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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 724820

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	37.93	38.29	38.37	37.65	0.588 times
09 Thu May 2024	38.21	38.00	38.31	37.68	0.844 times
08 Wed May 2024	37.97	38.33	38.37	37.75	0.684 times
07 Tue May 2024	38.42	38.35	38.50	37.95	1.315 times
06 Mon May 2024	38.23	38.07	38.47	37.77	1.436 times
03 Fri May 2024	37.78	38.06	38.12	37.50	0.634 times
02 Thu May 2024	37.71	37.69	37.90	37.44	0.822 times
01 Wed May 2024	37.39	37.26	37.63	36.93	1.183 times
30 Tue Apr 2024	37.06	35.80	37.57	35.36	1.427 times
29 Mon Apr 2024	37.06	36.45	37.09	36.31	0.963 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 37.9, but if it comes below 37.9, then a intra day sell could be more profitable.
If you take a sell trade below 37.9, then use 37.9 as stoploss and 37.04 as target. However if you take a buy trade in stock , then use 37.9 as stoploss and 38.9 as target.

Share price targets for Pnm Resources (PNM)

Target Type	Value
Downside Target	34.63
Downside Target	37.65
Downside Target	37.77
Downside Target	37.83
Upside Target	38.12
Upside Target	38.15
Upside Target	38.22
Upside Target	38.50
Upside Target	39.67

Intraday share price targets for Pnm Resources (PNM)

Target Type	Value
Downside Intraday Target	37.55
Downside Intraday Target	37.18
Upside Intraday Target	38.4
Upside Intraday Target	38.88
Upside Intraday Target	38.03

Weekly technical analysis of Pnm Resources (PNM)

Date	Weekly Closing Price	Open	High	Low	Volume
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
12 Fri Apr 2024	36.23	37.34	37.77	36.00	1.331 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
10 Fri May 2024	37.93	37.26	38.50	36.93	0.419 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	0.504 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Weak 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 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 SELL signal in short term but selling 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 37.76 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.