Sasol Ltd. ADR (SSL), which trades on the New York Stock Exchange, has continued to demonstrate strong technical performance within the international equity universe. The South African integrated chemicals and energy company develops fuels, chemicals and other energy-related products, and is particularly known for its proprietary Fischer–Tropsch technology.
SSL currently holds a perfect SIA SMAX score of 10 out of 10. The shares have generated returns of 26.76% over the past month, 8.88% over the past quarter and 104.92% over the past year. By comparison, the iShares MSCI ACWI ex US Index ETF has returned 0.15%, 2.61% and 23.03%, respectively, over the same periods.
The shares are ranked 3rd out of 255 securities in the Favoured Green Zone of the SIA International ADR Index Report. SSL has advanced 92 positions over the past month and 14 positions over the past quarter, indicating a substantial improvement in relative strength. The Energy sector is also positioned in the Favoured Green Zone of the SIA Sector Report and currently ranks second out of 31 sectors.
On the point-and-figure chart, SSL’s most recent signal is a Spread Double Top. Near-term support appears to be located at the 3-box reversal level of $13.47, followed by additional support at $10.83 and $9.43. Initial resistance appears near $17.42, with further resistance at $20.01. Beyond these levels, the shares may encounter resistance near their previous 2022 high of $24.39.
The combination of a 10 out of 10 SIA SMAX score, a top-three position in the Favoured Green Zone and the recent improvement in report ranking provides a technical framework through which investment professionals can assess the shares alongside their own investment objectives, risk parameters and portfolio-management processes.
Disclaimer: SIACharts Inc. specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investors investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIACharts Inc. nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.
