Future Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
ERCOT WEST 345 KV HUB D-A OFF PEAK JULY 2022 (NYMEX:QEWK.N22)
Sidelines Mode (-55) - QEWK.N22 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 QEWK.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QEWK.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QEWK.N22
The long-term trend has been UP since Apr 20th, 2021 at 21.23
The intermediate-term trend has been DOWN since Aug 24th, 2021 at 27.88
The short-term trend has been UP since Sep 9th, 2021 at 25.97
Smart Scan Analysis for QEWK.N22
Based on our trend formula, QEWK.N22 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).