TXNM ENERGY INC (TXNM) Stock Technical Analysis
USA - NYSE:TXNM - US69349H1077 - Common Stock
Overall TXNM gets a technical rating of 7 out of 10. 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.
Besides having an excellent technical rating, TXNM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 56.80, a Stop Loss order could be placed below this zone.
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55.69
When analyzing the support we notice one important area.
- A support zone ranging from 56.25 to 56.80. 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 56.88 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 | 76.37 | POSITIVE | TXNM has a high relative strength, it outperformed 76.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TXNM is below a declining 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) | 47.23 | NEUTRAL | The RSI value for TXNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TXNM has a negative trend. |
| Stochastics (14,3) | 40 | NEUTRAL | The Stochastics value for TXNM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for TXNM suggests low volalility. |
| Average Directional Index/ADX (14) | 8.12 | NEGATIVE | The low ADX value for TXNM suggests a weak or negative 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 |
|---|---|---|---|
| 56.91 | 56.72 | 0.19 (0.34%) | 25.00% |
| An entry @56.91. This is a Buy Stop order right above the 10 day moving average. | An exit @56.72. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 0.34%. | For a 0.08% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TXNM. Please evaluate whether better entry and exit points can be found.
- 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.
56.8
-0.02 (-0.04%)
TXNM ENERGY INC / TXNM FAQ
What is the technical rating for TXNM stock?
ChartMill assigns a technical rating of 7 / 10 to TXNM.
What is the trend direction for TXNM stock?
The current trend direction for TXNM ENERGY INC (TXNM) is Bullish.
What is the RSI signal for TXNM ENERGY INC (TXNM) stock?
TXNM ENERGY INC (TXNM) has an RSI value of 47.2347. This indicates that the stock is currently neutral.
What is the short term momentum for TXNM ENERGY INC (TXNM) stock?
The short term momentum for TXNM ENERGY INC (TXNM) is neutral.
What is the support and resistance level for TXNM stock?
TXNM ENERGY INC (TXNM) has a support level at 56.8 and a resistance level at 56.88. Check the full technical report for our detailed analysis of TXNM support and resistance levels.