PNM RESOURCES INC (PNM) Technical Analysis
NYSE:PNM • US69349H1077
Current stock price
PNM Technical Rating and Analysis
Overall PNM gets a technical rating of 8 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month PNM has a been trading in the 35.89 - 42.31 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, PNM turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- PNM is part of the Electric Utilities industry. There are 47 other stocks in this industry, PNM did better than 47% of them.
- PNM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PNM is lagging the market.
PNM Weekly and Daily overview Charts
PNM Setup Rating and Analysis
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.
More info and screens
PNM Support and Resistance Analysis
34.39
When analyzing the support we can see 3 important areas.
- Support @37.20 from a horizontal line in the daily time frame.
- A support zone ranging from 35.63 to 35.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.74 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.78 to 42.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
PNM Technical Indicator Signal Analysis
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. |
PNM Chart- and CandleStick Pattern Analysis
PNM Technicals: Chart, Performance Metrics, Trend & Indicators
41.77
-0.44 (-1.04%)
PNM RESOURCES INC / PNM TA FAQ
Can you provide the ChartMill technical rating for PNM RESOURCES INC?
ChartMill assigns a technical rating of 8 / 10 to PNM.
Can you provide the trend direction for PNM RESOURCES INC?
The current trend direction for PNM RESOURCES INC (PNM) is Bullish.
What is the RSI signal for PNM stock?
PNM RESOURCES INC (PNM) has an RSI value of 72.7519. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for PNM RESOURCES INC?
The buy/sell signal for PNM RESOURCES INC (PNM) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for PNM RESOURCES INC?
PNM RESOURCES INC (PNM) has a support level at 37.2 and a resistance level at 41.78. Check the full technical report for our detailed analysis of PNM support and resistance levels.