Future Trend Analysis Report
Prepared for you on Tuesday, April 23, 2019.
NATURAL GAS MAY 2019 (NYMEX:QNG.K19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for QNG.K19
The long term trend has been DOWN since Jan 2nd, 2019 at 2.602
The intermediate term trend has been DOWN since Mar 21st, 2019 at 2.782
The short term trend has been UP since Apr 22nd, 2019 at 2.521
Smart Scan Analysis for QNG.K19
Based on a pre-defined weighted trend formula for chart analysis, QNG.K19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2011||52wk Low||2.47|
|52wk Low Date||2016-02-25||Volatility||25.17|