FREIGHT TECHNOLOGIES INC (FRGT) Technical Analysis
NASDAQ:FRGT • VGG514131546
Current stock price
FRGT Technical Rating and Analysis
Overall FRGT gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 99% of all other stocks performed better in the past year than FRGT.
- FRGT is one of the lesser performing stocks in the Air Freight & Logistics industry. 95% of 23 stocks in the same industry do better.
- FRGT is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so FRGT is lagging the market.
- In the last month FRGT has a been trading in the 0.99 - 1.23 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
FRGT Weekly and Daily overview Charts
FRGT Setup Rating and Analysis
Although the technical rating is bad, FRGT does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for FRGT 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.
More info and screens
FRGT Support and Resistance Analysis
0.98
3 important resistance areas can be observed.
- A resistance zone ranging from 1.06 to 1.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.20 from a horizontal line in the daily time frame.
- Resistance @1.35 from a trend line in the daily time frame.
FRGT 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 FRGT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRGT is down. |
| ChartMill Relative Strength | 1.68 | NEGATIVE | FRGT has a low relative strength, it was outperformed by 98.32% 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) | 36.31 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 12.12 | OVERSOLD | The low Stochastics value suggests FRGT may be oversold. |
| Average True Range in percent/ATR (20) | 7.81 | HIGH VOLATILITY | The high ATR as a percentage value for FRGT suggests high volalility. |
| Average Directional Index/ADX (14) | 18.25 | NEGATIVE | The low ADX value for FRGT suggests a weak or negative trend. |
FRGT Chart- and CandleStick Pattern Analysis
FRGT Technicals: Chart, Performance Metrics, Trend & Indicators
0.99
-0.05 (-4.81%)
FREIGHT TECHNOLOGIES INC / FRGT TA 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 36.3076. 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 0.00717837, indicating a bearish trend.
What is the short term momentum for FRGT stock?
The short term momentum for FREIGHT TECHNOLOGIES INC (FRGT) is negative.