{"ticker": {"uuid": "dba975f5-6686-4a7b-814e-831cd908a227", "symbol": "MRF", "name": "Merafe Resources Limited", "exchange": "JNB", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "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.", "description": "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 Limited was incorporated in 1987 and is headquartered in Bryanston, South Africa.", "setup_signature": "Leadership continuation", "composite_score": "72", "kpis": [{"label": "Latest Close", "value": "134.0 ZAC", "hint": "2026-06-12"}, {"label": "1W Return", "value": "0.8%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "8.1%", "tone": "positive", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "12.7%", "tone": "positive", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "30.8%", "hint": "16 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.7x", "hint": "vs 13-week average"}], "classification": {"exchange": "JNB", "country": "ZA", "sector": "Basic Materials", "industry": "Other Industrial Metals & Mining", "currency": "ZAC", "market_cap": "3.2B"}, "price": {"trend_line": "115.3 ZAC", "fair_value": "125.9 ZAC", "vs_trend": "16.2%", "vs_fair_value": "6.4%", "high_52": "136.9 ZAC", "low_52": "93.94 ZAC", "drawdown": "-2.1%", "range_position": "93.3%"}, "momentum": {"returns": [{"label": "1W", "value": 0.7518796992481203, "value_label": "0.8%", "tone": "positive", "width": 4}, {"label": "4W", "value": 8.064516129032258, "value_label": "8.1%", "tone": "positive", "width": 23.04147465437788}, {"label": "12W", "value": 12.682747660828086, "value_label": "12.7%", "tone": "positive", "width": 36.236421888080244}, {"label": "26W", "value": 31.46321094752628, "value_label": "31.5%", "tone": "positive", "width": 89.89488842150367}, {"label": "52W", "value": 4.798206205079891, "value_label": "4.8%", "tone": "positive", "width": 13.709160585942545}], "trend_streak": 7, "active_weeks": 16, "active_breadth": "30.8%", "peer": {"scope": "ZA Basic Materials", "count": 41, "rank": 11, "percentile": 75.0, "avg_weekly_return": -1.9242623135929189}}, "setup": {"scores": [{"label": "Trend", "value": 41.15384615384615, "value_label": "41", "width": 41.15384615384615, "tone": "neutral", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 79.96285999151947, "value_label": "80", "width": 79.96285999151947, "tone": "positive", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 100, "value_label": "100", "width": 100, "tone": "positive", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 100, "value_label": "100", "width": 100, "tone": "positive", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 27.705052075359745, "value_label": "28", "width": 27.705052075359745, "tone": "negative", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 83.93793925672512, "value_label": "84", "width": 83.93793925672512, "tone": "positive", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": true, "buy_signal": false, "positive_md": true, "height": 4}, {"week": "6 Mar", "return": -1.694913759382799, "return_label": "-1.7%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 14.12428132818999}, {"week": "13 Mar", "return": 2.5862075956069273, "return_label": "2.6%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": true, "height": 21.55172996339106}, {"week": "20 Mar", "return": 0.0, "return_label": "0.0%", "tone": "neutral", "trend": true, "buy_signal": false, "positive_md": true, "height": 4}, {"week": "27 Mar", "return": -2.521009067614346, "return_label": "-2.5%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 21.008408896786214}, {"week": "3 Apr", "return": -5.106975236008874, "return_label": "-5.1%", "tone": "negative", "trend": true, "buy_signal": 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"positive_rs": true}]}}, "dynamics": {"market_dynamics": "0.97", "market_dynamics_tone": "positive", "md_4_change": "16249.7%", "relative_strength": "13.75", "rs_4_change": "483.2%", "expectation": "Undecided", "expectation_probability": "48.39%"}, "volume": {"latest": "6.1M", "average_13": "9.3M", "average_52": "9.2M", "ratio_13": "0.7x", "ratio_52": "0.7x"}, "risk": {"volatility_13": "2.9%", "volatility_52": "3.4%", "downside_weeks": 20, "upside_weeks": 26, "downside_breadth": "38.5%", "average_gain": "2.8%", "average_loss": "-3.2%"}, "signals": [{"label": "Trend Signal", "value": "Active", "tone": "positive"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "16.2%", "tone": "positive"}, {"label": "Volume", "value": "0.7x", "tone": "neutral"}], "opportunities": ["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."], "risks": ["No major top-level risk cluster is currently dominant."], "watch_points": ["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."], "recent_rows": [{"week": "2026-06-12", "close": "134.0 ZAC", "weekly_return": 0.7518796992481203, "weekly_return_label": "0.8%", "weekly_return_tone": "positive", "trend_line": "115.3 ZAC", "fair_value": "125.9 ZAC", "market_dynamics": "0.97", "relative_strength": "13.75", "volume": "6.1M", "trend_signal": "On"}, {"week": "2026-06-05", "close": "133.0 ZAC", "weekly_return": 6.4, "weekly_return_label": "6.4%", "weekly_return_tone": "positive", "trend_line": "114.5 ZAC", "fair_value": "125.8 ZAC", "market_dynamics": "0.78", 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