Is PNM Resources, Inc. technically bullish or bearish?

As of 28 July 2025, the technical trend for PNM Resources, Inc. has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the daily moving averages and the weekly Bollinger Bands, both indicating mild bullishness. However, the weekly MACD and KST are mildly bearish, while the monthly RSI is bearish, suggesting some weakness in momentum.
In terms of performance, PNM has outperformed the S&P 500 year-to-date with a return of 15.35% compared to 12.22%, and over the past year, it has returned 31.72% versus the S&P 500's 17.14%. However, over the longer term, the stock has lagged significantly, with a 3-year return of 19.39% compared to the S&P 500's 70.41%.