Future Trend Analysis Report
Prepared for you on Sunday, July 3, 2022.
ERCOT WEST ZONE MCPE 5 MW PEAK JANUARY 2024 (NYMEX:QN1.F24)
Sidelines Mode (+55) - QN1.F24 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 QN1.F24?
MarketClub looks at technical strength and momentum to determine if the timing is right for QN1.F24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QN1.F24
The long-term trend has been UP since Feb 16th, 2021 at 31.51
The intermediate-term trend has been UP since Sep 10th, 2021 at 48.09
The short-term trend has been DOWN since Sep 15th, 2021 at 47.93
Smart Scan Analysis for QN1.F24
Based on our trend formula, QN1.F24 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).