Technical Analysis for TGA - Thungela Resources Limited

Grade Last Price % Change Price Change
C 552.00 1.56% 8.50
TGA closed up 1.56 percent on Friday, April 26, 2024, on 45 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Boomer Sell Setup Bearish Swing Setup 1.56%
Stochastic Reached Oversold Weakness 1.56%
Gapped Down Weakness 1.56%
Oversold Stochastic Weakness 1.56%
Fell Below 20 DMA Bearish 1.85%
New Downtrend Bearish 1.85%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 10 hours ago
Possible NR7 about 10 hours ago
Up 3% about 15 hours ago
Up 2% about 15 hours ago
Up 1% about 15 hours ago

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Profile

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. The company was incorporated in 2021 and is based in Johannesburg, South Africa. Thungela Resources Limited(JSE:TGA) operates independently of Anglo American plc as of June 4, 2021.
Classification

Sector: Energy
Industry: Thermal Coal
Keywords: Mining Anglo American Plc Jse Limited

Is TGA a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 822.9147
52 Week Low 414.1175
Average Volume 252,656
200-Day Moving Average 600.41
50-Day Moving Average 505.80
20-Day Moving Average 568.66
10-Day Moving Average 574.72
Average True Range 25.89
RSI (14) 50.74
ADX 29.14
+DI 19.73
-DI 21.90
Chandelier Exit (Long, 3 ATRs) 558.40
Chandelier Exit (Short, 3 ATRs) 578.72
Upper Bollinger Bands 632.29
Lower Bollinger Band 505.02
Percent B (%b) 0.37
BandWidth 22.38
MACD Line 12.89
MACD Signal Line 21.23
MACD Histogram -8.3368
Fundamentals Value
Market Cap 755.67 Million
Num Shares 137 Million
EPS 3.37
Price-to-Earnings (P/E) Ratio 163.80
Price-to-Sales 0.02
Price-to-Book 0.68
Dividend 50.00
Dividend Yield 9.06%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 574.50
Resistance 3 (R3) 575.00 568.00 570.75
Resistance 2 (R2) 568.00 562.27 567.75 569.50
Resistance 1 (R1) 560.00 558.73 556.50 559.50 568.25
Pivot Point 553.00 553.00 551.25 552.75 553.00
Support 1 (S1) 545.00 547.27 541.50 544.50 535.75
Support 2 (S2) 538.00 543.73 537.75 534.50
Support 3 (S3) 530.00 538.00 533.25
Support 4 (S4) 529.50