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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Freightways: Book value is $1.53
GROWTH /
Freightways: Book value is $1.53

Freightways Key financial metrics: (1) Book Value: $1.53 (2) Market-to-Book ratio: 4.97 (3) PEG Ratio: 18.95

[Bullish]: Elder Ray Index is 0.014 indicating bull power
Elder Ray Index /
[Bullish]: Elder Ray Index is 0.014 indicating bull power

[BULLISH]: FreightwaysElder Ray Index is signalling a Bullish movementERI is 0.014 indicating bull power. Prices are being driven above the consensus of value for FRE during the last trading session [Buying Pressure]

Daily Volume Index /
Freightways is being actively accumulated based on DVI

FRE: DVI Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH CROSSOVER (3) 18 Oct: BEARISH

Accumulation / Distribution /
Distribution still active for Freightways

[BEARISH]: Freightways current distribution has given weakness to the share price and the continuation of bearish trading conditions.

PROFIT /
The current EBITDA for Freightways is $101.00M

Freightways Key financial metrics: (1) Revenue: $545.26M (2) EBITDA: $101.00M (3) Price-Sales ratio: 2.16

Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-96) for Freightways

[BEARISH]: Freightways has a current ARU(25) of 4 and a current ARD(25) of 100

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Closing Price /
Freightways has failed to achieve a higher close of $7.43 (-2.4 %)

[BEARISH]: Freightways current downtrend in the first timeframe. Currently, the Close is $7.43.

MACD Volume /
Volume MACD for Freightways continues to lose momentum @-27974)

[BEARISH]: Freightways currently has negative Volume MACD of -27974. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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Freightways: The CCI oversold signal has been confirmed
Commodity Channel Index /
Freightways: The CCI oversold signal has been confirmed

[BULLISH CROSSOVER]: Freightways current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -128. During the quarter, the lowest CCI value was -225. The last oversold signal occurred on Oct 18 2017

Freightways: Average True Range (0.092) has confirmed an uptrend is present
Average True Range /
Freightways: Average True Range (0.092) has confirmed an uptrend is present

[Bullish]: Average True Range has confirmed an uptrend is present. Freightways has a TR of 0.18, and an ATR(14) of 0.092.

Close Tod Vs Close Yest /
Sellers are now keener than buyers for Freightways & are driving the price down.

[BEARISH]: Freightwayssellers are keener than buyers and are driving the price down. This is the first day of price decline for FRE adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -2.4 & the greatest daily negative change this year has been -3.1. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -3.1%. This quarter, the largest downswing rally has been 7 days giving a total rally downward movement of -3.1%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -0.8%

MACD /
Negative momentum on the MACD histogram for FRE is maintained & supports a bearish move is likely

FRE: MACD Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: BEARISH (3) 18 Oct: BEARISH

Freightways opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day.
Open Tod Vs Close Tod /
Freightways opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day.

[BEARISH STRONG]: Freightways opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 51 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 19.4%. Over the last month there has been 6 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 40%.

A short term Pivot Reversal has formed with Freightways
Pivot Reversal /
A short term Pivot Reversal has formed with Freightways

[BEARISH]: A short term Pivot Reversal has formed with Freightways which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 11 occurrences of this bar reversal giving a signal probability of 4.2%.

VALUE /
The current P/E ratio of Freightways is 18.95

Freightways Key financial metrics: (1) EPS: $0.39 (2) P/E Ratio: 18.95

Volume Rate of Change /
14-day volume rate of change is now increasing for Freightways

FRE: VROC Current Signal -> (1) 20 Oct: BULLISH CROSSOVER (2) 19 Oct: BEARISH CROSSOVER (3) 18 Oct: BEARISH CROSSOVER

Woodie Pivot Point /
Freightways has moved below the S1 Woodie pivot point ($7.346) [Bearish]

Freightways has broken the first Woodie support point ($7.346) [Bearish]. Look for a short limit order entry near this point. Exit price for FRE should be set @$7.303 & short position stoploss for Freightways should be set at $7.643

Freightways: Range Performance (41.7)
Range Tod Vs Range Yest /
Freightways: Range Performance (41.7)

[BEARISH]: Freightwayssellers are increasingly eager. There has been 3 consecutive days of range increase for FRE adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.37 & the greatest daily price range this year has been $1.49. The price range ratio this week versus the quarterly price range is 0.6x & the price range ratio this month versus the year to date price range is 0.2x.

Freightways: Pivot Point ($7.487)
Pivot Points /
Freightways: Pivot Point ($7.487)

Freightways has broken the first support point ($7.374) [Bearish]. Look for a short limit order entry near this point. Exit price for FRE should be set @$7.317 & short position stoploss for Freightways should be set between $7.657 & $7.714

Initiation of oversold signal for Freightways [Bullish Crossover]
Williams %R /
Initiation of oversold signal for Freightways [Bullish Crossover]

[BEARISH]: Freightways is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Simple Moving Average /
The SMA trend following signal is now active for Freightways [Bearish]

[BULLISH]: Freightways currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -2.4%.

Medium Trend /
Freightways: Downtrend for the medium term trend is continued

[BEARISH]: Freightways is in an downtrend in the medium term timeframe. The current rally number is 33 & the highest rally count for the LTM is 33. The highest rally for the month is 15

Moving Average Envelope /
Envelope bands Oversold signal is still current for Freightways [Bullish]

[BEARISH]: Freightways current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 8.0325.

Ex-Dividend /
Freightways: Ex-Dividend Date

The last ex-dividend date recorded for FRE occurred on the Mar 16 2017. This event was 218 days from the current trading day.

[Downtrend]: Recent trading for FRE confirms bearish SWMA(5) signal
Sine Weighted Moving Average /
[Downtrend]: Recent trading for FRE confirms bearish SWMA(5) signal

[BEARISH]: Freightways currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -2.4%.

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

[BEARISH]: Freightways currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -2.4%.

Percentage Volume /
[Bearish]: Freightways currently has negative PVO -12.2

[BEARISH]: Freightways currently has negative PVO -12.2%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.3%.

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