from 19 October has now been filled.

  • The share is trading at more than 2x it's standard deviation over 200 days. This is also considered overbought.

  • The share is trading 21% above it's 21-day exponential moving average. This is the most extended since July 2020.

  • If you are holding from much lower levels, it may be prudent to consider reducing some of the position.


Updated Chart



Price applied with 200-day linear regression channel.



Price vs 21-EMA



The original comment, as published on Thursday 07 March, is shown below (Was 1954c, now nearing 2700c).



Lester Davids

Analyst: Unum Capital

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