{"ticker": {"uuid": "17392441-0906-499d-8fd3-8a63c92bd4c9", "symbol": "EQU", "name": "Equites Property Fund Limited", "exchange": "JNB", "asset_type": "equity"}, "latest_week": "2026-08-07", "summary": "EQU closed the latest completed week at 17.79 ZAC. The 4-week return is -0.6% and the 12-week return is -99.0%. The trend backdrop is inactive, with activity pressure at -1.25.", "description": "Equites Property Fund Limited (Equites) is a South African REIT. It has a clear focus on being a market leader in the logistics property market by developing and acquiring A-grade, modern logistics facilities in prime locations in South Africa and the United Kingdom. Equites listed on the Johannesburg Stock Exchange (JSE) on 18 June 2014 with a portfolio value of R1 billion and has since grown to a portfolio value to R19.3 billion 28 February 2021. The group continues to grow its portfolio through a significant development pipeline and high-quality acquisitions. Equites is the only listed property entity on the JSE to provide shareholders with pure exposure to prime logistics assets. Equites Property Fund Limited was established on May 20, 2013, and incorporated in South Africa.", "setup_signature": "Risk-first tape", "composite_score": "26", "kpis": [{"label": "Latest Close", "value": "17.79 ZAC", "hint": "2026-08-07"}, {"label": "1W Return", "value": "-0.3%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-0.6%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-99.0%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "61.5%", "hint": "32 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.5x", "hint": "vs 13-week average"}], "classification": {"exchange": "JNB", "country": "ZA", "sector": "Real Estate", "industry": "Reit - Industrial", "currency": "ZAC", "market_cap": "15.2B"}, "price": {"trend_line": "1,195 ZAC", "fair_value": "1,385 ZAC", "vs_trend": "-98.5%", "vs_fair_value": "-98.7%", "high_52": "1,925 ZAC", "low_52": "16.32 ZAC", 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"value": "26.7%", "detail": "13-week weekly-return volatility.", "tone": "negative"}, {"label": "Base vol", "value": "13.9%", "detail": "52-week weekly-return volatility.", "tone": "neutral"}, {"label": "Up/down split", "value": "32/20", "detail": "Count of positive and negative weeks in the 52-week window.", "tone": "positive"}, {"label": "Average skew", "value": "2.2% / -7.3%", "detail": "Average positive week versus average negative week.", "tone": "neutral"}]}, "signals": [{"label": "Trend backdrop", "value": "Inactive", "tone": "negative"}, {"label": "Activity pressure", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-98.5%", "tone": "negative"}, {"label": "Volume", "value": "0.5x", "tone": "neutral"}], "opportunities": ["Next-week expectancy is positive at 58.64% based on similar historical setup states."], "risks": ["The trend backdrop is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Price is below Fair Value, so the market is still discounting the latest tape.", "Activity pressure is negative, which weakens the current setup.", "Activity pressure is weak, so confirmation is not yet broad enough."], "watch_points": ["Trend Line remains the key weekly regime level.", "Activity pressure is the gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-08-07", "close": "17.79 ZAC", "return": null, "return_tone": null, "trend_line": "1,195 ZAC", "fair_value": "1,385 ZAC", "activity_pressure": "-1.25", "relative_leadership": "-98.79", "volume": "2.0M", "trend_backdrop": null}, {"week": "2026-07-31", "close": "17.85 ZAC", "return": null, "return_tone": null, "trend_line": "1,256 ZAC", "fair_value": "1,392 ZAC", "activity_pressure": "-1.33", "relative_leadership": "-98.75", "volume": "2.5M", "trend_backdrop": null}, {"week": "2026-07-24", "close": "17.28 ZAC", "return": null, "return_tone": null, "trend_line": "1,316 ZAC", "fair_value": "1,399 ZAC", "activity_pressure": "-1.41", "relative_leadership": "-98.80", "volume": "3.5M", "trend_backdrop": null}, {"week": "2026-07-17", "close": "17.84 ZAC", "return": null, "return_tone": null, "trend_line": "1,376 ZAC", "fair_value": "1,406 ZAC", "activity_pressure": "-1.47", "relative_leadership": "-98.79", "volume": "2.3M", "trend_backdrop": null}, {"week": "2026-07-10", "close": "17.90 ZAC", "return": null, "return_tone": null, "trend_line": "1,434 ZAC", "fair_value": "1,413 ZAC", "activity_pressure": "-1.50", "relative_leadership": "-98.82", "volume": "3.9M", "trend_backdrop": null}, {"week": "2026-07-03", "close": "17.56 ZAC", "return": null, "return_tone": null, "trend_line": "1,492 ZAC", "fair_value": "1,421 ZAC", "activity_pressure": "-1.55", "relative_leadership": "-98.88", "volume": "346.1K", "trend_backdrop": null}, {"week": "2026-06-26", "close": "17.81 ZAC", "return": null, "return_tone": null, "trend_line": "1,550 ZAC", "fair_value": "1,428 ZAC", "activity_pressure": "-1.55", "relative_leadership": "-98.87", "volume": "696.4K", "trend_backdrop": null}, {"week": "2026-06-19", "close": "17.21 ZAC", "return": null, "return_tone": null, "trend_line": "1,611 ZAC", "fair_value": "1,435 ZAC", "activity_pressure": "-1.07", "relative_leadership": "-98.95", "volume": "2.5M", "trend_backdrop": null}, {"week": "2026-06-12", "close": "17.00 ZAC", "return": null, "return_tone": null, "trend_line": "1,671 ZAC", "fair_value": "1,442 ZAC", "activity_pressure": "-0.83", "relative_leadership": "-98.99", "volume": "647.1K", "trend_backdrop": null}, {"week": "2026-06-05", "close": "16.47 ZAC", "return": null, "return_tone": null, "trend_line": "1,728 ZAC", "fair_value": "1,449 ZAC", "activity_pressure": "-0.49", "relative_leadership": "-99.03", "volume": "2.7M", "trend_backdrop": null}, {"week": "2026-05-29", "close": "1,800 ZAC", "return": null, "return_tone": null, "trend_line": "1,784 ZAC", "fair_value": "1,456 ZAC", "activity_pressure": "-0.26", "relative_leadership": "1.10", "volume": "25.2M", "trend_backdrop": null}, {"week": "2026-05-22", "close": "1,765 ZAC", "return": null, "return_tone": null, "trend_line": "1,781 ZAC", "fair_value": "1,452 ZAC", "activity_pressure": "-0.71", "relative_leadership": "0.13", "volume": "5.2M", "trend_backdrop": null}, {"week": "2026-05-15", "close": "1,813 ZAC", "return": null, "return_tone": null, "trend_line": "1,779 ZAC", "fair_value": "1,449 ZAC", "activity_pressure": "-0.82", "relative_leadership": "1.54", "volume": "5.9M", "trend_backdrop": null}, {"week": "2026-05-08", "close": "1,747 ZAC", "return": null, "return_tone": null, "trend_line": "1,774 ZAC", "fair_value": "1,446 ZAC", "activity_pressure": "-0.89", "relative_leadership": "-5.02", "volume": "7.9M", "trend_backdrop": null}], "intelligence": {"rating": "Caution", "rating_tone": "negative", "overall_score": "42", "primary_driver": {"label": "Next-Week Expectancy", "score": 79.3198, "score_label": "79", "tone": "positive", "summary": "Next-week expectancy is positive with a 58.64% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Positive 58.64%", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.05}, "primary_conflict": {"label": "Indicator analysis", "score": 16.145833333333332, "score_label": "16", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 0/12, relative leadership 2/12.", "detail": "Activity pressure 0.25; No reversal markers", "metric": "16/100", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.45}, "options_tone": "neutral", "options": null, "evidence": [{"label": "Weekly tape", "score": 30.570303671949922, "score_label": "31", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 31/100 tape read.", "detail": "", "metric": "31/100", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.6}, {"label": "Indicator analysis", "score": 16.145833333333332, "score_label": "16", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 0/12, relative leadership 2/12.", "detail": "Activity pressure 0.25; No reversal markers", "metric": "16/100", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.45}, {"label": "Next-Week Expectancy", "score": 79.3198, "score_label": "79", "tone": "positive", "summary": "Next-week expectancy is positive with a 58.64% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Positive 58.64%", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.05}, {"label": "Factors", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No published factor snapshot is available yet.", "detail": "", "metric": "50/100", "url": "/factors/", "available": false, "weight": 0}, {"label": "Patient Capital", "score": 48.0, "score_label": "48", "tone": "neutral", "summary": "Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.", "detail": "No recent buy signal", "metric": "Quiet", "url": "/patient-capital/", "available": true, "weight": 1}, {"label": "Sentiment", "score": 55.0, "score_label": "55", "tone": "neutral", "summary": "Weighted news tone is neutral across 7 relevant articles.", "detail": "Equites Property Fund Ltd ZAR Revenue Breakdown \u2013 JSE:EQU", "metric": "55/100", "url": "/sentiment/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 0.95}, {"label": "Insiders", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No recent insider transaction evidence is stored.", "detail": "", "metric": "50/100", "url": "/insider-activity/", "available": false, "weight": 0}, {"label": "Earnings", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No stored earnings event is currently attached to this ticker.", "detail": "", "metric": "50/100", "url": "/earnings-calendar/", "available": false, "weight": 0}], "positives": [{"label": "Next-Week Expectancy", "score": 79.3198, "score_label": "79", "tone": "positive", "summary": "Next-week expectancy is positive with a 58.64% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Positive 58.64%", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.05}], "negatives": [{"label": "Indicator analysis", "score": 16.145833333333332, "score_label": "16", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 0/12, relative leadership 2/12.", "detail": "Activity pressure 0.25; No reversal markers", "metric": "16/100", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.45}, {"label": "Weekly tape", "score": 30.570303671949922, "score_label": "31", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 31/100 tape read.", "detail": "", "metric": "31/100", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.6}], "conclusion": ["The strongest supporting evidence is next-week expectancy: Next-week expectancy is positive with a 58.64% historical one-week setup read.", "The main constraint is indicator analysis: Latest 12-week confirmation: trend 0/12, activity pressure 0/12, relative leadership 2/12.", "The combined read is defensive, so risk control and evidence of stabilization matter more than headline upside."], "weekly_changes": [{"label": "Price follow-through", "value": "-0.3%", "detail": "Latest completed week; four-week move -0.6%.", "tone": "negative", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/"}, {"label": "Indicator stack", "value": "34/29", "detail": "Trend and activity pressure are weighted against the latest 12-week confirmation window.", "tone": "negative", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/"}, {"label": "Trend backdrop", "value": "Active", "detail": "The trend backdrop defines the current weekly regime.", "tone": "positive", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/"}, {"label": "Patient Capital", "value": "Quiet", "detail": "Activity-pressure buy-signal status for institutional accumulation timing.", "tone": "neutral", "url": "/patient-capital/"}, {"label": "Next-Week Expectancy", "value": "Positive 58.64%", "detail": "Historical one-week expectancy contributes to the evidence score when direction is confirmed.", "tone": "positive", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/"}, {"label": "News sentiment", "value": "55/100", "detail": "7 relevant articles in the latest sentiment read.", "tone": "neutral", "url": "/sentiment/17392441-0906-499d-8fd3-8a63c92bd4c9/"}]}, "investor_view": {"stance": "Weak trend", "stance_tone": "negative", "setup_score": "26", "bottom_line": "The weekly trend is not active. Price is -98.5% below the Trend Line and sits at 0.1% of its 52-week range. The latest completed week returned -0.3%, after a -0.6% four-week move. The latest news-sentiment score is 55/100. Near-term considerations: volume confirmation is below normal.", "price_summary": "The weekly trend is not active. Price is -98.5% below the Trend Line and sits at 0.1% of its 52-week range. The latest completed week returned -0.3%, after a -0.6% four-week move.", "volume_summary": "Latest weekly volume is 0.5x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.", "momentum_summary": "Performance is -0.6% over four weeks, -99.0% over 12 weeks, and -98.9% over one year. The current trend has remained active for 0 consecutive weeks.", "fundamentals": {"available": false, "summary": "A published fundamentals and factor snapshot is not available for this company.", "rank_scores": [], "groups": []}, "weekly_change": [{"label": "Price follow-through", "value": "-0.3%", "detail": "Latest completed week; four-week move -0.6%.", "tone": "negative", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/"}, {"label": "Indicator stack", "value": "34/29", "detail": "Trend and activity pressure are weighted against the latest 12-week confirmation window.", "tone": "negative", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/"}, {"label": "Trend backdrop", "value": "Active", "detail": "The trend backdrop defines the current weekly regime.", "tone": "positive", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/"}, {"label": "Patient Capital", "value": "Quiet", "detail": "Activity-pressure buy-signal status for institutional accumulation timing.", "tone": "neutral", "url": "/patient-capital/"}, {"label": "Next-Week Expectancy", "value": "Positive 58.64%", "detail": "Historical one-week expectancy contributes to the evidence score when direction is confirmed.", "tone": "positive", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/"}, {"label": "News sentiment", "value": "55/100", "detail": "7 relevant articles in the latest sentiment read.", "tone": "neutral", "url": "/sentiment/17392441-0906-499d-8fd3-8a63c92bd4c9/"}], "strengths": ["Next-week expectancy is positive at 58.64% based on similar historical setup states."], "risks": ["The trend backdrop is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Price is below Fair Value, so the market is still discounting the latest tape.", "Activity pressure is negative, which weakens the current setup."], "watch_points": ["Trend Line remains the key weekly regime level.", "Activity pressure is the gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "evidence": {"weekly_tape": {"label": "Weekly tape", "score": 30.570303671949922, "score_label": "31", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 31/100 tape read.", "detail": "", "metric": "31/100", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.6}, "indicator_analysis": {"label": "Indicator analysis", "score": 16.145833333333332, "score_label": "16", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 0/12, relative leadership 2/12.", "detail": "Activity pressure 0.25; No reversal markers", "metric": "16/100", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.45}, "next-week_expectancy": {"label": "Next-Week Expectancy", "score": 79.3198, "score_label": "79", "tone": "positive", "summary": "Next-week expectancy is positive with a 58.64% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Positive 58.64%", "url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 1.05}, "factors": {"label": "Factors", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No published factor snapshot is available yet.", "detail": "", "metric": "50/100", "url": "/factors/", "available": false, "weight": 0}, "patient_capital": {"label": "Patient Capital", "score": 48.0, "score_label": "48", "tone": "neutral", "summary": "Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.", "detail": "No recent buy signal", "metric": "Quiet", "url": "/patient-capital/", "available": true, "weight": 1}, "sentiment": {"label": "Sentiment", "score": 55.0, "score_label": "55", "tone": "neutral", "summary": "Weighted news tone is neutral across 7 relevant articles.", "detail": "Equites Property Fund Ltd ZAR Revenue Breakdown \u2013 JSE:EQU", "metric": "55/100", "url": "/sentiment/17392441-0906-499d-8fd3-8a63c92bd4c9/", "available": true, "weight": 0.95}, "insiders": {"label": "Insiders", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No recent insider transaction evidence is stored.", "detail": "", "metric": "50/100", "url": "/insider-activity/", "available": false, "weight": 0}, "earnings": {"label": "Earnings", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No stored earnings event is currently attached to this ticker.", "detail": "", "metric": "50/100", "url": "/earnings-calendar/", "available": false, "weight": 0}}, "section_nav": [{"id": "overview", "label": "Overview"}, {"id": "price-action", "label": "Price"}, {"id": "volume-demand", "label": "Volume"}, {"id": "momentum", "label": "Momentum"}, {"id": "fundamentals", "label": "Fundamentals"}, {"id": "ownership-flow", "label": "Ownership & Flow"}, {"id": "catalysts-risk", "label": "Catalysts & Risk"}, {"id": "peer-context", "label": "Peer Context"}, {"id": "weekly-data", "label": "Weekly Data"}]}, "chart_url": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/", "api_path": "/terminal/17392441-0906-499d-8fd3-8a63c92bd4c9/report/api/"}