We assign a technical rating of 0 out of 10 to FRGT. FRGT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than FRGT.
- FRGT is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry, of which 95% are performing better than FRGT.
- FRGT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month FRGT has a been trading in the 1.07 - 1.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
The technical rating of FRGT is bad and it also does not present a quality setup 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.
More info and screens
1.32
We can see 2 important resistance areas.
- A resistance zone ranging from 1.33 to 1.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.54 from a trend line 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 | DOWN | NEGATIVE | The long term trend for FRGT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRGT is down. |
| ChartMill Relative Strength | 0.99 | NEGATIVE | FRGT has a low relative strength, it was outperformed by 99.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRGT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRGT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FRGT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.12 | NEUTRAL | The RSI value for FRGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FRGT has a positive trend. |
| Stochastics (14,3) | 36.68 | NEUTRAL | The Stochastics value for FRGT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.67 | HIGH VOLATILITY | The high ATR as a percentage value for FRGT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.05 | POSITIVE | The high ADX value value for FRGT suggests a strong trend. |
1.33
+0.01 (+0.76%)
FREIGHT TECHNOLOGIES INC / FRGT FAQ
Can you provide the ChartMill technical rating for FREIGHT TECHNOLOGIES INC?
ChartMill assigns a technical rating of 0 / 10 to FRGT.
Can you provide the trend direction for FREIGHT TECHNOLOGIES INC?
The current trend direction for FREIGHT TECHNOLOGIES INC (FRGT) is Bearish.
What is the RSI signal for FRGT stock?
FREIGHT TECHNOLOGIES INC (FRGT) has an RSI value of 37.1165. This indicates that the stock is currently neutral.
What is the MACD signal for FRGT stock?
The MACD indicator for FREIGHT TECHNOLOGIES INC (FRGT) has a value of 0.0513855, indicating a bearish trend.
What is the short term momentum for FRGT stock?
The short term momentum for FREIGHT TECHNOLOGIES INC (FRGT) is negative.