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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Freight Technologies, Inc. - Ordinary Shares (NASDAQ:FRGT)
Long-Term Downtrend (-90) - FRGT is in a strong downtrend that is likely to continue. While FRGT is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FRGT?
MarketClub looks at technical strength and momentum to determine if the timing is right for FRGT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FRGT
The long-term trend has been DOWN since Jan 23rd, 2024 at 0.252
The intermediate-term trend has been DOWN since Feb 28th, 2024 at 1.860
The short-term trend has been DOWN since Apr 29th, 2024 at 0.850
Smart Scan Analysis for FRGT
Based on our trend formula, FRGT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.70800 | 0.70800 | 0.69010 | 0.70201 | +0.00170 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.70031 | 37946 | 2024-05-09 13:01:16 |
| 52wk High | 20.85 | 52wk High Date | 2023-05-10 |
| 52wk Low | 0.64 | 52wk Low Date | 2024-05-03 |
| Average Volume | 1,900,375 | Shares Outstanding | 29 |