JSE & NYSE Shares Analysis 8 - 12 June 2026
JSE SHARES
Financials
Capitec Bank Holdings Ltd. (CPI): Capitec is a bank controlling company that offers retail banking services and loan products, including term loans, credit facilities, and credit cards.
Price is trading well above the 200-day simple moving average (SMA), confirming the broader uptrend is intact. A recent close above the 50-day SMA signals near-term momentum is turning back in the bulls' favour, and the moving average convergence divergence (MACD) is on the verge of a bullish crossover, adding further weight to the case for trend continuation.
A potential Buy/Long idea can be initiated, with the target set at R4827.38 and stop loss at R4189.91.
Consumer Goods
Tiger Brands Ltd. (TBS): Tiger Brands is in the manufacture of branded food, home, and personal care products.
The price has closed above the upper Bollinger Band (BB) as it expands, signalling strong momentum behind the move. Adding confluence, the MACD has confirmed a bullish crossover, making this a momentum-driven setup worth watching.
A potential Buy/Long idea can be initiated, with the target set at R331.45 and stop loss at R276.52.
Industrials
Super Group Ltd. (SPG): Super Group is in the business of supply chain management, dealerships, and fleet management services.
After testing the lower trendline of an ascending channel, the share price has broken above the upper bound, a bullish breakout from an already upward-sloping structure. The MACD bullish crossover confirms the momentum, strengthening the case for further upside.
A potential Buy/Long idea can be initiated, with the target set at R22.28 and stop loss at R15.94.
US STOCKS
Consumer Discretionary
Caleres, Inc. (CAL): Caleres is in the business of athletic, casual, and dress footwear products.
A bearish divergence is forming as the price makes higher highs while momentum fades, a classic warning sign that the uptrend is losing steam. This is reinforced by a close below the 200-day SMA, putting the bears firmly in control.
A potential Buy/Long idea can be initiated, with the target set at $9.67 and the stop loss set at $15.14.
Industrials
Kennametal, Inc. (KMT): Kennametal is in the manufacturing of tungsten carbide metal-cutting tooling.
A falling wedge has resolved to the upside, with price breaking above the upper trendline at $33.30. The fact that this breakout is occurring above the long-term SMA confirms the broader trend remains intact, and with the MACD poised for a bullish crossover, momentum looks set to follow price higher.
A potential Sell/Short idea can be initiated, with the target set at $39.04 and the stop loss set at $30.49.
Health Care
Align Technology, Inc. (ALGN): Align Technology is a medical device company that designs, manufactures, and markets orthodontic, restorative, and aesthetic dentistry products.
A classical trend continuation is unfolding, with a bullish engulfing candle signalling a decisive shift in short-term sentiment. The MACD bullish crossover adds momentum confirmation, making this a well-supported setup for further upside.
A potential Buy/Long idea can be initiated, with the target set at $200.38 and the stop loss set at $159.85.
Disclaimer:
*Any opinions, views, analysis, or other information provided in this article is provided by BROKSTOCK SA trading as BROKSTOCK as general market commentary and should not be viewed as advice according to the FAIS Act of 2002. BROKSTOCK SA does not warrant the correctness, accuracy, timeliness, reliability, or completeness of any information provided by third parties. You must rely upon your judgement in all aspects of your investment decisions, and all decisions are made at your own risk. BROKSTOCK SA and any of its employees shall not be responsible for and will not accept any liability for any direct or indirect loss, including, without limitation, any loss of profit which may arise directly or indirectly from the use of the market commentary. The content contained within the article is subject to change at any time without notice. BROKSTOCK SA is an authorised financial services provider - FSP No. 51404. T&Cs and Disclaimers are applicable: https://brokstock.co.za/
** This article was prepared by BROKSTOCK analyst Maboko Seabi
Read also
© 2026 BROKSTOCK SA (PTY) LTD.
BROKSTOCK SA (PTY) LTD is an authorised Financial Service Provider and is regulated by the South African Financial Sector Conduct Authority (FSP No.51404). BROKSTOCK SA (PTY) LTD Proprietary Limited trading as BROKSTOCK. BROKSTOCK SA (PTY) LTD t/a BROKSTOCK acts solely as an intermediary in terms of the FAIS Act, rendering only an intermediary service (i.e., no market making is conducted by BROKSTOCK SA (PTY) LTD t/a BROKSTOCK) in relation to derivative products (CFDs) offered by the liquidity providers. Therefore, BROKSTOCK SA (PTY) LTD t/a BROKSTOCK does not act as the principal or the counterparty to any of its transactions.
The materials on this website (the “Site”) are intended for informational purposes only. Use of and access to the Site and the information, materials, services, and other content available on or through the Site (“Content”) are subject to the laws of South Africa.
Risk notice Margin trading in financial instruments carries a high level of risk, and may not be suitable for all users. It is essential to understand that investing in financial instruments requires extensive knowledge and significant experience in the investment field, as well as an understanding of the nature and complexity of financial instruments, and the ability to determine the volume of investment and assess the associated risks. BROKSTOCK SA (PTY) LTD pays attention to the fact that quotes, charts and conversion rates, prices, analytic indicators and other data presented on this website may not correspond to quotes on trading platforms and are not necessarily real-time nor accurate. The delay of the data in relation to real-time is equal to 15 minutes but is not limited. This indicates that prices may differ from actual prices in the relevant market, and are not suitable for trading purposes. Before deciding to trade the products offered by BROKSTOCK SA (PTY) LTD, a user should carefully consider his objectives, financial position, needs and level of experience. The Content is for informational purposes only and it should not construe any such information or other material as legal, tax, investment, financial, or other advice. BROKSTOCK SA (PTY) LTD will not accept any liability for loss or damage as a result of reliance on the information contained within this Site including data, quotes, conversion rates, etc.
Third party content BROKSTOCK SA (PTY) LTD may provide materials produced by third parties or links to other websites. Such materials and websites are provided by third parties and are not under BROKSTOCK SA (PTY) LTD's direct control. In exchange for using the Site, the user agrees not to hold BROKSTOCK SA (PTY) LTD, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision user makes based on information or other Content made available to the user through the Site.
Limitation of liability The user’s exclusive remedy for dissatisfaction with the Site and Content is to discontinue using the Site and Content. BROKSTOCK SA (PTY) LTD is not liable for any direct, indirect, incidental, consequential, special or punitive damages. Working with BROKSTOCK SA (PTY) LTD you are trading share CFDs. When trading CFDs on shares you do not own the underlying asset. Share CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail traders accounts lose money when trading CFDs with their provider. All rights reserved. Any use of Site materials without permission is prohibited.