JSE & NYSE Shares Analysis 24 - 28 August 2026

JSE SHARES

Financials

SNT — Santam Ltd.

South Africa's largest short-term insurer, motor, property, engineering, marine, liability and crop cover; majority-owned by Sanlam.

Speculative Short  ·  Entry: on a daily close below R397.00 (50-day MA)  ·  Stop R413.00  ·  Target R364.79  ·  Reward/Risk ratio 2:1

The setup: A recovery rally has stalled right at the 200-day simple moving average and rolled over into a bearish MACD crossover. Price is now pressing on the 50-day average, its last support. A decisive daily close below that level opens the move towards R364.79, with the stop above the 200-day at R413.00.

Financials

NY1 — Ninety One Plc

International asset manager, dealing in equity, fixed-income, multi-asset and alternative funds for institutional and individual clients worldwide.

Speculative Short  ·  Entry: on a daily close below R46.77  ·  Stop R47.97  ·  Target R44.72  ·  Reward/Risk ratio 1.7:1

The setup: Price has failed to reclaim its 200-day moving average and turned lower, well below the R50.49 resistance ceiling. The MACD has rolled into a bearish crossover. A daily close below R46.77 opens the move towards range support at R44.72, with the stop above at R47.97 in the marked risk zone.

Financials

GRT — Growthpoint Properties Ltd.

South Africa's largest primary JSE-listed REIT; owns and manages a diversified portfolio of retail, office and industrial property locally and offshore.

Potential Long  ·  Entry: on a bounce off lower channel support at R16.45  ·  Stop R15.86  ·  Target R17.92  ·  Reward/Risk ratio 2.5:1

The setup: Price is trading inside a rising ascending channel and has pulled back to the lower boundary, which lines up with the lower Bollinger Band. That zone has marked bounce points before, and the MACD momentum lines are starting to curl up off their lows, a sign the pullback is losing steam. A hold of R16.45 and turn higher targets the top of the channel near R17.92, with the stop below the channel at R15.86.

US STOCKS

Information Technology

BLKB — Blackbaud, Inc.

Cloud software provider for nonprofits, schools, foundations and other social-good organisations.

SHORT  ·  Entry: on a confirmed daily close below $44.31  ·  Stop $48.76  ·  Target $34.41  ·  Reward/Risk ratio 2.2:1

The setup: Blackbaud has traced out a rising wedge, a pattern that usually resolves lower. The RSI momentum gauge has turned down out of overbought territory, a sign the rally is tiring. A daily close below the wedge support near $44.31, which lines up with the 200-day simple moving average.

Pending trigger: no short is live until a daily close below $44.31 prints. Until then, this is a watch, not a trade.

Consumer Staples

CALM — Cal-Maine Foods, Inc.

The largest US producer and distributor of fresh shell eggs.

Potential Long  ·  Entry: on a hold above $84.78  ·  Stop $79.53  ·  Target $93.38  ·  Reward/Risk ratio 1.6:1

The setup: Cal-Maine has just printed a golden cross — the 50-day moving average crossing up through the 200-day, a classic signal that the trend is turning higher. Price has bounced off both averages on a strong up day, and the MACD momentum lines are curling up from below zero towards a bullish crossover, confirming buyers are returning. A hold above $84.78 targets the entry zone at $93.38, with the stop below at $79.53.

Consumer Staples

COST — Costco Wholesale Corporation

Membership only warehouse club retailer operating large format stores worldwide.

Potential Long  ·  Entry: on a confirmed daily close above $986.93 (neckline)  ·  Stop $952.27  ·  Target $1 056.52  ·  Reward/Risk ratio 2:1

The setup: Costco has formed an inverse head-and-shoulders, which signals a reversal higher once the neckline breaks. That neckline sits at $986.93. Price is pushing up towards it on strong volume. A daily close above $986.93 activates the measured move to $1 056.52, with the stop below the right shoulder at $952.27.

Pending trigger: no long is live until a daily close above the $986.93 neckline prints. Until then, this is a watch, not a trade.

Disclaimer:
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** This article was prepared by BROKSTOCK analyst Maboko Seabi