Future Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
PJM DPL OFF_PEAK LMP Jun 2022 (NYMEX:QE8.M22)
Long-Term Uptrend (+90) - QE8.M22 is in a strong uptrend that is likely to continue. While QE8.M22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid QE8.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QE8.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QE8.M22
The long-term trend has been UP since Apr 15th, 2021 at 18.58
The intermediate-term trend has been UP since May 26th, 2021 at 19.14
The short-term trend has been UP since Aug 23rd, 2021 at 22.03
Smart Scan Analysis for QE8.M22
Based on our trend formula, QE8.M22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).