JSE Market Breadth: Monthly Time Frame

Overall Trend: The market appears to be in a relatively strong uptrend with a significant portion of constituents showing bullish momentum.

Data as of end of day Friday 27 December 2024

Breakdown:

• Overbought: 11 constituents

• High Bullish Momentum / Approaching Overbought: 11 constituents

• Strong: 30 constituents

• Neutral: 27 constituents

• Weak: 19 constituents

• High Bearish Momentum / Approaching Oversold: 0 constituents

• Oversold: 3 constituents

Lester Davids

Analyst: Unum Capital