Tracking Trajectory: JSE Sector Momentum

Research: October 2026 > https://www.unum.capital/post/roct2026

For our clients tracking multi-week momentum trajectory.

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

• Technology: Weak → Weak → High Bearish/Approaching Oversold → Neutral → Neutral (Selling Pressure Abating)   

• Div. Miners: Weak → High Bullish/Approaching Overbought → Neutral → Neutral → Overbought (Surging Extreme Momentum)   

• Banks: Neutral → High Bearish/Approaching Oversold → Neutral → High Bearish/Approaching Oversold → Neutral (Volatile Consolidation)   

• Insurers: Neutral → Neutral → Neutral → High Bearish/Approaching Oversold → Weak (Steady Deterioration)   

• Gold Miners: Neutral → Strong → Neutral → High Bullish/Approaching Overbought → Neutral (Momentum Evaporating)   

• Plat. Miners: Neutral → Strong → Strong → Overbought → Neutral (Cooling Post-Spike)   

• Cons Staples: Neutral → Neutral → Strong → High Bearish/Approaching Oversold → Neutral (Choppy Sideways)   

• Cons Disc: Weak → Oversold → High Bullish/Approaching Overbought → Weak → Overbought (Extreme Whipsaw)   

• Hospitals: Neutral → Weak → Strong → Weak → Strong (Erratic but Firming)   

• Coal Miners: High Bullish/Approaching Overbought → Neutral → Strong → Weak → Neutral (Fading to Neutral)   

• Telecoms: Neutral → Weak → Weak → Oversold → Neutral (Base Building Attempt)   

• Paper & Pulp: Weak → Neutral → Neutral → Strong → Neutral (Failed Rallies)   

• Chemicals: Neutral → Weak → Weak → High Bearish/Approaching Oversold → Strong (V-Shaped Recovery)   

• Luxury Goods: Weak → Neutral → Weak → High Bearish/Approaching Oversold → Strong (Sudden Reversal)