TXNM ENERGY INC (TXNM) Stock Technical Analysis
USA - NYSE:TXNM - US69349H1077 - Common Stock
56.63 USD
-0.02 (-0.04%)
56.63 USD
0 (0%)
We assign a technical rating of 7 out of 10 to TXNM. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that TXNM is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, TXNM also shows a nice and consistent pattern of rising prices.
TXNM is part of the Electric Utilities industry. There are 48 other stocks in this industry. TXNM outperforms 74% of them.
TXNM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
TXNM has an average volume of 1002230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TXNM has a been trading in a tight range between 56.49 and 57.02.
Besides having an excellent technical rating, TXNM also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 56.56, a Stop Loss order could be placed below this zone.
More info and screens
55.69
57.94
When analyzing the support we notice one important area.
- A support zone ranging from 56.25 to 56.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 56.64 to 57.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 TXNM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TXNM is neutral. |
| ChartMill Relative Strength | 76.21 | POSITIVE | TXNM has a high relative strength, it outperformed 76.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TXNM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TXNM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TXNM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.86 | NEUTRAL | The RSI value for TXNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TXNM has a negative trend. |
| Stochastics (14,3) | 41.51 | NEUTRAL | The Stochastics value for TXNM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.49 | LOW VOLATILITY | The low ATR as a percentage value for TXNM suggests low volalility. |
| Average Directional Index/ADX (14) | 11.32 | NEGATIVE | The low ADX value for TXNM suggests a weak or negative trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.99 | 56.48 | 0.51 (0.89%) | 25.00% |
| An entry @56.99. This is a Buy Stop order right above the 10 day high. | An exit @56.48. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.51 points, which is 0.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
56.63
-0.02 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.04%
1 Week0.11%
2 Weeks-0.4%
1 Month0.23%
3 Month0.66%
6 Month5.69%
12 Month30.12%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%0.49%
ATR Inc13.66%
Range Today0.25
ADR(20)0.27
ADR(20)%0.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.21
Mansfield-0.16
10 Day High56.98
10 Day Low56.49
20 Day High57.02
20 Day Low56.49
52 Week High57.42
52 Week Low42.09
CS1 End56.56
CR1 Start56.64
Volume & EV
DER(3)-1.71%
DER(5)-0.05%
Volume800.70K
Volume Incr-2.84%
Vol(5)817.82K
Vol(50)1.00M