NYSE:PNM - New York Stock Exchange, Inc. - US69349H1077 - Common Stock - Currency: USD
Taking everything into account, PNM scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PNM is only an average performer.
PNM has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
34.39
When analyzing the support we can see 3 important areas.
When analyzing the resistance we notice one important area.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
Indicator | Value | Signal | Comment |
---|---|---|---|
ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PNM is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNM is up. |
ChartMill Relative Strength | 50.32 | NEUTRAL | PNM is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PNM is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PNM is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PNM is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 72.75 | OVERBOUGHT | The high RSI value suggests PNM may be overbought. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests PNM has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 91.24 | OVERBOUGHT | The high Stochastics value suggests PNM may be overbought. |
Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for PNM suggests low volalility. |
Average Directional Index/ADX (14) | 26.03 | POSITIVE | The high ADX value value for PNM suggests a strong trend. |
41.77
-0.44 (-1.04%)