PNM RESOURCES INC (PNM)
US69349H1077 - Common Stock
Overall PNM gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PNM was also a bad performer in the overall market in the last year.
77% of all other stocks performed better in the past year than PNM.
PNM is one of the lesser performing stocks in the Electric Utilities industry. 88% of 45 stocks in the same industry do better.
In the last month PNM has a been trading in the 35.35 - 38.65 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PNM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 38.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PNM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
35.27
49.06
2 important support areas can be observed.
- A support zone ranging from 37.20 to 38.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.63 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 38.50 to 38.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @40.12 from a trend line in the daily time frame.
- Resistance @44.43 from a horizontal line in the daily time frame.
- Resistance @48.57 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.16
Mansfield-1.9
10 Day High38.65
10 Day Low37.65
20 Day High38.65
20 Day Low35.35
52 Week High46.94
52 Week Low34.63
Performance
1 Week1.48%
2 Weeks1.88%
1 Month5.14%
3 Month2.75%
6 Month-10.9%
12 Month-15.48%
2 Year-19.02%
3 Year-21.64%
5 Year-18.3%
10 Year35.24%
15 Year316.11%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.09
RSI(14)65.16
LBB37.2
UBB38.78
PNM RESOURCES INC
NYSE:PNM (5/17/2024, 7:20:37 PM)
After market: 38.49 0 (0%)38.49
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.03%
1 Week1.48%
2 Weeks1.88%
1 Month5.14%
3 Month2.75%
6 Month-10.9%
12 Month-15.48%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.68
ATR(20)%1.77%
ATR Inc
Range Today0.31
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High38.65
10 Day Low37.65
20 Day High38.65
20 Day Low35.35
52 Week High46.94
52 Week Low34.63
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume439.60K
Volume Incr-41%
Vol(5)375.16K
Vol(50)613.81K