FRGT Should I Buy

Not a good buy right now for a Beginner long-term investor with $50k–$100k who is unwilling to wait for better entry points. FRGT is in a clear bearish trend, is trading near support after consecutive declines, has weak/unstable fundamentals (large losses and negative gross margin), and there are no near-term catalysts or proprietary trading signals supporting an immediate entry. Best decision today: avoid/sell rather than buy.

Price closed at 1.35 (-4.86%) and is hovering right on key support (S1 = 1.34). A breakdown below 1.34 raises downside risk toward S2 = 1.224, while upside resistance is meaningfully higher (pivot 1.527, then R1 1.714), implying poor immediate reward-to-risk for long-term entries. Trend: Bearish. Moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), which typically signals an established downtrend. Momentum: Mixed-to-weak. RSI_6 is 28.226 (oversold/near-oversold), which can allow a short-term bounce, but it does not reverse the broader downtrend by itself. MACD histogram is slightly positive (0.0324) but “positively contracting,” suggesting any bullish momentum is fading rather than strengthening. Pattern-based projection (provided): 60% chance of a small move (+0.67%) next day, +4.1% next week, +8.26% next month—these probabilities are not strong enough to override the dominant bearish trend and weak fundamentals. **Intellectia Proprietary Trading Signals** - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.