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Capitec Bank/Top 40 Ratio (Monthly MACD)

  • Writer: Lester Davids
    Lester Davids
  • 1 day ago
  • 1 min read

What is the MACD Indicator? Moving average convergence/divergence (MACD) is a technical indicator to help investors identify price trends, measure trend momentum, and identify entry points for buying or selling. Moving average convergence/divergence (MACD) is a trend-following momentum indicator that shows the relationship between two exponential moving averages (EMAs) of a security’s price.


Sharp back-test of the long term trend line + pending bearish MACD crossover. One cannot dispute the fundamental growth however, on a relative (technical) basis, the share's momentum appears to waning.


CPI/J200 Ratio Chart as of Thursday 03 April at 20h31
CPI/J200 Ratio Chart as of Thursday 03 April at 20h31

Lester Davids

Analyst: Unum Capital

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