Future Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
FREIGHT ROUTE TD25 (BALTIC) NOVEMBER 2024 (NYMEX:QAEB.X24)
Long-Term Downtrend (-90) - QAEB.X24 is in a strong downtrend that is likely to continue. While QAEB.X24 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 QAEB.X24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QAEB.X24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QAEB.X24
The long-term trend has been DOWN since Jul 19th, 2021 at 19.100
The intermediate-term trend has been DOWN since May 21st, 2021 at 19.350
The short-term trend has been DOWN since Aug 9th, 2021 at 18.525
Smart Scan Analysis for QAEB.X24
Based on our trend formula, QAEB.X24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).