Enter an amount. See how the decision is made.

Every company is scored out of 100 on dividend safety (40%), balance sheet strength (25%), profitability (25%) and valuation (10%). Your amount is then used to build a worked educational example of how a diversified split could look — one company per sector — with the rand figures, EasyEquities costs and the reasoning behind every slice, so you learn the method rather than follow a tip. This is not a recommendation to buy or sell anything.

Primary focus · day trading

Gold (XAUUSD), silver (XAGUSD), USA100 and USA30 are our first-choice instruments, traded through HFM with cycle reads and order block levels. Dividend shares below are the long-term side of the plan, bought on EasyEquities.

Gold, silver & indices Learn the basics

Search every listed share

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Type any company or ticker. Fundamentals, cycle analysis and the rand plan are pulled live the moment you add it to the screen.

Worked example · EasyEquities costs

Enter an amount and the tool illustrates how a diversified rand split could be constructed, modelled on the real EasyEquities cost stack — 0.25% brokerage, Strate, STT, VAT, FX spread and dividend withholding tax — so the income figures reflect what would actually land in an account. Educational illustration only, not advice or a recommendation.

Amount to invest (ZAR)

USD / ZAR rate

Used for the USD account. US buys also carry the ~0.5% conversion spread.

W-8BEN on file

15% US withholding

JSE dividends are taxed at 20% SA DWT. EasyEquities TFSA holds ETFs and bundles, not single shares.

Spread across4 companies

One company per sector first, so the money is spread rather than doubled up.

Strategy tilt

Quality and income weighted evenly

Recommended split for R 5 000

4 companies across 4 sectors · 100% JSE

R 350

Net income yr 1

R 647

Net income yr 10

7.00%

Blended net yield

R 79,49

Total entry costs

1
JSEB
Exxaro Resources · Energy · R 210,00
R 1 400
28% of your money
Example size
6.568 shares
Costs
R 20,68
1.48% drag
Net dividends yr 1
R 108,13
R 9,01/mo avg
Net dividends yr 10
R 201
at 6.4% growth
- Conservative balance sheet: 0.18 debt/equity and 18x interest cover.
- Trades on just 6.2x earnings, so you are not paying up for the yield.
- ZAR account: 20% withholding tax leaves a 7.7% net yield on cost.
2
JSEB
Kumba Iron Ore · Materials · R 345,00
R 1 350
27% of your money
Example size
3.854 shares
Costs
R 20,41
1.51% drag
Net dividends yr 1
R 97,85
R 8,15/mo avg
Net dividends yr 10
R 148
at 4.2% growth
- 12-year unbroken dividend record, so the payout is a management commitment, not a one-off.
- Payout ratio of 86% is stretched — held at a smaller weight for that reason.
- Conservative balance sheet: 0.05 debt/equity and 40x interest cover.
- Earns 32% on equity at a 21% net margin, which is what funds future increases.
3
JSEB
Absa Group · Financials · R 182,40
R 1 200
24% of your money
Example size
6.471 shares
Costs
R 19,61
1.63% drag
Net dividends yr 1
R 76,48
R 6,37/mo avg
Net dividends yr 10
R 206
at 10.4% growth
- Dividend has compounded at 10.4% a year, roughly doubling your income every 7 years.
- Trades on just 6.9x earnings, so you are not paying up for the yield.
- ZAR account: 20% withholding tax leaves a 6.4% net yield on cost.
4
JSEC+
British American Tobacco · Consumer Staples · R 712,00
R 1 050
21% of your money
Example size
1.448 shares
Costs
R 18,80
1.79% drag
Net dividends yr 1
R 67,64
R 5,64/mo avg
Net dividends yr 10
R 93
at 3.2% growth
- 25 straight years of dividends — it has paid through every crisis in living memory.
- Trades on just 8.6x earnings, so you are not paying up for the yield.
- ZAR account: 20% withholding tax leaves a 6.4% net yield on cost.

JSE trades carry a minimum R11.53 Strate fee, so slices under about R1,500 lose more to costs. Consider fewer holdings or a larger amount.

100% sits in one market (JSE) — widen the screen for more currency spread.

Top 100 companies by score

100 US and JSE large caps ranked on the composite score — adjust the screen below and the recommended split updates with it.

Sort

Company	Cycle
1 MRKUS Merck & Co · $92.70 buys 2.93 shares · R 37,22 costs	—	79A	3.5%	3.0%	R 148	44%	7.2%	32%	12.4x
2 VUS Visa · $272.40 buys 1.00 shares · R 37,22 costs	—	77B+	0.8%	0.7%	R 34	22%	15.2%	48%	29.6x
3 MSFTUS Microsoft · $424.60 buys 0.64 shares · R 37,22 costs	—	76B+	0.8%	0.7%	R 34	25%	10.2%	35%	33.5x
4 CATUS Caterpillar · $392.00 buys 0.69 shares · R 37,22 costs	—	73B+	1.5%	1.3%	R 63	28%	8.4%	53%	17.8x
5 IMPJSE Impala Platinum · R 285,00 buys 17.4 shares · R 39,93 costs	—	73B+	3.8%	3.0%	R 151	42%	12.4%	18%	9.4x
6 NVDAUS NVIDIA · $122.80 buys 2.21 shares · R 37,22 costs	—	72B+	0.0%	0.0%	R 1	2%	4.0%	91%	45.0x
7 CFRJSE Richemont · R 2 856,00 buys 1.74 shares · R 39,93 costs	—	71B+	2.1%	1.7%	R 83	40%	9.6%	18%	20.4x
8 GFIJSE Gold Fields · R 324,00 buys 15.3 shares · R 39,93 costs	—	71B+	2.6%	2.1%	R 103	38%	22.4%	17%	13.8x
9 JNJUS Johnson & Johnson · $158.40 buys 1.72 shares · R 37,22 costs	—	71B+	3.1%	2.6%	R 131	49%	5.8%	23%	15.6x
10 BHGJSE BHP Group · R 478,00 buys 10.4 shares · R 39,93 costs	—	71B+	5.2%	4.1%	R 206	62%	8.4%	22%	11.4x
11 ADPUS Automatic Data Processing · $296.50 buys 0.92 shares · R 37,22 costs	—	70B+	2.1%	1.8%	R 89	58%	12.1%	82%	27.9x
12 METAUS Meta Platforms · $498.20 buys 0.55 shares · R 37,22 costs	—	70B+	0.4%	0.3%	R 17	8%	0.0%	33%	26.1x
13 MAUS Mastercard · $452.80 buys 0.60 shares · R 37,22 costs	—	70B+	0.6%	0.5%	R 25	20%	16.4%	172%	34.8x
14 GOOGLUS Alphabet (Google) · $176.30 buys 1.54 shares · R 37,22 costs	—	69B+	0.5%	0.4%	R 21	9%	0.0%	30%	24.8x
15 AMSJSE Anglo American Platinum · R 1 320,00 buys 3.76 shares · R 39,93 costs	—	69B+	4.2%	3.3%	R 167	58%	8.6%	23%	11.2x
16 COSTUS Costco Wholesale · $842.50 buys 0.32 shares · R 37,22 costs	—	68B+	0.5%	0.4%	R 21	28%	12.8%	30%	49.5x
17 EXXJSE Exxaro Resources · R 210,00 buys 23.6 shares · R 39,93 costs	—	68B	9.8%	7.8%	R 389	72%	6.4%	18%	6.2x
18 ABTUS Abbott Laboratories · $132.50 buys 2.05 shares · R 37,22 costs	—	68B	1.9%	1.6%	R 80	45%	10.4%	18%	24.6x
19 REMJSE Remgro · R 149,80 buys 33.1 shares · R 39,93 costs	—	67B	2.6%	2.1%	R 103	32%	7.4%	8%	10.4x
20 CBUS Chubb · $282.00 buys 0.96 shares · R 37,22 costs	—	67B	1.4%	1.2%	R 59	22%	6.4%	14%	12.4x
21 KIOJSE Kumba Iron Ore · R 345,00 buys 14.4 shares · R 39,93 costs	—	67B	9.2%	7.3%	R 365	86%	4.2%	32%	7.4x
22 AAPLUS Apple · $214.50 buys 1.27 shares · R 37,22 costs	—	67B	0.5%	0.4%	R 21	15%	5.4%	147%	32.4x
23 CPIJSE Capitec Bank Holdings · R 2 895,00 buys 1.71 shares · R 39,93 costs	—	67B	1.9%	1.5%	R 75	40%	18.4%	29%	28.4x
24 UNHUS UnitedHealth Group · $486.00 buys 0.56 shares · R 37,22 costs	—	67B	1.7%	1.4%	R 72	32%	16.2%	25%	17.4x
25 BLKUS BlackRock · $1,050.00 buys 0.26 shares · R 37,22 costs	—	66B	2.0%	1.7%	R 84	48%	11.4%	15%	23.4x
26 CVXUS Chevron · $152.30 buys 1.79 shares · R 37,22 costs	—	66B	4.4%	3.7%	R 186	55%	6.1%	13%	14.2x
27 SNTJSE Santam · R 415,00 buys 12.0 shares · R 39,93 costs	—	66B	4.2%	3.3%	R 167	52%	7.6%	25%	12.6x
28 XOMUS Exxon Mobil · $114.20 buys 2.38 shares · R 37,22 costs	—	66B	3.3%	2.8%	R 139	46%	2.4%	17%	13.6x
29 SBKJSE Standard Bank Group · R 221,50 buys 22.4 shares · R 39,93 costs	—	66B	6.4%	5.1%	R 254	54%	9.1%	18%	8.1x
30 NEDJSE Nedbank Group · R 261,50 buys 19.0 shares · R 39,93 costs	—	66B	7.4%	5.9%	R 294	55%	11.2%	15%	7.4x
31 GILDUS Gilead Sciences · $112.00 buys 2.43 shares · R 37,22 costs	—	66B	2.8%	2.4%	R 118	48%	5.6%	27%	13.4x
32 LLYUS Eli Lilly · $842.00 buys 0.32 shares · R 37,22 costs	—	66B	0.7%	0.6%	R 30	34%	15.2%	52%	58.0x
33 SPGIUS S&P Global · $512.00 buys 0.53 shares · R 37,22 costs	—	66B	0.8%	0.7%	R 34	28%	12.4%	12%	34.6x
34 FSRJSE FirstRand · R 74,50 buys 66.6 shares · R 39,93 costs	—	66B	5.8%	4.6%	R 230	56%	8.4%	20%	9.6x
35 ITWUS Illinois Tool Works · $258.00 buys 1.05 shares · R 37,22 costs	—	65B	2.4%	2.0%	R 101	55%	7.4%	96%	22.6x
36 JPMUS JPMorgan Chase · $204.60 buys 1.33 shares · R 37,22 costs	—	65B	2.3%	1.9%	R 97	28%	8.6%	17%	11.8x
37 DEUS Deere & Company · $448.00 buys 0.61 shares · R 37,22 costs	—	65B	1.4%	1.2%	R 59	22%	12.6%	32%	15.2x
38 ANGJSE AngloGold Ashanti · R 512,00 buys 9.69 shares · R 39,93 costs	—	64B	2.2%	1.7%	R 87	36%	15.8%	15%	14.6x
39 TXNUS Texas Instruments · $189.40 buys 1.44 shares · R 37,22 costs	—	64B	2.9%	2.4%	R 122	72%	11.8%	33%	26.8x
40 MRPJSE Mr Price Group · R 223,80 buys 22.2 shares · R 39,93 costs	—	64B	4.2%	3.3%	R 167	63%	6.8%	22%	14.8x
41 SLMJSE Sanlam · R 84,20 buys 58.9 shares · R 39,93 costs	—	63B	5.4%	4.3%	R 214	62%	8.8%	19%	11.6x
42 HONUS Honeywell · $212.00 buys 1.28 shares · R 37,22 costs	—	63B	2.1%	1.8%	R 89	46%	7.2%	34%	22.4x
43 BVTJSE Bidvest Group · R 276,00 buys 18.0 shares · R 39,93 costs	—	63B	3.4%	2.7%	R 135	48%	9.8%	19%	14.2x
44 ABGJSE Absa Group · R 182,40 buys 27.2 shares · R 39,93 costs	—	63B	8.1%	6.4%	R 321	58%	10.4%	15%	6.9x
45 ELVUS Elevance Health · $336.00 buys 0.81 shares · R 37,22 costs	—	62B	1.9%	1.6%	R 80	24%	14.8%	15%	12.4x
46 NKEUS Nike · $68.00 buys 4.00 shares · R 37,22 costs	—	62B	2.4%	2.0%	R 101	52%	10.8%	31%	22.8x
47 NPNJSE Naspers · R 4 025,00 buys 1.23 shares · R 39,93 costs	—	62B	0.4%	0.3%	R 16	6%	6.4%	11%	14.2x
48 PRXJSE Prosus · R 784,00 buys 6.33 shares · R 39,93 costs	—	62B	0.3%	0.2%	R 12	5%	5.2%	10%	13.4x
49 BMYUS Bristol-Myers Squibb · $52.80 buys 5.15 shares · R 37,22 costs	—	61B	4.6%	3.9%	R 194	55%	6.4%	25%	8.2x
50 CLSJSE Clicks Group · R 314,50 buys 15.8 shares · R 39,93 costs	—	61B	2.4%	1.9%	R 95	62%	10.6%	43%	25.6x
51 AVGOUS Broadcom · $168.40 buys 1.61 shares · R 37,22 costs	—	61B	1.3%	1.1%	R 55	46%	17.4%	43%	34.2x
52 PGUS Procter & Gamble · $161.50 buys 1.68 shares · R 37,22 costs	—	61B	2.5%	2.1%	R 105	60%	5.4%	31%	24.1x
53 CMCSAUS Comcast · $32.00 buys 8.50 shares · R 37,22 costs	—	61B	4.1%	3.5%	R 173	34%	9.6%	16%	7.8x
54 LOWUS Lowe's · $232.00 buys 1.17 shares · R 37,22 costs	—	61B	2.0%	1.7%	R 84	38%	18.4%	150%	19.2x
55 LINUS Linde · $458.00 buys 0.59 shares · R 37,22 costs	—	60B	1.3%	1.1%	R 55	42%	9.8%	16%	29.4x
56 CSCOUS Cisco Systems · $68.20 buys 3.99 shares · R 37,22 costs	—	60B	2.4%	2.0%	R 101	46%	2.6%	21%	18.6x
57 BIDJSE Bid Corp · R 485,00 buys 10.2 shares · R 39,93 costs	—	59B	2.9%	2.3%	R 115	48%	9.8%	22%	19.4x
58 UNPUS Union Pacific · $232.00 buys 1.17 shares · R 37,22 costs	—	58B	2.3%	1.9%	R 97	48%	8.6%	43%	20.4x
59 AXPUS American Express · $298.00 buys 0.91 shares · R 37,22 costs	—	58B	1.1%	0.9%	R 46	20%	12.4%	34%	20.4x
60 SHPJSE Shoprite Holdings · R 268,40 buys 18.5 shares · R 39,93 costs	—	58C+	2.8%	2.2%	R 111	50%	12.6%	25%	21.5x
61 WHLJSE Woolworths Holdings · R 59,80 buys 82.9 shares · R 39,93 costs	—	57C+	6.6%	5.2%	R 262	70%	9.2%	26%	10.6x
62 KOUS The Coca-Cola Company · $62.10 buys 4.38 shares · R 37,22 costs	—	57C+	3.2%	2.7%	R 135	68%	3.5%	40%	22.8x
63 BTIJSE British American Tobacco · R 712,00 buys 6.97 shares · R 39,93 costs	—	56C+	8.2%	6.5%	R 325	68%	3.2%	12%	8.6x
64 EMRUS Emerson Electric · $118.00 buys 2.30 shares · R 37,22 costs	—	56C+	1.8%	1.5%	R 76	42%	1.4%	15%	21.4x
65 LMTUS Lockheed Martin · $452.10 buys 0.60 shares · R 37,22 costs	—	56C+	2.9%	2.4%	R 122	48%	7.4%	76%	17.1x
66 SHWUS Sherwin-Williams · $348.00 buys 0.78 shares · R 37,22 costs	—	55C+	0.9%	0.8%	R 38	26%	12.4%	64%	32.4x
67 BACUS Bank of America · $46.00 buys 5.91 shares · R 37,22 costs	—	55C+	2.4%	2.0%	R 101	30%	10.6%	10%	12.6x
68 MOUS Altria · $51.60 buys 5.27 shares · R 37,22 costs	—	55C+	7.9%	6.7%	R 333	79%	4.4%	120%	9.8x
69 HDUS Home Depot · $358.00 buys 0.76 shares · R 37,22 costs	—	55C+	2.6%	2.2%	R 110	60%	11.2%	92%	23.5x
70 MDTUS Medtronic · $92.40 buys 2.94 shares · R 37,22 costs	—	54C+	3.1%	2.6%	R 131	62%	5.4%	11%	18.2x
71 OMUJSE Old Mutual · R 13,50 buys 367.4 shares · R 39,93 costs	—	54C+	7.4%	5.9%	R 294	62%	6.8%	12%	8.4x
72 ABBVUS AbbVie · $178.90 buys 1.52 shares · R 37,22 costs	—	53C+	3.7%	3.1%	R 156	74%	12.4%	48%	17.3x
73 MCDUS McDonald's · $298.00 buys 0.91 shares · R 37,22 costs	—	53C+	2.4%	2.0%	R 101	58%	7.6%	180%	24.2x
74 UPSUS United Parcel Service · $96.40 buys 2.82 shares · R 37,22 costs	—	53C+	6.7%	5.7%	R 283	86%	11.9%	28%	13.2x
75 PEPUS PepsiCo · $143.20 buys 1.90 shares · R 37,22 costs	—	53C+	3.8%	3.2%	R 160	71%	6.6%	45%	20.4x
76 TBSJSE Tiger Brands · R 265,00 buys 18.7 shares · R 39,93 costs	—	53C+	4.6%	3.7%	R 183	66%	3.2%	12%	13.2x
77 CLUS Colgate-Palmolive · $82.00 buys 3.32 shares · R 37,22 costs	—	53C+	2.5%	2.1%	R 105	58%	3.6%	240%	23.4x
78 AMGNUS Amgen · $298.00 buys 0.91 shares · R 37,22 costs	—	52C+	3.2%	2.7%	R 135	62%	9.8%	72%	17.6x
79 AGLJSE Anglo American · R 621,50 buys 7.98 shares · R 39,93 costs	—	51C+	3.4%	2.7%	R 135	40%	4.6%	10%	12.6x
80 GISUS General Mills · $52.00 buys 5.23 shares · R 37,22 costs	—	51C+	4.6%	3.9%	R 194	58%	5.8%	25%	12.6x
81 WMUS Waste Management · $212.00 buys 1.28 shares · R 37,22 costs	—	51C+	1.5%	1.3%	R 63	44%	8.2%	35%	29.4x
82 KMBUS Kimberly-Clark · $128.00 buys 2.12 shares · R 37,22 costs	—	50C+	3.9%	3.3%	R 165	66%	3.4%	58%	16.8x
83 NRPJSE NEPI Rockcastle · R 138,00 buys 35.9 shares · R 39,93 costs	—	50C+	7.8%	6.2%	R 310	90%	6.4%	10%	11.2x
84 ORCLUS Oracle · $138.60 buys 1.96 shares · R 37,22 costs	—	50C+	1.2%	1.0%	R 51	33%	12.4%	130%	30.4x
85 WMTUS Walmart · $68.40 buys 3.98 shares · R 37,22 costs	—	49C+	1.2%	1.0%	R 51	36%	3.2%	21%	29.8x
86 MMMUS 3M · $132.70 buys 2.05 shares · R 37,22 costs	—	49C+	2.2%	1.9%	R 93	44%	0.6%	29%	18.9x
87 VODJSE Vodacom Group · R 106,40 buys 46.6 shares · R 39,93 costs	—	48C	6.9%	5.5%	R 274	78%	4.1%	22%	11.2x
88 VZUS Verizon Communications · $41.30 buys 6.58 shares · R 37,22 costs	—	46C	6.5%	5.5%	R 274	62%	2.0%	19%	9.4x
89 PMUS Philip Morris International · $148.90 buys 1.83 shares · R 37,22 costs	—	45C	3.7%	3.1%	R 156	75%	4.0%	210%	21.4x
90 NEEUS NextEra Energy · $78.00 buys 3.49 shares · R 37,22 costs	—	45C	2.9%	2.4%	R 122	62%	10.4%	12%	21.2x
91 GLNJSE Glencore · R 83,40 buys 59.5 shares · R 39,93 costs	—	44C	5.1%	4.0%	R 202	66%	2.2%	15%	11.8x
92 PFEUS Pfizer · $26.40 buys 10.3 shares · R 37,22 costs	—	43C	6.4%	5.4%	R 270	82%	3.2%	10%	9.4x
93 RTXUS RTX Corporation · $128.00 buys 2.12 shares · R 37,22 costs	—	41C	2.0%	1.7%	R 84	48%	4.8%	9%	22.6x
94 SOLJSE Sasol · R 91,20 buys 54.4 shares · R 39,93 costs	—	40C	3.0%	2.4%	R 119	40%	1.4%	7%	7.4x
95 TUS AT&T · $28.40 buys 9.58 shares · R 37,22 costs	—	40C	3.9%	3.3%	R 165	44%	-8.4%	12%	11.2x
96 OUS Realty Income · $56.80 buys 4.79 shares · R 37,22 costs	—	39C	5.6%	4.7%	R 236	76%	3.4%	3%	39.0x
97 GRTJSE Growthpoint Properties · R 15,80 buys 313.9 shares · R 39,93 costs	—	38C	9.6%	7.6%	R 381	92%	-2.4%	7%	8.4x
98 MTNJSE MTN Group · R 114,80 buys 43.2 shares · R 39,93 costs	—	37D	4.6%	3.7%	R 183	72%	6.2%	11%	12.8x
99 SOUS Southern Company · $92.00 buys 2.96 shares · R 37,22 costs	—	36D	3.2%	2.7%	R 135	66%	3.2%	12%	20.4x
100 DUKUS Duke Energy · $118.00 buys 2.30 shares · R 37,22 costs	—	34D	3.6%	3.0%	R 152	68%	2.2%	9%	18.6x

Prices and the USD/ZAR rate refresh from a live market feed every minute (delayed quotes). The core list uses curated fundamentals rescaled to the live price; anything you add from the full JSE + US directory pulls its fundamentals live, with dividend streak and interest cover estimated where the feed doesn't publish them. Costs follow the published EasyEquities schedule (0.25% brokerage, Strate, STT, VAT, ~0.5% FX spread) and statutory withholding rates — verify against your account before trading. Trading Syndicate is not a financial advisor; every score, cycle reading and suggested split is for educational purposes only — not investment advice.

What the cycle terms mean

Plain-language definitions for the language used on this page.

Market cycle: Every market moves through four repeating phases.; Prices rarely move in a straight line. They base out (Stage 1), trend up (Stage 2), top out (Stage 3) and trend down (Stage 4), then start again. Knowing which phase you are in tells you whether buying, holding or waiting is the lower-risk choice.
Stage 1 · Accumulation: The decline has stopped and a base is forming.; Price moves sideways after a fall, the long-term trend line flattens, and patient buyers quietly absorb supply. Risk is lower than in a downtrend but the uptrend is not proven yet — scale in gradually rather than committing everything.
Stage 2 · Markup: A confirmed uptrend — the easiest place to own an asset.; Price is above a rising 40-week trend line and making higher highs and higher lows. Historically most of the gains in a cycle happen here. Buy pullbacks toward the trend rather than sharp spikes away from it.
Stage 3 · Distribution (seeking a top): Momentum is stalling near the highs — a top is being built.; Rallies stop making meaningful new highs, the trend line flattens and momentum readings cool while price stays elevated. Larger holders sell into strength here. Not the time to add size; hold quality, or take some profit.
Stage 4 · Markdown: A confirmed downtrend — cheap prices keep getting cheaper.; Price sits below a falling 40-week trend line and makes lower highs and lower lows. Most of the damage in a cycle happens in Stage 4. Bargains here are usually premature; wait for a base (Stage 1) before committing.
Bottoming / basing: Still in a downtrend, but price has lifted off the low.; The market is trying to carve out a bottom: sellers look exhausted, price is off the 52-week low and short-term momentum has turned up, while the long-term trend is still down. Small tranches only until the trend actually turns.
Topping: The market is working on a high, not a launchpad.; Price is stretched above its long-term trend with overbought momentum, and the trend line is flattening. Tops take time and can grind higher — the point is that new money is being put in at the worst risk-to-reward part of the cycle.
Bias (bullish / bearish / neutral): The direction the weight of evidence currently favours.; Bullish means trend, momentum and location all point up. Bearish means they point down. Neutral means they disagree — typically in a top or a base, where waiting is usually the best position.
Buy: Lower-risk part of the cycle to be putting money in.; The long-term trend is rising, price is above it and not yet stretched. You can commit a full planned tranche here, ideally into a pullback rather than a spike.
Accumulate: Buy in small pieces over time, not all at once.; The setup is improving but unproven — a base or an early bottom. Split your intended amount into 3–4 tranches spread over weeks or months, so a further fall lowers your average price instead of hurting you.
Hold: Keep what you own, don't chase at these levels.; The trend is intact but price has run far from its trend line, so the odds of a near-term pullback are high. Keep existing positions and put new money to work closer to the 30-week average.
Hold / trim: Consider taking some profit into strength.; Distribution signals are showing. Holding quality for the dividend is fine, but selling a slice of an oversized position into strength reduces the damage if the cycle turns.
Avoid / wait: The cycle is working against you here.; A falling long-term trend with price beneath it. Any purchase is fighting the dominant trend. Wait for the decline to stop and a base to form before buying.
Half-cycle high / low: The highest and lowest point of the last six months.; A cycle has an outer swing (roughly a year) and an inner, half-cycle swing (roughly six months). The half-cycle high is the peak of the most recent inner swing and acts as the level a rally must clear to keep the trend alive; the half-cycle low is the trough that must hold. Breaking the half-cycle low while the yearly trend is still up is often the first sign a top is forming; reclaiming the half-cycle high from below is often the first sign a bottom is in.
Half-cycle midpoint: The middle of the six-month range.; Above it, buyers control the inner swing and price is in the expensive half of the range; below it, sellers do and price is in the cheaper half. Useful as a quick fair-value line for deciding whether you are buying at a discount.
52-week high / low: The highest and lowest weekly close of the past year.; The boundaries of the current annual cycle. Near the high in a rising trend is strength; deeply below the high with a falling trend is Stage 4. How far off the low tells you how much of a recovery has already happened.
40-week trend line: The 40-week average price — the line that defines the trend.; Roughly a 200-day moving average. Above a rising line is an uptrend; below a falling line is a downtrend. The percentage shown is how far price is stretched from it — beyond about +20% moves are usually extended.
Weekly RSI (14): A 0–100 momentum gauge on the weekly chart.; Above ~68 means momentum is stretched (overbought) and pullbacks are common. Below ~38 means sellers are exhausted (oversold). RSI measures speed, not direction — it can stay high all the way up a strong trend.
Momentum (3m / 6m / 12m): How much price has moved over each look-back window.; Positive and improving across all three windows is what a real uptrend looks like. Positive 12-month with negative 3-month is often an early warning that a top is forming.
Signal confidence: How cleanly the evidence agrees.; Higher when the trend direction, price location and momentum all point the same way, and when the trend has a clear slope. Low confidence means the market is transitioning — usually a reason to wait.