TXNM ENERGY INC (TXNM) Stock Technical Analysis
NYSE:TXNM - New York Stock Exchange, Inc. - US69349H1077 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to TXNM. In the last year, TXNM was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, TXNM is a bad performer in the overall market: 100% of all stocks are doing better.
TXNM is part of the Electric Utilities industry. There are 46 other stocks in this industry, of which 95% are performing better than TXNM.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month TXNM has a been trading in the 47.69 - 54.30 range, which is quite wide. It is currently trading near the high of this range.
TXNM has an average volume of 1216530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, TXNM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 53.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.12, a Stop Loss order could be placed below this zone.
More info and screens
46.03
54.98
We found 4 important support areas.
- A support zone ranging from 51.65 to 53.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.20 to 50.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.51 from a horizontal line in the daily time frame.
- A support zone ranging from 46.49 to 46.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.22 to 54.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High54.24
10 Day Low51.08
20 Day High54.3
20 Day Low47.69
52 Week HighN/A
52 Week LowN/A
Performance
1 Week-0.45%
2 Weeks0.8%
1 Month-0.58%
3 Month10.03%
6 Month25.83%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.1
RSI(14)53.1
LBB50.79
UBB54.73
53.2
-0.49 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.91%
1 Week-0.45%
2 Weeks0.8%
1 Month-0.58%
3 Month10.03%
6 Month25.83%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.41
ATR(20)%3.27%
ATR Inc-32.81%
Range Today1.62
ADR(20)1.69
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High54.24
10 Day Low51.08
20 Day High54.3
20 Day Low47.69
52 Week HighN/A
52 Week LowN/A
CS1 End53.12
CR1 Start53.22
Volume & EV
DER(3)-1.53%
DER(5)-0.46%
Volume927.02K
Volume Incr-42.61%
Vol(5)667.58K
Vol(50)1.22M