Future Trend Analysis Report
Prepared for you on Tuesday, September 27, 2022.
ERCOT WEST ZONE MCPE 5 MW OFF PEAK DECEMBER 2022 (NYMEX:QO1.Z22)
Sidelines Mode (+55) - QO1.Z22 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid QO1.Z22?
MarketClub looks at technical strength and momentum to determine if the timing is right for QO1.Z22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QO1.Z22
The long-term trend has been UP since Apr 23rd, 2021 at 13.15
The intermediate-term trend has been UP since Apr 8th, 2021 at 12.35
The short-term trend has been DOWN since Sep 9th, 2021 at 20.74
Smart Scan Analysis for QO1.Z22
Based on our trend formula, QO1.Z22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).