Future Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
PJM NO. ILLINOIS -PEAK LMP Jun 2022 (NYMEX:QN3.M22)
Long-Term Uptrend (+90) - QN3.M22 is in a strong uptrend that is likely to continue. While QN3.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 QN3.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QN3.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QN3.M22
The long-term trend has been UP since Mar 26th, 2021 at 27.21
The intermediate-term trend has been UP since May 7th, 2021 at 27.49
The short-term trend has been UP since Aug 20th, 2021 at 33.76
Smart Scan Analysis for QN3.M22
Based on our trend formula, QN3.M22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).