NYSE:TXNM - New York Stock Exchange, Inc. - US69349H1077 - Common Stock - Currency: USD
Overall TXNM gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, TXNM is a bad performer.
TXNM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 56.59. Right above this resistance zone may be a good entry point.
47.03
When analyzing the support we can see 5 important areas.
We found 1 important resistance 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 TXNM is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TXNM is up. |
ChartMill Relative Strength | 0 | NEGATIVE | TXNM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TXNM is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TXNM is above the rising 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) | 64.7 | NEUTRAL | The RSI value for TXNM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TXNM has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 85.53 | OVERBOUGHT | The high Stochastics value suggests TXNM may be overbought. |
Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for TXNM suggests low volalility. |
Average Directional Index/ADX (14) | 25.57 | POSITIVE | The high ADX value value for TXNM suggests a strong trend. |
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 |
---|---|---|---|
56.92 | 56.24 | 0.68 (1.19%) | 25.00% |
An entry @56.92. This is a Buy Stop order right above the resistance zone. | An exit @56.24. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.68 points, which is 1.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
56.54
-0.04 (-0.07%)