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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
PNM Resources, Inc. (Holding Co.) (NYSE:PNM)
Countertrend Up (+85) - PNM is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid PNM?
MarketClub looks at technical strength and momentum to determine if the timing is right for PNM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for PNM
The long-term trend has been UP since May 6th, 2024 at 38.220
The intermediate-term trend has been UP since May 2nd, 2024 at 37.770
The short-term trend has been DOWN since May 9th, 2024 at 37.745
Smart Scan Analysis for PNM
Based on our trend formula, PNM is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 38.000 | 38.295 | 37.680 | 38.250 | +0.280 |
| Prev. Close | Volume | Bid | Ask | Time |
| 37.970 | 279182 | 2024-05-09 15:27:13 |
| Year High | 43.12 | Year High Date | 2018-11-20 |
| Year Low | 33.75 | Year Low Date | 2018-02-08 |
| 52wk High | 48.48 | 52wk High Date | 2023-05-10 |
| 52wk Low | 34.625 | 52wk Low Date | 2024-02-05 |
| Year End Close | 20.51 | Average Volume | 649,172 |
| Shares Outstanding | 39,118 | Short Interest | 2,425,895 |
| % Institutional | 87.5 | Market Cap | 3,997M |
| Assets | 102,576,530M | Liabilities | 789,039,300M |
| P/E Ratio | 41.7253 | Beta | 0.45 |
| Volatility | 20.63 |