CRGO Technical Analysis - FREIGHTOS LTD

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to CRGO. In the last year, CRGO was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month CRGO has a been trading in the 3.00 - 3.80 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

When comparing the yearly performance of all stocks, we notice that CRGO is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, CRGO also shows a nice and consistent pattern of rising prices.

CRGO is one of the better performing stocks in the Air Freight & Logistics industry, it outperforms 100% of 23 stocks in the same industry.

CRGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRGO is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CRGO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.79

3.57

When analyzing the support we can see 4 important areas.

A support zone ranging from 2.96 to 3.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @2.47 from a trend line in the daily time frame.
Support @2.35 from a trend line in the weekly time frame.
Support @1.81 from a horizontal line in the daily time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 3.17 to 3.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @3.36 from a trend line in the weekly time frame.
Resistance @3.45 from a horizontal line in the weekly time frame.
Resistance @3.53 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	94.7	POSITIVE	CRGO has a high relative strength, it outperformed 94.7% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CRGO is below a declining 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)	42.48	NEUTRAL	The RSI value for CRGO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests CRGO has a negative trend.
Stochastics (14,3)	10.62	OVERSOLD	The low Stochastics value suggests CRGO may be oversold.
Average True Range in percent/ATR (20)	7.15	HIGH VOLATILITY	The high ATR as a percentage value for CRGO suggests high volalility.
Average Directional Index/ADX (14)	31.74	POSITIVE	The high ADX value value for CRGO suggests a strong trend.