Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
ERCOT HOUSTON 345 KV HUB 5 MW PEAK JULY 2024 (NYMEX:QAI1.N24)
Long-Term Downtrend (-90) - QAI1.N24 is in a strong downtrend that is likely to continue. While QAI1.N24 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 QAI1.N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QAI1.N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QAI1.N24
The long-term trend has been DOWN since Sep 21st, 2021 at 54.36
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 55.86
The short-term trend has been DOWN since Sep 21st, 2021 at 56.71
Smart Scan Analysis for QAI1.N24
Based on our trend formula, QAI1.N24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).