JNB Equity Snapshot

MRF Weekly Equity Report

Merafe Resources Limited

Interactive chart JSON snapshot
Latest Close 134.0 ZAC 12 Jun 2026
1W Return 0.8% latest completed week
4W Return 8.1% short-term follow-through
12W Return 12.7% quarterly tape
Trend Breadth 30.8% 16 of 52 weeks active
Volume Ratio 0.7x vs 13-week average
Company Brief

What the company does

Merafe Resources Limited, together with its subsidiaries, engages in the mining and beneficiation of chrome ore into ferrochrome and associated minerals. The company operates ferrochrome smelters, ferrochrome furnaces, and platinum group metals processing plants in the Western and Eastern limbs of the Bushveld Complex; and chrome ore mines and UG2 plants located in the northwest, Limpopo, and Mpumalanga provinces of South Africa. It has operations in South Africa, Egypt, Turkey, Brazil, the United States, Indonesia, China, India, Japan, South Korea, Taiwan, Australia, Belgium, England, Canada, Mexico, Italy, France, the Netherlands, Slovenia, and Spain. Merafe Resources …

Snapshot

What the weekly tape is saying

MRF closed the latest completed week at 134.0 ZAC. The 4-week return is 8.1% and the 12-week return is 12.7%. Trend Signal is active, Market Dynamics is 0.97. Setup signature: Leadership continuation with a 72/100 composite read.

Trend Signal Active
Market Dynamics No fresh buy
Price vs Trend 16.2%
Volume 0.7x
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 41 Persistence of active Trend Signal over the last year and current streak.
Momentum 80 Blend of 4-week and 12-week follow-through.
Dynamics 100 Latest Market Dynamics and whether pressure has improved over four weeks.
Relative Strength 100 Relative leadership and short-term RS change.
Volume 28 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
115.3 ZAC
Vs Trend Line
16.2%
Fair Value
125.9 ZAC
Vs Fair Value
6.4%
52W High
136.9 ZAC
52W Low
93.94 ZAC
Drawdown
-2.1%
Range Position
93.3%
Momentum

Returns and trend persistence

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

Return windows

1W 0.8%
4W 8.1%
12W 12.7%
26W 31.5%
52W 4.8%

Trend read

Active Streak
7 weeks
52W Active Weeks
16
52W Active Breadth
30.8%
Sector Scope
ZA Basic Materials
Sector Rank
11 of 41
Sector Percentile
75.0%
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
0.97
4W MD Change
16249.7%
Relative Strength
13.75
4W RS Change
483.2%
Expectation
Undecided
Probability
48.39%
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
6.1M
13W Average
9.3M
52W Average
9.2M
Vs 13W
0.7x
Vs 52W
0.7x
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
2.9%
52W Volatility
3.4%
Upside Weeks
26
Downside Weeks
20
Downside Breadth
38.5%
Avg Gain / Loss
2.8% / -3.2%
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
Basic Materials
Industry
Other Industrial Metals & Mining
Currency
ZAC
Market Cap
3.2B

Opportunity signals

  • Trend Signal is active with a 7-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.

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 134.0 ZAC 0.8% 115.3 ZAC 125.9 ZAC 0.97 13.75 6.1M On
5 Jun 2026 133.0 ZAC 6.4% 114.5 ZAC 125.8 ZAC 0.78 14.05 10.0M On
29 May 2026 125.0 ZAC 0.8% 113.8 ZAC 125.7 ZAC 0.40 3.80 2.2M On
22 May 2026 124.0 ZAC 0.0% 113.3 ZAC 125.6 ZAC 0.26 3.93 2.7M On
15 May 2026 124.0 ZAC 6.0% 112.9 ZAC 125.6 ZAC -0.01 2.36 4.7M On
8 May 2026 117.0 ZAC 1.7% 112.4 ZAC 125.5 ZAC -0.31 -6.39 5.1M On
1 May 2026 115.0 ZAC 1.8% 112.3 ZAC 125.5 ZAC -0.24 -6.32 23.1M On
24 Apr 2026 113.0 ZAC 0.9% 112.2 ZAC 125.5 ZAC -0.34 -9.40 2.3M Off
17 Apr 2026 112.0 ZAC 0.9% 112.0 ZAC 125.6 ZAC 0.06 -14.07 3.5M On
10 Apr 2026 111.0 ZAC 0.9% 111.7 ZAC 125.6 ZAC 0.62 -13.84 32.6M On
3 Apr 2026 110.0 ZAC -5.1% 111.6 ZAC 125.7 ZAC 0.91 -13.06 5.3M On
27 Mar 2026 115.9 ZAC -2.5% 111.4 ZAC 125.8 ZAC 1.41 -5.55 6.9M On
20 Mar 2026 118.9 ZAC 0.0% 111.2 ZAC 126.0 ZAC 1.44 -2.04 16.2M On
13 Mar 2026 118.9 ZAC 2.6% 110.7 ZAC 126.0 ZAC 1.37 -6.45 7.8M On