🖥️Technical Screen: Momentum Regime via Monthly Time Frame

Research: November 2026 > https://www.unum.capital/post/rnov2026

Date/Time: Monday, 02 November 2026 (Pre-Market)

Monthly Time Frame

• OVERBOUGHT 🟥: ADH, EXP, SHP

  • Interpretation: This indicates that the asset (for e.g. a stock, index or currency) has experienced a significant price increase in a short period, leading to a potential overvaluation.   

  • Trading Implications: Traders might consider closing exisiting buy/long positions, or consider starting a sell/short position, with the expectation of the start of a top, followed by a bearish reversal.   

    
    

• HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT 🟠: BOX, GND, OMN, REM, SDO, SNT, SOL

  • Interpretation: The asset is in a strong uptrend with high buying pressure, but it's approaching the overbought zone.   

  • Trading Implications: Traders might consider taking profits on existing long positions or exercising caution, as the asset might be nearing a potential reversal.

• STRONG 🟦: AEL, ANH, APN, ATT, BID, BTI, BYI, CPI, DIB, DSY, EQU, FTA, FTB, HYP, JSE, KRO, KST, LTE, NTC, OCE, OUT, PIK, PPC, RDF, SBP, SEA, SOLBE1, SSU, TKG, VKE, VOD

  • Interpretation: The asset is in a clear uptrend with positive momentum, but not yet in the overbought territory.   

  • Trading Implications: This is generally a favorable zone for long positions (buying the asset). 

• NEUTRAL⬜: ABG, AFH, AFT, AGL, ANG, APH, BAT, BHG, BLU, BTN, BVT, CFR, DRD, EMI, EXX, FFB, FSR, GCT, GFI, GLN, HAR, HCI, HMN, INL, INP, KAP, LHC, MKR, MRP, MSP, MTH, MTM, MTN, NED, NRP, OMU, PAN, PHP, PMR, QLT, RBX, RES, S32, SAC, SBK, SHC, SLM, SPG, SRE, SRI, SSS, SUI, SYG, TBS, TGA, THA, TSG, VAL, WBO, WVR

  • Interpretation: The asset's price is relatively stable with no strong bullish or bearish signals.   

  • Trading Implications: Traders might wait for clearer signals to form before taking a position. 

• WEAK 🟨: AFE, ARI, ARL, AVI, CCD, CML, DTC, FBR, GRT, IMP, ITE, LSK, MNP, N91, NPH, NY1, OPA, PWR, RCL, RLO, RNI, SAP, SPP, SSW, TRU

  • Interpretation: The asset is in a downtrend with negative momentum.   

  • Trading Implications: Traders might consider shorting the asset or avoiding long positions. 

• HIGH BEARISH MOMENTUM / APPROACHING OVERSOLD 🔵: CAA, CLS, KIO, NPN, PPH, PRX, WHL

  • Interpretation: The asset is in a strong downtrend with high selling pressure, but it's approaching the oversold zone.   

  • Trading Implications: Traders might consider shorting the asset on rallies, with the view that the trend lower continues or consider starting an initial lbuy/ong position with the expectation of a potential base and bullish reversal.   

    
    

• OVERSOLD 🟩: DCP, ISO, TFG, WBC (Note: CNP is omitted from the Monthly breakdown due to lack of historical monthly data).

  • Interpretation: The asset has experienced a significant price decline in a short period, leading to a potential technical undervaluation.   

  • Trading Implications: Traders might consider closing exisiting sell/short positions, or consider starting a buy/long position, with the expectation of the start of a base, followed by a bullish reversal.