TXNM ENERGY INC (TXNM) Stock Technical Analysis
NYSE:TXNM • US69349H1077
We assign a technical rating of 7 out of 10 to TXNM. Although TXNM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- When comparing the performance of all stocks over the past year, TXNM turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
- TXNM is part of the Electric Utilities industry. There are 46 other stocks in this industry, TXNM did better than 60% of them.
- In the last month TXNM has a been trading in a tight range between 58.69 and 59.52.
TXNM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 59.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.14, a Stop Loss order could be placed below this zone.
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55.69
2 important support areas can be observed.
- A support zone ranging from 58.70 to 59.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.25 to 56.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 59.29 to 59.37. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for TXNM is up. |
| ChartMill Relative Strength | 66.17 | NEUTRAL | TXNM is not amongst the best or worst performers 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) | 59.73 | NEUTRAL | The RSI value for TXNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TXNM has a positive trend. |
| Stochastics (14,3) | 75.82 | NEUTRAL | The Stochastics value for TXNM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for TXNM suggests low volalility. |
| Average Directional Index/ADX (14) | 27.99 | 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 |
|---|---|---|---|
| 59.38 | 58.70 | 0.68 (1.15%) | 25.00% |
| An entry @59.38. This is a Buy Stop order right above the resistance zone. | An exit @58.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.68 points, which is 1.15%. | For a 0.29% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
59.28
-0.02 (-0.03%)
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 current trend direction of TXNM ENERGY INC (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 59.734. This indicates that the stock is currently neutral.
What is the short term momentum for TXNM stock?
The short term momentum for TXNM ENERGY INC (TXNM) is positive.
Can you provide the support and resistance levels for TXNM ENERGY INC?
TXNM ENERGY INC (TXNM) has a support level at 59.14 and a resistance level at 59.29. Check the full technical report for our detailed analysis of TXNM support and resistance levels.