Future Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
NEPOOL CONN 5 MW DAY AHEAD(PEAK) JANUARY 2023 (NYMEX:QP2.F23)
Bull Market Weakness (+75) - QP2.F23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on QP2.F23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid QP2.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QP2.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QP2.F23
The long-term trend has been UP since Feb 4th, 2021 at 68.95
The intermediate-term trend has been UP since Aug 2nd, 2021 at 94.73
The short-term trend has been UP since Aug 26th, 2021 at 98.48
Smart Scan Analysis for QP2.F23
Based on our trend formula, QP2.F23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).