Future Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
ERCOT WEST ZONE MCPE 5 MW OFF PEAK JULY 2022 (NYMEX:QO1.N22)
Countertrend Up (+85) - QO1.N22 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid QO1.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QO1.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QO1.N22
The long-term trend has been UP since Apr 20th, 2021 at 21.23
The intermediate-term trend has been UP since Sep 22nd, 2021 at 26.70
The short-term trend has been UP since Sep 9th, 2021 at 25.97
Smart Scan Analysis for QO1.N22
Based on our trend formula, QO1.N22 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).