Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
PJM PENELEC OFF PEAK CAL DAY AHEAD MAY 2023 (NYMEX:QA50.K23)
Bull Market Weakness (+75) - QA50.K23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QA50.K23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QA50.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QA50.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QA50.K23
The long-term trend has been UP since Apr 20th, 2021 at 19.23
The intermediate-term trend has been UP since Jun 3rd, 2021 at 19.12
The short-term trend has been UP since Aug 24th, 2021 at 20.67
Smart Scan Analysis for QA50.K23
Based on our trend formula, QA50.K23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).