Future Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
ERCOT WEST ZONE MCPE 5 MW OFF PEAK NOVEMBER 2021 (NYMEX:QO1.X21)
Countertrend Up (+85) - QO1.X21 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.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QO1.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QO1.X21
The long-term trend has been UP since Feb 10th, 2021 at 16.17
The intermediate-term trend has been UP since Mar 29th, 2021 at 15.99
The short-term trend has been UP since Sep 28th, 2021 at 32.52
Smart Scan Analysis for QO1.X21
Based on our trend formula, QO1.X21 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).