Future Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
PJM PENELEC OFF PEAK CAL DAY AHEAD Dec 2023 (NYMEX:QA50.Z23)
Long-Term Downtrend (-90) - QA50.Z23 is in a strong downtrend that is likely to continue. While QA50.Z23 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 QA50.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QA50.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QA50.Z23
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 QA50.Z23
Based on our trend formula, QA50.Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).