Future Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
PJM PENELEC PEAK CAL DAY AHEAD AUGUST 2024 (NYMEX:QA49.Q24)
Long-Term Downtrend (-90) - QA49.Q24 is in a strong downtrend that is likely to continue. While QA49.Q24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QA49.Q24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QA49.Q24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QA49.Q24
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QA49.Q24
Based on our trend formula, QA49.Q24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).