Stock Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
PNM Resources, Inc (NYSE:PNM)
Long-Term Uptrend (+90) - PNM is in a strong uptrend that is likely to continue. While PNM is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for PNM
The long-term trend has been UP since Jan 24th, 2020 at 52.98
The intermediate-term trend has been UP since Jan 16th, 2020 at 51.36
The short-term trend has been UP since Feb 6th, 2020 at 54.60
Smart Scan Analysis for PNM
Based on our trend formula, PNM is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||43.12||Year High Date||2018-11-20|
|Year Low||33.75||Year Low Date||2018-02-08|
|52wk High||52.98||52wk High Date||2019-10-07|
|52wk Low||40.06||52wk Low Date||2019-01-14|
|Year End Close||20.51||Average Volume||599,595|
|Shares Outstanding||79,654||Short Interest||2,425,895|
|% Institutional||87.5||Market Cap||3,997M|