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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.

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NYMEX_QA50.Z23
Open High Low QA50.Z23 Price Change
39.01 39.01 39.01 39.01 0.00
Entry Signal

MarketClub’s Trade Triangles for QA50.Z23

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 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).

-90
Smart Scan Analysis for QA50.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
39.01 39.01 39.01 39.01 0.00
Prev. Close Volume Bid Ask Time
39.61 0 2023-11-29 00:00:00
Volatility26.05Expiration2023-11-30
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