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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.
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MarketClub’s Trade Triangles for PNM
The long-term trend has been DOWN since Mar 23rd, 2023 at 48.39
The intermediate-term trend has been DOWN since Oct 27th, 2023 at 43.06
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).
| 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 High | 43.12 | Year High Date | 2018-11-20 |
| Year Low | 33.75 | Year Low Date | 2018-02-08 |
| 52wk High | 49.595 | 52wk High Date | 2023-01-18 |
| 52wk Low | 41.44 | 52wk Low Date | 2023-11-29 |
| Year End Close | 20.51 | Average Volume | 490,759 |
| Shares Outstanding | 39,118 | Short Interest | 2,425,895 |
| % Institutional | 87.5 | Market Cap | 3,997M |
| Assets | 962,697,000M | Liabilities | 735,319,800M |
| P/E Ratio | 14.9532 | Beta | 0.45 |
| Volatility | 20.63 |