{"ticker": {"uuid": "c24d84d4-fb8e-419a-af98-acbb147ec874", "symbol": "SEA", "name": "Spear Reit Limited", "exchange": "JNB", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "SEA closed the latest completed week at 1,317 ZAC. The 4-week return is 1.3% and the 12-week return is -2.4%. Trend Signal is active, Market Dynamics is 0.12.", "description": "Spear REIT Limited listed as a Real Estate Investment Trust on the main board of the Johannesburg Stock Exchange. It is the only regionally focused REIT listed on the JSE that invests in high-quality income generating assets in the Western Cape. Spear obtains its diversification through asset type rather than geographical investment. The company conducts its business directly and through a few subsidiaries, collectively referred to as. The group's property and asset management functions are internally and directly managed by the Spear executive management team.", "setup_signature": "Balanced read", "composite_score": "64", "kpis": [{"label": "Latest Close", "value": "1,317 ZAC", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-1.6%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "1.3%", "tone": "positive", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-2.4%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "100.0%", "hint": "52 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.0x", "hint": "vs 13-week average"}], "classification": {"exchange": "JNB", "country": "ZA", "sector": "Real Estate", "industry": "Reit - Diversified", "currency": "ZAC", "market_cap": "7.0B"}, "price": {"trend_line": "1,244 ZAC", "fair_value": "964.4 ZAC", "vs_trend": "5.9%", "vs_fair_value": "36.6%", "high_52": "1,421 ZAC", "low_52": "975.6 ZAC", "drawdown": "-7.3%", "range_position": "76.7%"}, "momentum": {"returns": [{"label": "1W", "value": -1.5695067264573992, "value_label": "-1.6%", "tone": "negative", "width": 4.4843049327354265}, {"label": "4W", "value": 1.3398463495868378, "value_label": "1.3%", "tone": "positive", "width": 4}, {"label": "12W", "value": -2.4444444444444446, "value_label": "-2.4%", "tone": "negative", "width": 6.984126984126984}, {"label": "26W", "value": 13.534482758620689, "value_label": "13.5%", "tone": "positive", "width": 38.669950738916256}, {"label": "52W", "value": 29.54607510710207, "value_label": "29.5%", "tone": "positive", "width": 84.41735744886304}], "trend_streak": 55, "active_weeks": 52, "active_breadth": "100.0%", "peer": {"scope": "ZA Real Estate", "count": 37, "rank": 28, "percentile": 25.0, "avg_weekly_return": 0.5710581542040691}}, "setup": {"scores": [{"label": "Trend", "value": 100, "value_label": "100", "width": 100, "tone": "positive", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 50.88164660404972, "value_label": "51", "width": 50.88164660404972, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 81.5020850337009, "value_label": "82", "width": 81.5020850337009, "tone": "positive", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 87.09162531868178, "value_label": "87", "width": 87.09162531868178, "tone": "positive", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 1.9965922694137734, "value_label": "2", "width": 4, "tone": "negative", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 61.48791594005356, "value_label": "61", "width": 61.48791594005356, "tone": "neutral", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 2.677165354330709, "return_label": "2.7%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 22.30971128608924}, {"week": "6 Mar", "return": -3.4509202453987733, "return_label": "-3.5%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 28.757668711656443}, {"week": "13 Mar", "return": -4.686258935663225, "return_label": "-4.7%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 39.05215779719354}, {"week": "20 Mar", "return": 12.5, "return_label": "12.5%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 100}, {"week": "27 Mar", "return": -13.037037037037036, "return_label": "-13.0%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 100}, {"week": "3 Apr", "return": 7.972543100511066, "return_label": "8.0%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 66.43785917092555}, {"week": "10 Apr", "return": 2.6025311615123443, "return_label": "2.6%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 21.687759679269536}, {"week": "17 Apr", "return": 0.38431968979429265, "return_label": "0.4%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 4}, {"week": "24 Apr", "return": -0.8422719442284812, "return_label": "-0.8%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 7.018932868570676}, {"week": "1 May", "return": 0.07722573838332972, "return_label": "0.1%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 4}, {"week": "8 May", "return": 0.3086362581409936, "return_label": "0.3%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "15 May", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": true, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "22 May", "return": 0.999998057845315, "return_label": "1.0%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 8.33331714871096}, {"week": "29 May", "return": 3.960397642519574, "return_label": "4.0%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 33.003313687663116}, {"week": "5 Jun", "return": -1.9469104151174599, "return_label": "-1.9%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 16.224253459312166}, {"week": "12 Jun", "return": -1.5695067264573992, "return_label": "-1.6%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 13.079222720478326}]}, "groups": {"sector": {"scope": "ZA Real Estate", "count": 37, "avg_weekly_return": 0.5710581542040691, "avg_four_week_return": 1022.3267160068756, "avg_twelve_week_return": 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{"scope": "ZA Reit - Diversified", "count": 11, "avg_weekly_return": 0.6836349046501498, "avg_four_week_return": 0.6675126198699703, "avg_twelve_week_return": 1903.3799559993738, "trend_breadth": 63.63636363636363, "positive_md_breadth": 54.54545454545454, "positive_rs_breadth": 81.81818181818183, "week_rank": 9, "four_week_rank": 4, "twelve_week_rank": 10, "top_peers": [{"id": 46690, "symbol": "OCT", "name": "Octodec Investments Limited", "exchange": "JNB", "url": "/terminal/463c345e-6c25-4b12-9ae6-03ff41a17db4/report/", "weekly_return": 3.937007874015748, "weekly_return_label": "3.9%", "weekly_return_tone": "positive", "four_week_return": 5.8355859110738, "four_week_return_label": "5.8%", "four_week_return_tone": "positive", "twelve_week_return": 18.881799292271157, "twelve_week_return_label": "18.9%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 46574, "symbol": "EMI", "name": "Emira Property Fund Limited", 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"positive_md": false, "positive_rs": true}, {"id": 46760, "symbol": "SEA", "name": "Spear Reit Limited", "exchange": "JNB", "url": "/terminal/c24d84d4-fb8e-419a-af98-acbb147ec874/report/", "weekly_return": -1.5695067264573992, "weekly_return_label": "-1.6%", "weekly_return_tone": "negative", "four_week_return": 1.3398463495868378, "four_week_return_label": "1.3%", "four_week_return_tone": "positive", "twelve_week_return": -2.4444444444444446, "twelve_week_return_label": "-2.4%", "twelve_week_return_tone": "negative", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 46540, "symbol": "BTN", "name": "Burstone Group Limited", "exchange": "JNB", "url": "/terminal/ce186c17-5878-4b95-9bcb-c08f12d9ed35/report/", "weekly_return": 1.9047619047619049, "weekly_return_label": "1.9%", "weekly_return_tone": "positive", "four_week_return": 0.3125, "four_week_return_label": "0.3%", "four_week_return_tone": "positive", "twelve_week_return": 3.995680345572354, "twelve_week_return_label": "4.0%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": false, "positive_rs": true}]}}, "dynamics": {"market_dynamics": "0.12", "market_dynamics_tone": "positive", "md_4_change": "366.7%", "relative_strength": "11.67", "rs_4_change": "25.9%", "expectation": "Positive", "expectation_probability": "56.29%"}, "volume": {"latest": "242.0K", "average_13": "5.1M", "average_52": "2.6M", "ratio_13": "0.0x", "ratio_52": "0.1x"}, "risk": {"volatility_13": "5.6%", "volatility_52": "3.4%", "downside_weeks": 18, "upside_weeks": 32, "downside_breadth": "34.6%", "average_gain": "2.3%", "average_loss": "-2.4%"}, "signals": [{"label": "Trend Signal", "value": "Active", "tone": "positive"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "5.9%", "tone": "positive"}, {"label": "Volume", "value": "0.0x", "tone": "neutral"}], "opportunities": ["Trend Signal is active with a 55-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."], "risks": ["Recent volatility is running well above the one-year baseline."], "watch_points": ["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."], "recent_rows": [{"week": "2026-06-12", "close": "1,317 ZAC", "weekly_return": -1.5695067264573992, "weekly_return_label": "-1.6%", "weekly_return_tone": "negative", "trend_line": "1,244 ZAC", "fair_value": "964.4 ZAC", "market_dynamics": "0.12", "relative_strength": "11.67", "volume": "242.0K", "trend_signal": "On"}, {"week": "2026-06-05", "close": "1,338 ZAC", "weekly_return": -1.9469104151174599, "weekly_return_label": "-1.9%", "weekly_return_tone": "negative", 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