Technical analysis from Freightways (FRE.NZ, NZE:FRE) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

Freightways
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Average True Range for Freightways has signalled an uptrend is active
Average True Range /
Average True Range for Freightways has signalled an uptrend is active

[Bullish]: Average True Range has confirmed an uptrend is present. Freightways has a TR of 0.13, and an ATR(14) of 0.088.

Daily trading has confirmed an Aroon downtrend (-40) for Freightways
Aroon Oscillator /
Daily trading has confirmed an Aroon downtrend (-40) for Freightways

FRE: Aroon Oscillator Current Signal -> (1) 13 Dec: BEARISH (2) 12 Dec: BEARISH (3) 11 Dec: BEARISH

Ease of Movement /
Recent trading was only supported by low volume for Freightways

FRE: EOM Current Signal -> (1) 13 Dec: BULLISH EASY (2) 12 Dec: BULLISH HARD (3) 11 Dec: BULLISH HARD

Simple Moving Average /
Freightways is in a short term uptrend with the support price @$7.624

[BEARISH]: Freightways currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.5%.

Sine Weighted Moving Average /
Price continues to trade above the Sine Weighted Moving Average(5) for FRE

FRE: SWMA Recent Trading -> (1) 13 Dec: 7.626 (2) 12 Dec: 7.612 (3) 11 Dec: 7.610

Opening Price /
[Bullish]: Freightways has opened 0.5 % stronger

[BULLISH]: Freightways opening price has gapped up. Currently, the OPEN is $7.7 (0.5 %).

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High Price /
High for FRE has surpassed the high of the previous trading session

FRE: HIGH Current Signal -> (1) 13 Dec: BULLISH (2) 12 Dec: BULLISH (3) 11 Dec: NEUTRAL

FRE: Price continues to move above the WMA(5) @$7.635
Weighted Moving Average /
FRE: Price continues to move above the WMA(5) @$7.635

[BULLISH]: Freightways currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.5%.

Open/close reversal:  Sellers have taken control during the trading day for Freightways
Open Tod Vs Close Tod /
Open/close reversal: Sellers have taken control during the trading day for Freightways

FRE: Open today versus close yesterday Current Signal ->(1) 13 Dec: BEARISH (2) 12 Dec: BEARISH STRONG (3) 11 Dec: BULLISH WEAK

Moving Average Envelope /
Lower envelope oversold signal had been maintained for Freightways

[BULLISH]: Freightways current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 7.3720.

Medium Trend /
Freightways: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Freightways has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 7 2017.

Chaikin Money Flow /
Positive divergence for Freightways @ 0.11

[BULLISH]: Freightways current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.11. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 1

Freightways: Daily closing price is $7.66 [Bullish]
Closing Price /
Freightways: Daily closing price is $7.66 [Bullish]

[BULLISH]: Freightways current uptrend in the first timeframe. Currently, the Close is $7.66.

The daily range for Freightways has achieved a higher high [Bullish]
Coles Reaction Day /
The daily range for Freightways has achieved a higher high [Bullish]

Freightways: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for FRE

MACD Volume /
Freightways: Volume MACD oscillator (6674)

FRE: Volume MACD Current Signal -> (1) 13 Dec: BULLISH (2) 12 Dec: BULLISH CROSSOVER (3) 11 Dec: BULLISH CROSSOVER

Black Candle /
FRE Basic Candle: Black

[BEARISH]: Freightways has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Elder Ray Index /
Freightways: Elder Ray Index is 0.049 [Bullish]

[BULLISH]: FreightwaysElder Ray Index is signalling a Bullish movementERI is 0.049 indicating bull power. Prices are being driven above the consensus of value for FRE during the last trading session [Buying Pressure]

Freightways has moved below the 61.8% retracement fan level ($10.86) [Bearish]
Fibonacci Fans /
Freightways has moved below the 61.8% retracement fan level ($10.86) [Bearish]

Freightways has moved below the 61.8% retracement level ($10.86) [Bearish]. Look for a short limit order entry near this point. Exit price for FRE should be set @$7.63 & short position stoploss for Freightways should be set between $7.69

Traders are currently accumulating Freightways
Daily Volume Index /
Traders are currently accumulating Freightways

[BULLISH]: Freightways current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Drawdown for Freightways is currently low signalling low stress
Ulcer Index /
Drawdown for Freightways is currently low signalling low stress

[BEARISH]: Freightways UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.326.

Triangular Moving Average /
[Uptrend]: Recent trading for FRE confirms bullish TMA(5) signal

[BULLISH]: Freightways currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.5%.

Demarks Pivot Points /
Freightways has broken the first DeMark resistance point ($7.6825) [Bullish]

Freightways has broken the first DeMark resistance point ($7.6825) [Bullish]. Look for a long limit order entry near this point. Exit price for FRE should be set @$7.705 & Stoploss for Freightways should be set at $7.615

Volume /
Freightways: Daily volume is 28467 (-47.1)

[BEARISH]: Freightways current volume downtrend in the first timeframe. Volume for FRE is28467 (-47.1).

Pivot Points /
Freightways: Look for a long limit order entry @$7.72

Freightways has broken the first resistance point ($7.72) [Bullish]. Look for a long limit order entry near this point. Exit price for FRE should be set @$7.78 & Stoploss for Freightways should be set between $7.6 & $7.54

The simple moving average and past price for FRE has confirmed bearish trading conditions
Detrended Price Oscillator /
The simple moving average and past price for FRE has confirmed bearish trading conditions

[BEARISH]: Freightways currently has a confirmed downtrend. Price is currently below the displaced moving average for FRECurrently, the return on DPO20 is 0.5%.

FRE: Over the last 12 months there has been 13 trading  days with the closing price in the lower part of the range giving a confirmation ratio of 44.8%.
Close Tod Vs Range Tod /
FRE: Over the last 12 months there has been 13 trading days with the closing price in the lower part of the range giving a confirmation ratio of 44.8%.

[BEARISH]: Freightways sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Freightways adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 13 trading days with the closing price in the lower part of the range giving a confirmation ratio of 44.8%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 33.3%. Currently this quarter, closing price has spent 13 days in the lower price range compared to 12 days in the upper range giving a ratio of 1.1x.

Accumulation / Distribution /
Freightways is being actively accumulated

[BULLISH]: Freightways current accumulation has given strength to the share price and the continuation of bullish trading conditions.

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