Taking everything into account, FRGT scores 0 out of 10 in our technical rating. FRGT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
FRGT has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
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0.64
When analyzing the support we notice one important area.
- Support @0.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.71 to 0.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.10 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 | 1.99 | NEGATIVE | FRGT has a low relative strength, it was outperformed by 98.01% 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) | 38.59 | NEUTRAL | The RSI value for FRGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FRGT has a positive trend. |
| Stochastics (14,3) | 7.44 | OVERSOLD | The low Stochastics value suggests FRGT may be oversold. |
| Average True Range in percent/ATR (20) | 14.4 | HIGH VOLATILITY | The high ATR as a percentage value for FRGT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.92 | NEGATIVE | The low ADX value for FRGT suggests a weak or negative trend. |
0.7
+0.04 (+6.43%)
FREIGHT TECHNOLOGIES INC / FRGT FAQ
What is the technical rating for FRGT stock?
ChartMill assigns a technical rating of 0 / 10 to FRGT.
What is the current trend direction of FREIGHT TECHNOLOGIES INC (FRGT) stock?
The current trend direction for FREIGHT TECHNOLOGIES INC (FRGT) is Bearish.
What is the RSI signal for FREIGHT TECHNOLOGIES INC (FRGT) stock?
FREIGHT TECHNOLOGIES INC (FRGT) has an RSI value of 38.588. This indicates that the stock is currently neutral.
What is the short term momentum for FREIGHT TECHNOLOGIES INC (FRGT) stock?
The short term momentum for FREIGHT TECHNOLOGIES INC (FRGT) is negative.
What are the support and resistance levels for FREIGHT TECHNOLOGIES INC (FRGT) stock?
FREIGHT TECHNOLOGIES INC (FRGT) has a support level at 0.65 and a resistance level at 0.71. Check the full technical report for our detailed analysis of FRGT support and resistance levels.