Future Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
NEPOOL CONN 5 MW DAY AHEAD(PEAK) APRIL 2023 (NYMEX:QP2.J23)
Long-Term Downtrend (-90) - QP2.J23 is in a strong downtrend that is likely to continue. While QP2.J23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid QP2.J23?
MarketClub looks at technical strength and momentum to determine if the timing is right for QP2.J23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QP2.J23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QP2.J23
Based on our trend formula, QP2.J23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).