Thungela ResourcesJSE:TGA closed above a key level today, I would like to see it stay above this level. Also, I want to see it trade above R130 for a more (peaceful) confirmation,
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25 ZAR
5.16 B ZAR
30.63 B ZAR
125.99 M
About THUNGELA RESOURCES LTD
Sector
Industry
CEO
July Ndlovu
Website
Headquarters
Johannesburg
Founded
1945
ISIN
ZAE000296554
FIGI
BBG00ZYWDWF3
Thungela Resources Ltd. engages in the production and marketing of thermal coal reserves. It operates through the South Africa and Australia geographical segments. The South Africa segment includes the opencast, underground, and services. The Australia segment refers to underground which mining operations undertaken in an underground mine where coal is extracted at Ensham, as well as the operations providing various services to support the mining operations in that country. The company was founded in 1945 and is headquartered in Johannesburg, South Africa.
TGA.JSE Thungela Trend Cloud & FIB Study.Since it's last Earning Report - Thungela has shown a remarkable recover of it's Share Price.
I've plotted the Fibonacci Levels to see where we could encounter possible Resistance.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you apprecia
Our opinion on the current state of THUNGELA(TGA)Thungela (TGA) is Anglo American's coal assets which have been unbundled into the hands of Anglo shareholders and separately listed on the JSE and the LSE because of Anglo's policy of moving away from carbon-based fossil fuels like coal. Anglo sold its last 8% of Thungela on 25th March 2022 for R1.6
TGATGA
The accompanying reading is from my research model which provides an automated comment on a share for 3x time frames (ST, MT and LT).
Today, the short term rating states the following: "strong upside move but momentum slowing with sellers becoming active".
A few days ago I also noted that
Our opinion on the current state of TGAThungela (TGA) represents Anglo American's coal assets, which were unbundled into the hands of Anglo shareholders and separately listed on the JSE and the LSE due to Anglo's policy of transitioning away from carbon-based fossil fuels like coal. Anglo completed the sale of its final 8% stake in Thung
Our opinion on the current state of TGAThungela Resources Ltd. (TGA), a spin-off from Anglo American's coal division, has positioned itself as a significant player in the thermal coal export market, with a strong focus on the Asian, Indian, Southeast Asian, and East and North African markets. The unbundling of Thungela from Anglo America
$JSETGA - Thungela: Follow The Coal Futures, More Downside AheadSee link below for previous analysis.
Wave (C) is proving to be more extended to the downside.
I have updated the wave count and moved wave 3 of (C) to the 12350 bottom followed by a flat pattern for wave 4.
Wave 5 is currently unfolding and looks impulsive so I am expecting further downside in the
UPDATE: Thungela continues it's land slide since the H&S break Unfortunately, the price did break below the H&S and Thungela showed a ton of supply and selling coming in.
This means, the target is still set to R91.93. The support at R121.50 was the last hope for the share to hold and bounce.
But now it's clear that this resource miner is in trouble.
Now l
UPDATE Thungela continues its downside to R88.70 with a new H&SLarge H&S formed since since May 2022. The price broke below the neckline and since then it's been on a one way trajectory.
That was until it reached R123.96 in May 2023... THe price since then has consolidated in a sideways manner and has formed yet another Head and Shoulders.
With the price br
Thungela IH&S Pattern Seen.Thungela seems to have printed an Inverse Head and Shoulder pattern, showing a potential +-20% upside if the Head formation plays out.
I trust this plays out for those Invested.
Use Stop Loss management with Alarm to your preferences.
Regards Graham.
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Frequently Asked Questions
The current price of TGA is 13,367 ZAC — it has increased by 4.48% in the past 24 hours. Watch THUNGELA RESOURCES LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on JSE exchange THUNGELA RESOURCES LTD stocks are traded under the ticker TGA.
TGA stock has risen by 4.55% compared to the previous week, the month change is a 10.75% rise, over the last year THUNGELA RESOURCES LTD has showed a −14.62% decrease.
We've gathered analysts' opinions on THUNGELA RESOURCES LTD future price: according to them, TGA price has a max estimate of 20,229.96 ZAC and a min estimate of 10,800.00 ZAC. Watch TGA chart and read a more detailed THUNGELA RESOURCES LTD stock forecast: see what analysts think of THUNGELA RESOURCES LTD and suggest that you do with its stocks.
TGA stock is 5.50% volatile and has beta coefficient of 0.25. Track THUNGELA RESOURCES LTD stock price on the chart and check out the list of the most volatile stocks — is THUNGELA RESOURCES LTD there?
Today THUNGELA RESOURCES LTD has the market capitalization of 17.22 B, it has decreased by −2.52% over the last week.
Yes, you can track THUNGELA RESOURCES LTD financials in yearly and quarterly reports right on TradingView.
THUNGELA RESOURCES LTD is going to release the next earnings report on Mar 25, 2025. Keep track of upcoming events with our Earnings Calendar.
TGA earnings for the last half-year are 9.52 ZAC per share, whereas the estimation was 9.18 ZAC, resulting in a 3.70% surprise. The estimated earnings for the next half-year are 8.88 ZAC per share. See more details about THUNGELA RESOURCES LTD earnings.
THUNGELA RESOURCES LTD revenue for the last half-year amounts to 16.75 B ZAC, despite the estimated figure of 16.24 B ZAC. In the next half-year revenue is expected to reach 16.27 B ZAC.
TGA net income for the last half-year is 1.29 B ZAR, while the previous report showed 2.08 B ZAR of net income which accounts for −38.06% change. Track more THUNGELA RESOURCES LTD financial stats to get the full picture.
THUNGELA RESOURCES LTD dividend yield was 13.00% in 2023, and payout ratio reached 53.10%. The year before the numbers were 34.88% and 78.69% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. THUNGELA RESOURCES LTD EBITDA is 6.46 B ZAR, and current EBITDA margin is 27.66%. See more stats in THUNGELA RESOURCES LTD financial statements.
Like other stocks, TGA shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade THUNGELA RESOURCES LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So THUNGELA RESOURCES LTD technincal analysis shows the strong buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating THUNGELA RESOURCES LTD stock shows the sell signal. See more of THUNGELA RESOURCES LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.