Technical Analysis for TNGRF - Thungela Res Ltd

Grade Last Price % Change Price Change
B 5.36 13.56% 0.6400
TNGRF closed up 13.56 percent on Tuesday, October 26, 2021, on 19 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Down
Historical TNGRF trend table...

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
Strong but Oversold Other 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 13.56%
Narrow Range Bar Range Contraction 13.56%
Strong but Oversold Other 13.56%
Wide Bands Range Expansion 13.56%
Older End-of-Day Signals for TNGRF ...

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Profile

Thungela Res Ltd Description

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. The company owns interests in and produces its thermal coal from seven mining operations in the Mpumalanga province of South Africa, including Goedehoop colliery with seven mining rights covering a total area of approximately 29,062 hectors; Greenside colliery with one mining right; Isibonelo colliery with one mining right covering a total area of approximately 2,053 hectors; Khwezela colliery with two mining rights covering a total area of approximately 20,010 hectors; Zibulo colliery with two mining rights covering a total area of approximately 14,222 hectors; Mafube colliery with two mining rights covering a total area of approximately 10,933 hectors; and Rietvlei colliery with one mining right covering a total area of approximately 2,225 hectors. It also exports its products. 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 Coal Mining

Is TNGRF 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 7.2
52 Week Low 2.35
Average Volume 7,059
200-Day Moving Average 0.0000
50-Day Moving Average 4.4494
20-Day Moving Average 5.5770
10-Day Moving Average 5.4500
Average True Range 0.4583
ADX 20.96
+DI 28.7465
-DI 35.1169
Chandelier Exit (Long, 3 ATRs) 5.8251
Chandelier Exit (Short, 3 ATRs) 4.8849
Upper Bollinger Bands 7.0418
Lower Bollinger Band 4.1122
Percent B (%b) 0.43
BandWidth 52.5300
MACD Line 0.1775
MACD Signal Line 0.3691
MACD Histogram -0.1916
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.4350
Resistance 3 (R3) 5.4433 5.4267 5.4225
Resistance 2 (R2) 5.4267 5.4076 5.4225 5.4183
Resistance 1 (R1) 5.3933 5.3958 5.3850 5.3850 5.4142
Pivot Point 5.3767 5.3767 5.3725 5.3725 5.3767
Support 1 (S1) 5.3433 5.3576 5.3350 5.3350 5.3058
Support 2 (S2) 5.3267 5.3458 5.3225 5.3017
Support 3 (S3) 5.2933 5.3267 5.2975
Support 4 (S4) 5.2850