By Peet Serfontein & Jalpa Bhoolia
STXIND is an exchange-traded fund (ETF) incorporated in South Africa. It is an index tracker portfolio and provides investors with the price return of the FTSE/JSE Industrial 25 index.
The ETF's major holdings include Naspers (24.8%), Prosus NV (8.4%), British American Tobacco (7.0%) and Bidcorp (6.0%).
Technically, a price that is developing a trough per the Elliott Wave analysis makes for an attractive investment option (see the insert on the main chart).
A trough, such as those labelled on the chart, indicates the completion of a corrective phase (downward wave) and the potential start of an impulse phase (upward wave).
Higher highs and higher lows suggest a prevailing upward trend. If the price rebounds strongly from a trough, it reinforces the bullish case by confirming that the correction was temporary, and the broader uptrend remains intact.
The price is in the accumulation phase of the Wyckoff Price Cycle which underscores a bullish tone.
We suggest a medium capital at risk allocation to this trade. Increase exposure for a break above R119.
| Share Information | |
|---|---|
| Share Code | STXIND |
| Industry | ETF |
| Market Capital (ZAR) | 2.31 billion |
| One Year Total Return | 19.75% |
| Return Year-to-Date | -1.19% |
| Current Price (ZAR) | 115.80 |
| 52 Week High (ZAR) | 121.21 |
| 52 Week Low (ZAR) | 94.65 |
| Financial Year End | - |
| The ETF made good progress over the past year and several technical indicators are guiding for upside potential. It also remains above its 200-day simple moving average (SMA). | |
Buy/Sell Rationale:
Technical Analysis:
Fundamental considerations
| Share Name and Position | DCP - Stop Loss(Close the Position) | BID - Stop Loss(Close the Position) | SHP - Buy (Continue to hold) |
|---|---|---|---|
| Entry | 37.90 | 446.54 | 292.78 |
| Current | 35.73 | 425.42 | 292.56 |
| Movement | -5.7% | -4.7% | -0.1% |
| The stock reached its stop-loss level, leading to the closure of the position. | The share reached its stop-loss level, leading to the closure of the position. |
A period of low volatility remains of interest. Downside price momentum is a concern. Remains above its 200-day simple moving average.
Our profit target is R317.00 with a trailing stop-loss at R268. Exit the trade on 1 September 2025. |
| Share Name and Position (Continue the Position) | NTC - BUY(Continue to hold) | CLS - BUY(Continue to hold) | GRT - Buy (Continue to hold) |
|---|---|---|---|
| Entry | 15.49 | 388.33 | 13.22 |
| Current | 14.95 | 373.50 | 12.57 |
| Movement | -3.5% | -3.8% | -4.9% |
|
A bullish price swing in the price reflects improving sentiment. Remains above its 200-day simple moving average. Downside price momentum is a concern.
Our profit target is R17.40 with a trailing stop-loss at R14. Exit the trade on 24 November 2025. |
A rectangle pattern remains of interest. Remains above its 200-day simple moving average. Strong downside price momentum is concerning.
Our profit target is R444 with a trailing stop-loss at RR354. Exit the trade on 10 November 2025. |
A price trading at one of its highest price bins (price distribution analysis) remains of interest. Testing its 200-day simple moving average. Downside price momentum has halted.
Our profit target is R16 with a trailing stop-loss at R12.00. Exit the trade on 17 November 2025. |
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