PNM Resources Technical Analysis (NYSE:PNM)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The PNM Resources stock price data and volume are plotted in PNM stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for PNM Resources. The technical analysis form of PNM Resources stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
PNM Resources Moving Average
Moving averages show the average price of PNM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $38.86 is below the last closing price of $39.8 and the 50 day moving average of $38.26 is below the last closing price of $39.8. The 10 and 20 day periods can predict short term moving average trends.
PNM Resources Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the PNM stock. Currently the stock price of $39.8 is in the upper range of PNM Resources bollinger bands.
PNM Resources Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The PNM Resources MACD indicator can be used to identify bullish and bearish trends for the stock.
PNM Resources Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 71.43 is the RSI value of PNM stock.