JSE Market Breadth Stocks>MA

This indicator is for the Johannesburg Stock Exchange (JSE) and indicates the number of stocks in the Top 40 Index above its selected Smooth Moving Average ( SMA ). Typically the 200SMA is used to see the longer term health of the market and the 50SMA for a short term view. Currently the market has reached a point that less than 2% of stocks were above their 200SMA which is the lowest since 2013.

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