Is PNM Resources, Inc. technically bullish or bearish?

As of 20 June 2025, the technical trend for PNM Resources, Inc. has changed from bullish to mildly bullish. The weekly MACD and KST are both bullish, supporting a positive outlook in the short term. However, the monthly RSI is bearish, indicating potential weakness over a longer time frame. The daily moving averages remain bullish, while the weekly Bollinger Bands are bullish and monthly Bollinger Bands are mildly bullish, suggesting some upward momentum. Dow Theory indicates a mildly bearish stance on the weekly chart, which could temper bullish sentiment. Overall, the current technical stance is mildly bullish, driven primarily by the bullish signals from the MACD and KST on the weekly charts, despite mixed signals from the RSI and Dow Theory.