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(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 773970

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	41.77	42.00	42.25	41.30	0.662 times
01 Thu Aug 2024	42.21	41.86	42.31	41.49	0.862 times
31 Wed Jul 2024	41.58	42.00	42.20	41.53	1.087 times
30 Tue Jul 2024	41.66	41.03	41.67	40.87	1.334 times
29 Mon Jul 2024	41.03	40.89	41.41	40.74	1.278 times
26 Fri Jul 2024	40.78	40.96	40.98	40.47	0.692 times
25 Thu Jul 2024	40.84	41.00	41.31	40.61	1.306 times
24 Wed Jul 2024	40.71	40.33	40.84	40.20	1.167 times
23 Tue Jul 2024	40.14	40.23	40.39	39.99	0.821 times
22 Mon Jul 2024	40.26	40.25	40.36	39.83	0.937 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.5, but if it comes below 41.5, then a intra day sell could be more profitable.
If you take a sell trade below 41.5, then use 41.5 as stoploss and 39.74 as target. However if you take a buy trade in stock , then use 41.5 as stoploss and 43.5 as target.

Share price targets for Pnm Resources (PNM)

Target Type	Value
Downside Target	35.36
Downside Target	37.46
Downside Target	38.77
Downside Target	39.83
Downside Target	40.48
Downside Target	40.74
Downside Target	41.30
Downside Target	41.31
Upside Target	42.20
Upside Target	42.31

Intraday share price targets for Pnm Resources (PNM)

Target Type	Value
Downside Intraday Target	40.9
Downside Intraday Target	40.04
Upside Intraday Target	42.47
Upside Intraday Target	43.18
Downside Intraday Target	41.61

Weekly technical analysis of Pnm Resources (PNM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	41.77	40.89	42.31	40.74	1.061 times
26 Fri Jul 2024	40.78	40.25	41.31	39.83	1.04 times
19 Fri Jul 2024	39.77	38.69	40.48	37.46	1.271 times
12 Fri Jul 2024	38.71	36.42	39.16	35.89	3.776 times
05 Fri Jul 2024	36.23	36.26	36.36	35.70	0.794 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
02 Fri Aug 2024	41.77	41.86	42.31	41.30	0.079 times
31 Wed Jul 2024	41.58	37.07	42.20	35.70	0.809 times
28 Fri Jun 2024	36.96	38.34	38.77	35.56	1.636 times
31 Fri May 2024	38.34	37.26	38.87	36.53	0.869 times

Scroll below to view daily charts

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)

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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Pnm Resources in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 41.1 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.