FREIGHTOS LTD (CRGO) Technical Analysis
NASDAQ:CRGO • KYG514051013
Current stock price
CRGO Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to CRGO. Recently some decent action could be observed, but in the medium term time frame this is still negative. CRGO was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CRGO is a bad performer in the overall market: 82% of all stocks are doing better.
- CRGO is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry, of which 72% are performing better than CRGO.
- CRGO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CRGO has a been trading in the 1.51 - 2.20 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CRGO Weekly and Daily overview Charts
CRGO Setup Rating and Analysis
The technical rating of CRGO is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
CRGO Support and Resistance Analysis
1.61
When analyzing the support we notice one important area.
- A support zone ranging from 1.63 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @3.63 from a trend line in the weekly time frame.
CRGO 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 | DOWN | NEGATIVE | The long term trend for CRGO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRGO is up. |
| ChartMill Relative Strength | 18.08 | NEGATIVE | CRGO has a low relative strength, it was outperformed by 81.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CRGO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CRGO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.52 | NEUTRAL | The RSI value for CRGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CRGO has a positive trend. |
| Stochastics (14,3) | 81.43 | OVERBOUGHT | The high Stochastics value suggests CRGO may be overbought. |
| Average True Range in percent/ATR (20) | 7.88 | HIGH VOLATILITY | The high ATR as a percentage value for CRGO suggests high volalility. |
| Average Directional Index/ADX (14) | 32.76 | POSITIVE | The high ADX value value for CRGO suggests a strong trend. |
CRGO Chart- and CandleStick Pattern Analysis
CRGO Technicals: Chart, Performance Metrics, Trend & Indicators
2.09
+0.17 (+8.85%)
FREIGHTOS LTD / CRGO TA FAQ
What is the ChartMill technical rating of FREIGHTOS LTD (CRGO) stock?
ChartMill assigns a technical rating of 2 / 10 to CRGO.
Can you provide the trend direction for FREIGHTOS LTD?
The current trend direction for FREIGHTOS LTD (CRGO) is Bearish.
Can you provide the RSI signal for FREIGHTOS LTD?
FREIGHTOS LTD (CRGO) has an RSI value of 68.5202. This indicates that the stock is currently neutral.
What is the short term momentum for CRGO stock?
The short term momentum for FREIGHTOS LTD (CRGO) is positive.
What is the buy/sell signal for FREIGHTOS LTD (CRGO) stock?
The buy/sell signal for FREIGHTOS LTD (CRGO) is hold as the short term and long term trends are mixed.