FREIGHTOS LTD (CRGO) Stock Technical Analysis
USA - NASDAQ:CRGO - KYG514051013 - Common Stock
Taking everything into account, CRGO scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, CRGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
CRGO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for CRGO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.32 to 3.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.00 to 3.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.65 from a trend line in the daily time frame.
- Support @2.49 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.50 to 3.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.65 to 3.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CRGO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRGO is neutral. |
| ChartMill Relative Strength | 95.46 | POSITIVE | CRGO has a high relative strength, it outperformed 95.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CRGO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.66 | NEUTRAL | The RSI value for CRGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CRGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.99 | NEUTRAL | The Stochastics value for CRGO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.94 | HIGH VOLATILITY | The high ATR as a percentage value for CRGO suggests high volalility. |
| Average Directional Index/ADX (14) | 16.81 | NEGATIVE | The low ADX value for CRGO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.53 | 3.31 | 0.22 (6.23%) | 16.05% |
| An entry @3.53. This is a Buy Stop order right above the resistance zone. | An exit @3.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 6.23%. | For a 1.00% total portfolio risk, you can invest 16.05% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CRGO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.44
+0.04 (+1.18%)
FREIGHTOS LTD / CRGO FAQ
What is the ChartMill technical rating of FREIGHTOS LTD (CRGO) stock?
ChartMill assigns a technical rating of 8 / 10 to CRGO.
What is the current trend direction of FREIGHTOS LTD (CRGO) stock?
The current trend direction for FREIGHTOS LTD (CRGO) is Bullish.
What is the RSI signal for FREIGHTOS LTD (CRGO) stock?
FREIGHTOS LTD (CRGO) has an RSI value of 50.6629. This indicates that the stock is currently neutral.
What is the short term momentum for FREIGHTOS LTD (CRGO) stock?
The short term momentum for FREIGHTOS LTD (CRGO) is neutral.
What are the support and resistance levels for FREIGHTOS LTD (CRGO) stock?
FREIGHTOS LTD (CRGO) has a support level at 3.36 and a resistance level at 3.5. Check the full technical report for our detailed analysis of CRGO support and resistance levels.