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Stock Trend Analysis Report

Prepared for you on Sunday, December 3, 2023.

PNM Resources, Inc. (Holding Co.) (NYSE:PNM)

Bear Market Rally (-75) - PNM is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on PNM as it may be in the beginning of a reversal.

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.

Open High Low PNM Price Change
41.70 42.31 41.50 42.25 +0.68
Entry Signal

MarketClub’s Trade Triangles for PNM

long term down The long-term trend has been DOWN since Mar 23rd, 2023 at 48.39

intermediate term down The intermediate-term trend has been DOWN since Oct 27th, 2023 at 43.06

short term up The short-term trend has been UP since Dec 1st, 2023 at 42.24

Smart Scan Analysis for PNM

Based on our trend formula, PNM is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for PNM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
41.70 42.31 41.50 42.25 +0.68
Prev. Close Volume Bid Ask Time
42.25 596796 2023-12-01 15:59:48
Year High43.12Year High Date2018-11-20
Year Low33.75Year Low Date2018-02-08
52wk High49.59552wk High Date2023-01-18
52wk Low41.4452wk Low Date2023-11-29
Year End Close20.51Average Volume490,759
Shares Outstanding39,118Short Interest2,425,895
% Institutional87.5Market Cap3,997M
P/E Ratio14.9532Beta0.45
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