(PNM) Pnm Resources complete technical analysis [charts+indicators] | Buy/Sell Pnm Resources | (PNM) share price targets
Complete technical analysis of Pnm Resources (PNM) by charts plus indicators, forecast predictions and share price targets for Pnm Resources (PNM)
Pnm Resources trades in USA in Public Utilities sector.
10 day averaged volume of Pnm Resources is 540356
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 38.49 | 38.49 | 38.59 | 38.28 | 0.811 times |
| 16 Thu May 2024 | 38.48 | 38.14 | 38.65 | 38.00 | 0.864 times |
| 15 Wed May 2024 | 38.23 | 38.23 | 38.26 | 38.05 | 0.524 times |
| 14 Tue May 2024 | 37.97 | 38.27 | 38.34 | 37.72 | 0.574 times |
| 13 Mon May 2024 | 37.95 | 37.99 | 38.25 | 37.85 | 0.695 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.3, but if it comes below 38.3, then a intra day sell could be more profitable.
If you take a sell trade below 38.3, then use 38.3 as stoploss and 37.56 as target. However if you take a buy trade in stock , then use 38.3 as stoploss and 39.2 as target.
Share price targets for Pnm Resources (PNM)
| Target Type | Value |
| Downside Target | 34.63 |
| Downside Target | 36.69 |
| Downside Target | 37.72 |
| Downside Target | 37.83 |
| Downside Target | 38.12 |
| Downside Target | 38.15 |
| Downside Target | 38.22 |
| Upside Target | 38.50 |
| Upside Target | 38.65 |
| Upside Target | 39.67 |
Intraday share price targets for Pnm Resources (PNM)
| Target Type | Value |
| Downside Intraday Target | 37.92 |
| Downside Intraday Target | 37.36 |
| Upside Intraday Target | 38.85 |
| Upside Intraday Target | 39.22 |
| Downside Intraday Target | 38.29 |
Weekly technical analysis of Pnm Resources (PNM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 38.49 | 37.99 | 38.65 | 37.72 | 0.531 times |
| 10 Fri May 2024 | 37.93 | 38.07 | 38.50 | 37.65 | 0.968 times |
| 03 Fri May 2024 | 37.78 | 36.45 | 38.12 | 35.36 | 1.513 times |
| 26 Fri Apr 2024 | 36.32 | 36.62 | 37.16 | 35.88 | 0.769 times |
| 19 Fri Apr 2024 | 36.61 | 36.39 | 36.69 | 35.52 | 0.96 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Pnm Resources (PNM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 38.49 | 37.26 | 38.65 | 36.93 | 0.563 times |
| 30 Tue Apr 2024 | 37.06 | 37.71 | 37.83 | 35.36 | 0.775 times |
| 28 Thu Mar 2024 | 37.64 | 36.51 | 38.22 | 35.95 | 0.585 times |
| 29 Thu Feb 2024 | 36.51 | 35.80 | 38.15 | 34.63 | 0.517 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Pnm Resources (PNM)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 20, 12, 26 | Buy |
| MACD | 1, 1 | Buy |
| Stochastics | 81 | Buy |
| CCI | 147 | Buy |
| RSI | 41 | Sell |
| OBV | 6811664 | Sell |
| VWAP | 38 | Buy |
| ADL | 0 | Sell |
| ROC | 2 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Pnm Resources ( (PNM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Pnm Resources ( (PNM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Pnm Resources ( (PNM) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Pnm Resources ( (PNM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Pnm Resources stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Pnm Resources in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Pnm Resources Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Pnm Resources in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Pnm Resources is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 38.22 and Pnm Resources (PNM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Pnm Resources (PNM) stock. Volume based technical analysis of Pnm Resources (PNM) stock is negative.
Pnm Resources Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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