FREIGHT TECHNOLOGIES INC (FRGT) Technical Analysis
NASDAQ:FRGT • VGG514131546
Current stock price
FRGT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to FRGT. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, FRGT is a bad performer in the overall market: 98% of all stocks are doing better.
- 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 0.75 - 1.12 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.
FRGT Weekly and Daily overview Charts
FRGT Setup Rating and Analysis
FRGT has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
FRGT Support and Resistance Analysis
0.88
We found 1 important resistance area.
- A resistance zone ranging from 0.93 to 0.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 2.14 | NEGATIVE | FRGT has a low relative strength, it was outperformed by 97.86% 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) | 42.87 | NEUTRAL | The RSI value for FRGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FRGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.55 | NEUTRAL | The Stochastics value for FRGT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.51 | HIGH VOLATILITY | The high ATR as a percentage value for FRGT suggests high volalility. |
| Average Directional Index/ADX (14) | 10.27 | 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
0.89
-0.03 (-3.19%)
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 FREIGHT TECHNOLOGIES INC (FRGT) stock?
FREIGHT TECHNOLOGIES INC (FRGT) has an RSI value of 42.8682. This indicates that the stock is currently neutral.
What is the MACD signal for FREIGHT TECHNOLOGIES INC (FRGT) stock?
The MACD indicator for FREIGHT TECHNOLOGIES INC (FRGT) has a value of 0.0168961, indicating a bearish trend.
What is the support and resistance level for FRGT stock?
FREIGHT TECHNOLOGIES INC (FRGT) has a resistance level at 0.93. Check the full technical report for our detailed analysis of FRGT support and resistance levels.