TXNM ENERGY INC (TXNM) Stock Technical Analysis
NYSE:TXNM - New York Stock Exchange, Inc. - US69349H1077 - Common Stock - Currency: USD
Taking everything into account, TXNM scores 6 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, TXNM is a bad performer in the overall market: 100% of all stocks are doing better.
TXNM is one of the lesser performing stocks in the Electric Utilities industry. 95% of 47 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
TXNM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TXNM has an average volume of 1496440 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 56.22 and 57.02.
TXNM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 56.38, a Stop Loss order could be placed below this zone.
More info and screens
47.03
57.48
5 important support areas can be observed.
- A support zone ranging from 56.26 to 56.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 54.75 to 54.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.67 from a trend line in the weekly time frame.
- Support @51.51 from a horizontal line in the daily time frame.
- Support @47.51 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 56.49 to 56.91. 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 | 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) | 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) | 55.94 | NEUTRAL | The RSI value for TXNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests TXNM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.97 | OVERSOLD | The low Stochastics value suggests TXNM may be oversold. |
| Average True Range in percent/ATR (20) | 0.61 | LOW VOLATILITY | The low ATR as a percentage value for TXNM suggests low volalility. |
| Average Directional Index/ADX (14) | 20.42 | NEUTRAL | The ADX value for TXNM suggests a possible start of a new 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 |
|---|---|---|---|
| 56.50 | 56.25 | 0.25 (0.45%) | 25.00% |
| An entry @56.50. This is a Buy Stop order right above the 10 day moving average. | An exit @56.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.25 points, which is 0.45%. | For a 0.11% 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.
56.39
+0.12 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.21%
1 Week-0.32%
2 Weeks-0.67%
1 Month-0.21%
3 Month5.24%
6 Month16.36%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%0.61%
ATR Inc-13.83%
Range Today0.31
ADR(20)0.34
ADR(20)%0.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High56.86
10 Day Low56.22
20 Day High57.02
20 Day Low56.22
52 Week HighN/A
52 Week LowN/A
CS1 End56.38
CR1 Start56.49
Volume & EV
DER(3)-4.55%
DER(5)-0.66%
Volume1.53M
Volume Incr3.76%
Vol(5)1.62M
Vol(50)1.50M