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(Transfreight) Transfreight complete technical analysis [charts+indicators] | Buy/Sell Transfreight | (Transfreight) share price targets

Complete technical analysis of Transfreight (Transfreight) by charts plus indicators, forecast predictions and share price targets for Transfreight (Transfreight)

Showing technical analysis as on 2024-02-20 View latest technical analysis

10 day averaged volume of Transfreight is 6194

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	31.16	30.50	31.63	30.20	1.159 times
19 Mon Feb 2024	30.13	31.60	31.60	30.02	1.434 times
16 Fri Feb 2024	31.60	31.79	32.49	30.21	0.559 times
15 Thu Feb 2024	31.20	32.51	32.51	31.00	0.732 times
14 Wed Feb 2024	31.97	33.20	33.20	31.29	0.499 times
13 Tue Feb 2024	32.93	33.90	33.90	31.10	0.591 times
12 Mon Feb 2024	32.70	33.90	33.90	32.68	0.851 times
09 Fri Feb 2024	34.39	34.65	34.90	32.29	0.987 times
08 Thu Feb 2024	33.97	33.70	33.97	31.15	1.654 times
07 Wed Feb 2024	32.62	34.00	34.00	32.59	1.386 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31.3, but if it comes above 31.3, then a intra day buy could be more profitable.
If you take a sell trade below 31.3, then use 31.3 as stoploss and 29.2 as target. However if you take a buy trade in stock , then use 31.3 as stoploss and 33.05 as target.

Share price targets for Transfreight (Transfreight)

Target Type	Value
Downside Target	19.38
Downside Target	22.02
Downside Target	22.70
Downside Target	29.01
Downside Target	30.02
Downside Target	31.15
Upside Target	33.00
Upside Target	33.90
Upside Target	36.75
Upside Target	37.00
Upside Target	38.70

Intraday share price targets for Transfreight (Transfreight)

Target Type	Value
Downside Intraday Target	30.24
Downside Intraday Target	29.33
Upside Intraday Target	31.85
Upside Intraday Target	32.55
Downside Intraday Target	30.94

Weekly technical analysis of Transfreight (Transfreight)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	31.16	31.60	31.63	30.02	0.802 times
16 Fri Feb 2024	31.60	33.90	33.90	30.21	0.355 times
09 Fri Feb 2024	34.39	36.49	37.00	31.15	0.595 times
02 Fri Feb 2024	35.58	30.53	38.70	29.01	2.712 times
25 Thu Jan 2024	30.53	34.12	36.75	30.26	0.317 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Transfreight (Transfreight)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	31.16	36.71	38.70	30.02	0.537 times
31 Wed Jan 2024	35.12	24.20	36.75	22.70	1.478 times
29 Fri Dec 2023	23.73	31.40	33.00	22.05	0.979 times
30 Thu Nov 2023	30.00	20.99	30.05	19.75	3.951 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Transfreight (Transfreight)

Price action analysis of Transfreight ( (Transfreight) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Transfreight ( (Transfreight) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Transfreight ( (Transfreight) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Transfreight stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Transfreight in short term but the sell signal is initial and weak.

Transfreight Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Transfreight in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Transfreight is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.32 and Transfreight (Transfreight) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Transfreight (Transfreight) stock. Volume based technical analysis of Transfreight (Transfreight) stock is negative.

Transfreight Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.