JNB Equity Snapshot

MTN Weekly Equity Report

MTN Group Limited

Interactive chart JSON snapshot
Latest Close 22,505 ZAC 12 Jun 2026
1W Return 6.3% latest completed week
4W Return 8.1% short-term follow-through
12W Return 17.5% quarterly tape
Trend Breadth 100.0% 52 of 52 weeks active
Volume Ratio 0.9x vs 13-week average
Company Brief

What the company does

MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, interconnect, and roaming services; and sells mobile devices. It also provides digital and fintech services, such as value-added services, rich media services, insurance, airtime lending, in-store payments, remittances, prepaid services, and e-commerce services; and MTN Mobile Money fintech platform. In addition, the company offers managed network services, cloud, unified communications, internet of things, and security as a service; …

Snapshot

What the weekly tape is saying

MTN closed the latest completed week at 22,505 ZAC. The 4-week return is 8.1% and the 12-week return is 17.5%. Trend Signal is active, Market Dynamics is 0.37. Setup signature: Leadership continuation with a 79/100 composite read.

Trend Signal Active
Market Dynamics No fresh buy
Price vs Trend 18.8%
Volume 0.9x
Setup Cockpit

A compressed read of the whole setup

The radar blends trend persistence, momentum, Market Dynamics, Relative Strength, volume confirmation, and risk control into one weekly cockpit.

Composite setup radar

Scoreboard

Trend 100 Persistence of active Trend Signal over the last year and current streak.
Momentum 85 Blend of 4-week and 12-week follow-through.
Dynamics 64 Latest Market Dynamics and whether pressure has improved over four weeks.
Relative Strength 100 Relative leadership and short-term RS change.
Volume 39 Participation compared with the 13-week volume baseline.
Risk Control 84 Drawdown and recent weekly volatility pressure.

16-week signal tape

27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun
Weekly return bar Trend Signal dot Positive Market Dynamics dot
Price Action

Price, Trend Line, and Fair Value

Weekly price context with the latest close, trend position, Fair Value gap, drawdown, and 52-week range location.

52-week price path

Price Trend Line Fair Value

Price map

Trend Line
18,946 ZAC
Vs Trend Line
18.8%
Fair Value
12,595 ZAC
Vs Fair Value
78.7%
52W High
22,998 ZAC
52W Low
12,292 ZAC
Drawdown
-2.1%
Range Position
95.4%
Momentum

Returns and trend persistence

Return windows separate the latest week from short-term and medium-term follow-through.

Return windows

1W 6.3%
4W 8.1%
12W 17.5%
26W 44.1%
52W 69.9%

Trend read

Active Streak
76 weeks
52W Active Weeks
52
52W Active Breadth
100.0%
Sector Scope
ZA Communication Services
Sector Rank
1 of 10
Sector Percentile
100.0%
Peer Context

Sector and industry pulse

Peer breadth helps separate a stock-specific move from a broader group rotation.

Market Dynamics

Pressure, Relative Strength, and expectation

Market Dynamics and Relative Strength show whether buying pressure and relative leadership are confirming the price move.

Dynamics path

Market Dynamics Relative Strength

Signal state

Market Dynamics
0.37
4W MD Change
89.1%
Relative Strength
28.17
4W RS Change
41.0%
Expectation
Positive
Probability
60.94%
Volume

Participation and confirmation

Volume tells us whether the latest weekly move is being confirmed by unusual participation.

52-week volume profile

Volume map

Latest Volume
23.7M
13W Average
25.4M
52W Average
26.4M
Vs 13W
0.9x
Vs 52W
0.9x
Risk Anatomy

Volatility, downside weeks, and return shape

A compact risk profile shows whether the move is steady, volatile, or being driven by sharp one-week jumps.

26-week return distribution

Risk map

13W Volatility
2.7%
52W Volatility
4.2%
Upside Weeks
34
Downside Weeks
17
Downside Breadth
32.7%
Avg Gain / Loss
3.5% / -3.6%
Context

Classification, opportunities, risks, and watch points

Top-level read across company classification, constructive evidence, caution points, and the next things that matter.

Classification

Exchange
JNB
Country
ZA
Sector
Communication Services
Industry
Telecom Services
Currency
ZAC
Market Cap
392.1B

Opportunity signals

  • Trend Signal is active with a 76-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Market Dynamics is positive on the latest completed week.
  • Latest weekly return ranks in the strongest part of its sector group.

Risk signals

  • No major top-level risk cluster is currently dominant.

Watch next

  • Price is close to its 52-week high; watch for continuation or exhaustion.
  • Trend Line remains the key weekly regime level.
  • Market Dynamics is the pressure gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Weekly Tape

Recent completed weeks

The latest weekly rows behind the report snapshot.

Week Close Return Trend Fair Value MD RS Volume Signal
12 Jun 2026 22,505 ZAC 6.3% 18,946 ZAC 12,595 ZAC 0.37 28.17 23.7M On
5 Jun 2026 21,174 ZAC -2.3% 18,758 ZAC 12,541 ZAC -0.01 23.08 15.6M On
29 May 2026 21,680 ZAC 4.2% 18,601 ZAC 12,493 ZAC 0.04 23.17 21.6M On
22 May 2026 20,810 ZAC 0.0% 18,454 ZAC 12,434 ZAC 0.05 20.57 16.4M On
15 May 2026 20,810 ZAC -1.0% 18,316 ZAC 12,374 ZAC 0.19 19.98 18.4M On
8 May 2026 21,020 ZAC 0.6% 18,175 ZAC 12,313 ZAC 0.26 18.52 17.8M On
1 May 2026 20,900 ZAC 1.2% 17,990 ZAC 12,253 ZAC 0.34 21.38 13.9M On
24 Apr 2026 20,655 ZAC 3.5% 17,782 ZAC 12,195 ZAC 0.35 19.29 22.6M On
17 Apr 2026 19,950 ZAC -2.2% 17,555 ZAC 12,144 ZAC 0.47 11.49 30.6M On
10 Apr 2026 20,398 ZAC 5.1% 17,349 ZAC 12,098 ZAC 0.65 16.75 25.4M On
3 Apr 2026 19,406 ZAC -0.3% 17,126 ZAC 12,050 ZAC 0.57 14.61 30.1M On
27 Mar 2026 19,455 ZAC 1.6% 16,944 ZAC 12,009 ZAC 0.82 19.96 35.9M On
20 Mar 2026 19,150 ZAC 4.7% 16,795 ZAC 11,966 ZAC 1.04 20.47 57.4M On
13 Mar 2026 18,286 ZAC -4.7% 16,678 ZAC 11,923 ZAC 1.17 10.80 24.0M On