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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PNM
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Weaker technical forecast for PNM Resources Inc (Holding Co) as stock downgraded to Sell Candidate.
(Updated on Jun 18, 2024)

Sell candidate since Jun 18, 2024 PDF

The PNM Resources Inc (Holding Co) stock price fell by -3.34% on the last day (Tuesday, 18th Jun 2024) from $36.88 to $35.65. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.40% from a day low at $35.58 to a day high of $36.79. The price has fallen in 6 of the last 10 days and is down by -5.79% for this period. Volume has increased on the last day by 559 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 931 thousand shares were bought and sold for approximately $33.20 million.

The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $36.77. A reaction back to this level may hold a second chance to get out before further falls.

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PNM Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The PNM Resources Inc (Holding Co) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $37.17 and $37.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -7.02%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for PNM Resources Inc (Holding Co) stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.21 between high and low, or 3.40%. For the last week the stock has had daily average volatility of 1.97%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PNM) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect PNM Resources Inc (Holding Co) to open at $36.00, and during the day (based on 14 day Average True Range), to move between $34.88 and $36.42, which gives a possible trading interval of +/-$0.768 (+/-2.15%) up or down from last closing price. If PNM Resources Inc (Holding Co) takes out the full calculated possible swing range there will be an estimated 4.31% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $37.06, some $1.41 (3.96%) from the current price of $35.65, our system finds the risk reward not very attractive.

Is PNM Resources Inc (Holding Co) stock A Buy?

The PNM Resources Inc (Holding Co) stock holds several negative signals and despite the positive trend, we believe PNM Resources Inc (Holding Co) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.071 Sell Candidate Downgraded

Predicted Opening Price for PNM Resources Inc (Holding Co) of Thursday, June 20, 2024

Fair opening price June 20, 2024 Current price
$36.00 ( 0.99%) $35.65

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PNM

Fibonacci Support & Resistance Levels

Level Price
R3 37.21 4.39%
R2 36.75 3.09%
R1 36.47 2.29%
Price 35.65
S1 35.54 -0.305%
S2 35.26 -1.11%
S3 34.79 -2.40%

Accumulated Volume Support & Resistance Levels

Level Price
R3 37.88 6.26%
R2 37.84 6.14%
R1 37.06 3.96%
Price 35.65
S1 0 -
S2 0 -
S3 0 -

PNM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Apr 25, 2024 May 10, 2024 $0.388 1.02%
2 Dec 05, 2023 Feb 01, 2024 Feb 16, 2024 $0.388 1.03%
3 Sep 19, 2023 Oct 26, 2023 Nov 10, 2023 $0.368 0.87%
4 Aug 01, 2023 Aug 10, 2023 Aug 25, 2023 $0.368 0.84%
5 Feb 28, 2023 Apr 27, 2023 May 12, 2023 $0.368 0.771%

FAQ

What is the symbol for PNM Resources Inc (Holding Co) Stock and on which exchange is it traded?
The symbol for PNM Resources Inc (Holding Co) is PNM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell PNM Resources Inc (Holding Co) Stock?
The PNM Resources Inc (Holding Co) stock holds several negative signals and despite the positive trend, we believe PNM Resources Inc (Holding Co) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy PNM Resources Inc (Holding Co) Stock?
PNM Resources Inc (Holding Co) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PNM Resources Inc (Holding Co) Stock.

What's the current price of PNM Resources Inc (Holding Co) Stock?
As of the end of day on the Jun 18, 2024, the price of an PNM Resources Inc (Holding Co) (PNM) share was $35.65.

What is the 52-week high and low for PNM Resources Inc (Holding Co) Stock?
The 52-week high for PNM Resources Inc (Holding Co) Stock is $46.47 and the 52-week low is $34.63.

What is the market capitalization of PNM Resources Inc (Holding Co) Stock?
As of the Jun 18, 2024, the market capitalization of PNM Resources Inc (Holding Co) is 3.216B.

When is the next earnings date for PNM Resources Inc (Holding Co)?
The upcoming earnings date for PNM Resources Inc (Holding Co) is Aug 02, 2024.
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About PNM Resources Inc (Holding Co)

PNM Resources (Holding Co) PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of De... PNM Profile

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