Future Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
PJM DPL OFF_PEAK LMP Jun 2023 (NYMEX:QE8.M23)
Sidelines Mode (+55) - QE8.M23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QE8.M23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QE8.M23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QE8.M23
The long-term trend has been UP since May 3rd, 2021 at 18.15
The intermediate-term trend has been UP since Sep 9th, 2021 at 20.21
The short-term trend has been DOWN since Sep 15th, 2021 at 20.18
Smart Scan Analysis for QE8.M23
Based on our trend formula, QE8.M23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).