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Future Trend Analysis Report

Prepared for you on Saturday, May 27, 2023.

PJM PENELEC PEAK CAL DAY AHEAD JUNE 2023 (NYMEX:QA49.M23)

Bear Market Rally (-75) - QA49.M23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on QA49.M23 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid QA49.M23?

MarketClub looks at technical strength and momentum to determine if the timing is right for QA49.M23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYMEX_QA49.M23
Open High Low QA49.M23 Price Change
37.73 37.73 37.73 37.73 0.00
Entry Signal

MarketClub’s Trade Triangles for QA49.M23

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for QA49.M23

Based on our trend formula, QA49.M23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for QA49.M23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.73 37.73 37.73 37.73 0.00
Prev. Close Volume Bid Ask Time
36.49 0 2023-05-25 00:00:00
Volatility41.86Expiration2023-05-31
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