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. Although PNM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- PNM is one of the lesser performing stocks in the Electric Utilities industry. 69% of 47 stocks in the same industry do better.
- 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 compared to the yearly performance of all other stocks, PNM outperforms 50% of them, which is more or less in line with the market.
- PNM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PNM is lagging the market slightly.
PNM Weekly and Daily overview Charts
PNM Setup Rating and Analysis
Although PNM has an excellent technical rating, the quality of the presented setup is not ideal 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
We found 3 important support 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.
We found 1 important resistance 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 RESOURCES INC (PNM) stock?
PNM RESOURCES INC (PNM) has an RSI value of 72.7519. This indicates that the stock is currently overbought.
What is the MACD signal for PNM RESOURCES INC (PNM) stock?
The MACD indicator for PNM RESOURCES INC (PNM) has a value of 0.1898, indicating a bearish trend.
What is the short term momentum for PNM stock?
The short term momentum for PNM RESOURCES INC (PNM) is positive.